Tanzania launches Sh200bn youth loan scheme to boost jobs and enterprise
Tanzania, July 9 -- Arusha. The Government has launched the rollout of a Sh200 billion youth loan programme aimed at empowering young entrepreneurs, boosting productive investment and creating jobs across the country.
Implemented through the Youth Development Fund, the programme seeks to increase young people's participation in the economy by improving access to affordable financing.
Launching the programme in Arusha on Thursday, July 9, Minister of State in the President's Office for Youth Development Joel Nanauka said loans would be disbursed only to eligible and viable projects following a rigorous assessment process.
He said Arusha Region had been allocated Sh730 million under the programme.
Of the amount, Sh500 million will finan...
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