This Proclamation establishes the Ethiopian Youth Revolving Fund, which shall be managed by the Commercial Bank of Ethiopia. The Fund shall have the following objectives: 1/ assist youth to employ their capabilities in creating job opportunities; provide financial assistance for organized income generating activities conducted by youth; ensure the all-rounded participation and benefit of youth. The Fund may provide, through trough micro financing institutions, loans to beneficiaries. The micro financing institutions shall: 1/ enter into an agreement with and provide the required amount of loan to beneficiaries in accordance with the terms and conditions set out by the Ministry upon receipt of income generating project documents of beneficiaries evaluated and approved by the appropriate authority and where it is satisfied that the project is feasible. The “appropriate authority” is the authority of a state, whatever its designation, that is in charge of youth affairs. Such authority shall identify youth qualifying to become Beneficiary and facilitate the provision of technical assistance to beneficiaries in project preparation.
Etiopía · 2017-03-10