Program to help youth set up SMEs | Sunday Observer

Program to help youth set up SMEs

11 April, 2021

The Ministry of Youth and Sports (MOYS) and Youth SME business Trust Guarantee Limited signed a Memorandum of Understanding recently to set up SMEs for young people.

Minister of Youth and Sports, Namal Rajapaksa, Secretary to the Ministry of Youth and Sports, Anuradha Wijekoon, Additional Secretary, Ministry of Youth and Sports, Saman Waduge,   Director, Small Enterprises Development, Sudheera Jayarathna and Founder, Youth SME Business Trust Guarantee Limited, Rehan Jayatilaka were present.

The purpose of the MoU is to Inform, Inspire, Influence and raise 4,000 youth business owners by 2025. 

The target segment is between 15-24. The initiative will be a country wide program carried out in Sinhala, Tamil and English. It will highlight the benefits of SMEs versus employment and develop youth who can create jobs. The know-how on how to start, develop and grow SMEs will be instilled together with financial investment, business development and training.

These will be delivered by Youth SME Business Trust Guarantee Limited and will work in tandem with the Small Enterprises Development Division.

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