In order to help youth starting businesses to obtain operating capital, the Youth Commission began the “youth entrepreneurship loan project” in 2009. In addition to guaranteeing the fund the Commision plans supporting measures to help youth to start a new business that will function stably and strengthen the use effect of the youth entrepreneurship loan. 90% of the loan will be guaranteed, a rise from the original 80% guarantee.
To make youth to start the business more convenient by professional guidance in youth entrepreneurship course; increase the credit guarantee percentage to allow youth to apply for the loan more easily; set up a call service center to allow youth contact more conveniently; establish an advisory team of entrepreneurship counseling for youth to make their business operation more stable.
Youth aged 20 to 45 starting a business for the first time.
4.Profile of the plan
- To develop the knowledge and skill of young entrepreneurs, and increase the entrepreneurship success rate of youth. youth entrepreneurship courses have been enlarged to include the four major areas, management, marketing management, financial management and information use, as well as the entrepreneurial adaptive assessment, business registration process summary,introduction to the concept of government resources, etc. People who want to apply for youth entrepreneurship loan may register free. . In addition, the commission will support building a digitized course system as a supplement to the special education class for youth entrepreneurship in knowledge and skill. This will be studied online for one month by young entrepreneurs in administrative areas where entrepreneurship courses are not offered.
- A free information hotline will be set up to provide immediate instructions and a referral service. in the way of single service provided theIndividual service is provided through a toll-free 0800telephone serviceThe hours of service service are Monday to Friday from 8 am to 8 pm. The service includes entrepreneurship-related course information, immediate responseto various entrepreneurs and counseling service by reservation.
To establish a youth entrepreneurship guidance team of consultants to provide free customized service locally, the commission will setthe service centers in the northern, central, southern of the country. as It will provide customized serviceto young entrepreneurs, including setting up loan application conditions for youth entrepreneurship, business registration process, business plan feasibility analysis, business plan writing skills , and provide business advice and diagnosis.
Updated Date 10-11-11