The Government of Tanzania has set aside Tsh 1.5 billion to put into the special youth basket fund, which will revive youth development plans and strategies with the aim of empowering them across the country.
This was said by the Assistant Director for Youth Development in the Ministry of Information, Culture, Youth and Sports Venerose Mtenga, that the government wants youth in the country to establish their own Saccos through groups in their municipalities, in order to obtain loans.
She said the government recommended the allocation of the funds after an earlier attempt to restore operations of youth development, plans and strategies that will favour young people in this country.
The Assistant Director said that the government has decided to set aside those funds in order to foster social and economic development among youngsters countrywide.
“The young are unable to cope with the financial institution challenges, such as capital and various criteria, but the government is keen to ensure their growth,” she said.
For his part, Alfred Magehema, Executive Director of Young Tanzanians for Community Prosperity said that through Public Private Partnerships the young people of this country have been recognized in the local and international arena.
He said that youth in Tanzania have been groomed into the values of solidarity and mutual trust and volunteering, which have made the government set aside funds to assist them economically.
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