Loans worth 6 billion pounds to provide 37 thousand jobs in the new financial year
The National Program for Local and Community Development aims at "your project" during the new fiscal year 2019/2020, providing 37 thousand jobs through projects implemented with loans of 6 billion pounds, where the coming period will see a big start to your "project" in the provinces and increase the services provided at the headquarters of your project "Improve staff skills, train and rehabilitate them and develop new follow-up mechanisms.
So far, the project has provided some 123,000 projects that have been lent at a cost of LE 10.5 billion through the participating banks. The projects have contributed about 350,000 jobs for youth in all governorates. An immediate temporary operating license for the project is approved. 5 years.
The governorate of Minya was in the forefront of the beneficiaries of the loans, where more than 15 thousand projects were executed with loans of 1.4 billion pounds and Sohag governorate 13 thousand projects with loans of 1.2 billion pounds, then Sharqia 10 thousand loans with loans 1.1 billion pounds and the province of the lake 14 thousand projects with loans about one billion pounds , Pointing out that one of the most important goals of your project is to enter the informal economy into the formal economy by expanding the projects that are obtained according to the initiative of the Central Bank for small and medium enterprises, which starts from 1000 pounds to 2 million pounds at an interest rate of 5% per annum.
Marketing teams from the governorates are being trained to market the services of your project and to help young people to market their products internally and externally and to overcome all obstacles through the use of one-stop shop to receive and respond to requests. The regional universities were also introduced to the project through their websites and websites And linking it to the site of the Supreme Council of Universities and take advantage of the potential of universities and practical experience of the members of the faculty in providing the necessary technical support and the holding of technical and professional courses for young people through the members of the Commission Accredited by the International Labor Organization in the field of teaching entrepreneurship to Sqlhm needed to start a business and start-up companies to establish skills.
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