Does NYDA fund property?

No. NYDA will not provide grant funding to a client that has benefited from another Development Finance Institution to an amount above R500,000.00. NYDA will not provide a grant to an applicant who has been convicted of fraud. The grant can be utilised for the following: To purchase movable and immovable assets.

How long does it take to get funding from NYDA?

The agency will check your credit and process the application within 30 working days. Once approved, the grant is processed at the Head Office within 30 working days.

NYDA Grant Programme Application Process

Those who are eligible to apply:

  • Are youth from 18-35 years of age
  • Are youth with skills, experience or; with the potential skill, appropriate for the enterprise that they conduct or intend to conduct.
  • Are South African citizens
  • Are South African residents

Application Process/Procedure

  • You must apply 3 months before you turn 35 years,
  • Submission of all required documentation,
  • Proof of attending Business Management Training  course,
  • Business Pitch presentation of 10 minutes – in person or telephonically,
  • Due Diligence assessment conducted by the NYDA official on the business.

How to access the NYDA Grant Programme