- Unlike the first tranche, which was rolled out in phased clusters across the regions, the second disbursement would reach all eligible beneficiaries at the same time..
- the beneficiaries have already completed a mandatory business development skills training programme, a requirement under the initiative before qualifying for the start-up capital.
The government will on Friday roll out the second tranche of start-up capital under the National Youth Opportunities Towards Advancement (NYOTA) programme, where Ksh 3 billion will be released to 122,000 youth beneficiaries in a nationwide exercise spanning 18 venues.
President William Ruto was earlier today briefed on the progress of the disbursement at State House, Nairobi ahead of the launch.
Each beneficiary is set to receive Sh25,000, which, added to a similar amount already disbursed to them earlier in the year, will bring the total business support extended to each beneficiary to Sh50,000.
According to president Ruto, the beneficiaries have already completed a mandatory business development skills training programme, a requirement under the initiative before qualifying for the start-up capital.
NYOTA is a five-year, World Bank-financed Government of Kenya initiative that targets 820,000 unemployed youth aged between 18 and 29 years, and up to 35 years for persons with disabilities. It is implemented through a multi-agency approach involving the State Department for Youth Affairs and Creative Economy, the Micro and Small Enterprises Authority (MSEA), the National Industrial Training Authority (NITA), the National Employment Authority and the State Department for Labour and Skills Development.
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Under the programme’s business support component, successful applicants undergo a business skills training course before receiving Sh50,000 in start-up capital, disbursed in two instalments of Sh25,000 each.
The second tranche had faced repeated delays after the Government initially projected a June 30 disbursement date, citing budgetary adjustments occasioned by compressing the programme’s financing into a single fiscal year. Deputy President Kithure Kindiki had earlier announced June 27 as the target date following a progress update at Harambee House.
Principal Secretary for the State Department for Micro, Small and Medium Enterprises Development, Susan Mang’eni, had indicated that, unlike the first tranche, which was rolled out in phased clusters across the regions, the second disbursement would reach all eligible beneficiaries at the same time.
The first tranche of the business support component was rolled out in phases beginning with the Western Kenya cluster, before extending to counties including Nairobi, Kiambu and Kajiado, among others, with beneficiaries in each region receiving Sh25,000 upon completing the requisite training.
Friday’s launch will bring together beneficiaries drawn from all 47 counties across the 18 venues.
By Masaki Enock
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