AGRICULTURAL YOUTH FUND
The Agricultural Youth Fund is an innovative funding initiative developed in partnership by Land Bank and the NYDA. The Aim of the initiative is to provide qualifying youth-led farming enterprises with funding to assist them further grow their business. For a start a few specific commodities have been prioritised due to their sector growth potential, high value of production, labour intensity to support employment creation as well as the Land Bank’s credit appetite.
More commodities will be added as the program progresses. The initial group of identified commodities are: High value vegetables (baby marrow, patty pans, chillies, and baby spinach), Piquanté peppers, Paprika.
The fund will initially be capitalised with R50 million, made up of equal contributions by both organisations. The Land Bank’s contribution portion will form the debt portion while the NYDA contribution will constitute the grant portion.
This a collaboration between NYDA (National Youth Development Agency) and Land bank, and the target market is the youth in agriculture seeking to expand and diversify their agri business.
For more Details please click on our product brochure or the application form below. All application should be submitted at any of the NYDA offices listed on the brochure.
Product Brochure
Application Form