Govt. releases funds for the 2013 National Youth Development Fund (YDF)
Lusaka, March 27th, 2013, ZANIS—Government has released KR19, 1 Million for the 2013 National Youth Development Fund (YDF).
Youth and Sports Minister Chishimba Kambwili said this year’s KR19.1 Million represents a 60% increase from last year’s KR11.8 Million.
He said the increase in this year’s budgetary allocation is a clear testimony that the Patriotic Front (PF) government is committed to the integration of the youths in national development.
ZANIS reports that the minister was speaking at press briefing in Lusaka today to mark the launch of the National Youth Development Fund.
The PF government has come up with empowerment programmes such as the YDF aimed at resolving the challenges faced by the Zambian youths.
The overall objective of the YDF is to disburse loans and grants to individual youths, youth groups and youth enterprises for promotion of youth participation and involvement in wealth and employment creation.
And Mr. Kambwili has said the funds would be divided and allocated to all the 10 provinces using the population distribution as a variable.
Her said this will ensure that the funds are prudently disbursed to the intended beneficiaries adding that a robust awareness strategies and disbursement mechanism to publicise the funds has been put in place in order to benefit even the youths in remotest parts of the country.
Mr. Kambwili has since urged all the youths in possession of a Green National Registration and holding a registered, company, club and Non Governmental Organisations (NGO) to access the funds.
Meanwhile, Mr. Kambwili has warned of stern action against any officer who will be charging the youth development fund forms.
This follows reports of some ministry officials in Southern, Lusaka and Central provinces who are allegedly charging KR 20 to KR 300 for any youths to access the forms, a move Mr. Kambwili described as criminal