Women are being urged to support young individuals aspiring to launch their own businesses.
Losana Marama, a representative from West Micro, Small and Medium Enterprises, addressed attendees at a women’s conference held at Gurukul Primary School in Saweni, Lautoka, highlighting the benefits of the Young Entrepreneurship Scheme (YES) program.
Ms. Marama explained that the scheme aims to provide financial assistance in the form of grants to young entrepreneurs with innovative and viable business ideas and projects. The Ministry of Commerce, Trade, Tourism and Transport offers financial support of up to $30,000 to successful applicants aged between 18 and 40 years to help them develop or expand their innovative business concepts.
“If your child has creative and innovative ideas, they can access this funding,” Ms. Marama stated. She emphasized that young entrepreneurs could explore business ideas they see on platforms like TikTok that may not yet be available in Fiji, and that the organization could assist them in accessing these funds.
“The maximum amount available is $30,000. It is a grant, not a loan, and it is fully funded. If you recognize a skill in your child, take the time to motivate and empower them,” she advised.
Ms. Marama also added that the Government acknowledges the significant role young entrepreneurs play in driving economic growth. “As parents and guardians, we should inspire and encourage our children to become ‘job creators’ rather than ‘job seekers’,” she noted.
The West Micro, Small and Medium Enterprises (MSMEs) office is located at Rogorogoivuda House in Lautoka.