BUSINESS NEWS POLITICS

NEIP to Support 2000 Businesses with Seed Money of GH¢10,000 to GH¢100,000 in Window 2


The Chief Executive Officer (CEO) of the National Entrepreneurship and Innovation Plan (NEIP) Mr. John Kumah, under the auspices of the Ministry of Business Development, has opened application for young entrepreneurs and business owners to benefit from government’s ‘Cash for Entrepreneurs’ in setting up and expanding their businesses.

The second window of the National Entrepreneurship and Innovation Plan (NEIP), Presidential Business Support Programme, which was launched on February 14, 2019, seeks to support about Two Thousand (2,000) businesses with a seed capital ranging from GH¢ 10,000 to GH¢ 100,000 respectively.

Explaining further on the NEIP Window 2 application, Mr. John Kumah, however, emphasized the need to provide the required training, technical support, an access to market and business advisory services to over Ten Thousand (10,000) businesses across the country.

“In the first window (Window 1), we received applications from well over Seven Thousand (7000) businesses, and all these Businesses were trained in Fifty (50) Incubation Hubs across the Country.

At the end of the training, the Incubation Hubs selected for us Thousand Three Hundred and Fifty (1,350) businesses to be funded including groups and business Associations”. Mr. Kumah disclosed.

Indicating that all the Thousand Three Hundred and Fifty (1,350) businesses received the funding in August last year, and even started repayment on the funds received in September.

He therefore advised applicants not to pay money to anyone, since the entire application process is on the NEIP website, and also sounded a cautionary message to the general public against the criminal tactics of these fraudsters who intend to capitalize on the good intentions of the NEIP programme to defraud others.

“Don’t accept any text message or email asking you to complete your application or fill any form. There are lots of fraudsters who are working very smart to dupe people along the NEIP programme. We are cautioning the public against these fraudsters”. The CEO cautioned.

Any Entrepreneur, start-up or businesses interested in the NEIP Presidential Business Support Programme can visit http://bit.|y/2EdUDJ7 to apply.

Source: Editor/newslinegh.com

 

Exclusively Newslinegh

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