80 young people to receive PRYME funding tomorrow

Eighty (80) grants have been approved through the Promoting Youth Micro Enterprises (PRYME) programme for young persons here in St. Vincent and the Grenadines.

Minister of Agriculture, Hon. Saboto Caesar announced this on XtremeFM this morning (May 18).

According to Caesar the announcement will be made on Tuesday (May 19).

The programme will contribute to the empowerment of young people, alleviation of poverty, enablement of entrepreneurship and the creation of new businesses. Financial resources and managerial support services will be provided to promising microenterprises and startups, the government’s website explains.

The programme is financed by central Government through an annual resource allocation of EC$2.4 million.

Potential and existing Micro and small enterprise owners between the ages 18-40 are listed as the main beneficiaries of the programme. However, the criteria has been extended to reach a wider range of applicants. Persons over 40 can now apply through PRYME Plus.

The following sectors and sub-sectors are the areas of focus: agriculture production; agro processing; light manufacturing; fisheries; services including beauticians (hair dressing, barbering); arts and craft and any other businesses endorsed by the Steering Committee and approved by Cabinet.

Caesar explained that the 80 young persons returned from university, after having studied in different sectors of agriculture and applied to the PRYME programme.

“They will be receiving their grant monies to do their own businesses,” Caesar said.