By Demion McTair. Updated 7:08 p.m., May 1, 2020, Atlantic Standard Time GMT-4).
Kingstown, St. Vincent (ONE NEWS SVG) – Persons in St. Vincent and the Grenadines who are ages 18 to 40 years old are being encouraged to apply for cash grants of up to EC $40,000 from the government.
The grants, available under the Promoting Youth Micro Enterprise – PRYME program, are to fund business and entrepreneurial activities or ventures.
Finance Minister, Camillio Gonsalves, at a press conference on Thursday, encouraged young people to apply and said “It is a wonderful opportunity if you have a business idea, if you have an entrepreneurial spirit”.
He said the grants range from EC $5,000 to $40,000.
He said the first wave of applications is currently being considered by the PRYME Steering Committee.
“I understand that they would make a recommendation to Cabinet in the coming week of the first 40 or so, 40 to 50 recipients of PRYME grants and we anticipate that that would be a monthly occurrence, 50 plus young people receiving grants from PRYME” – the finance minister said.
He said that due to the Covid-19 pandemic, PRYME has been expanded to persons over the age of 40 to assist them with their businesses and entrepreneurial ventures.
Application forms are available at the Center for Enterprise Development,l or the Ministry of Finance.
Persons can also apply online.