Government begins disbursing funds to NEIP beneficiaries

By
Albert Futukpor, GNA

Tamale, Dec 03, GNA
– The government under the National Entrepreneurship and Innovation Programme
(NEIP) Presidential Business Support Programme Window two has begun disbursing
funds to 3,000 small businesses and start-ups to help expand their operations.

The selected 3,000
small businesses and start-ups will receive between GH¢10,000.00 to GH¢100,000.00
from now until December to boost their operations to amongst other things
create more jobs to help reduce unemployment in the country.

This formed part of
the NEIP Presidential Business Support Programme being spearheaded by the
Ministry of Business Development.

Dr Ibrahim Mohammed
Awal, Minister for Business Development presented a dummy cheque for various
amounts ranging from GH¢10,000.00 to GH¢100,000.00 to 30 small businesses and
start-ups drawn from the five regions in the north in Tamale to signify the
kick-start of disbursement of funds.

The beneficiary
businesses cut across areas of agribusiness, fashion and design, and catering
amongst others

Dr Mohammed Awal
said the number of small businesses and start-ups benefiting from the Window
two of NEIP from the five regions in the north were increased because of the
high level of recovery from the beneficiaries from the first window from the
area.

He gave assurance of
government’s continued support to businesses in the country to thrive, saying
GH¢10 million was earmarked to support small businesses and start-ups in the
north during the 2020 financial year.

He advised the
recipients to choose the path of development and shun violence and reject
politicians, who only preached violence.

Mr John Kumah, Chief
Executive Officer of NEIP, reminded the beneficiaries that the funds were not
free money, advising them to work hard to pay back to sustain the programme.

During the NEIP Presidential
Business Support Programme Window two, 12,000 small businesses and start-ups
were trained out of which 3,000 were selected for funding.

During the Window
one, 7,000 small businesses and start-ups were trained out of which 1,350
received funds to boost their operations.

Mr Kumah emphasised
that the government’s objective under the NEIP was to create jobs encouraging
the beneficiaries to do more to engage more people to ensure the success of the
programme.

Mr Salifu Saeed,
Northern Regional Minister, said the support offered small businesses and
start-ups under NEIP and helped them to put their ideas into practice.

Mr Saeed advised the
beneficiaries to invest the funds appropriately to help expand their operations
for the benefit of other applicants.

Ms Tipaya Patience
Chukwu, Managing Director of Serene Royal Enterprise, producers of soya milk at
Nyankpala, who received Gh¢20,000.00, thanked the government for the support.

She was optimistic
that it would help to expand her business and employ more hands to help reduce
unemployment in the country.

GNA

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