Township & rural
Township and Rural Support
Often MSMEs in township and rural areas lack the knowledge needed to raise funding. Most do not understand the funding landscape, what the different types of finance are, which of these fit their funding need, and what the qualifying criteria are.
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Overview
The funding landscape
Different and relevant funding instruments for township and rural areas include blended finance which emanated from the former Black Business Supplier Development Programme, the Cooperatives Development Support Programme (CDSP), the Shared Economic Infrastructure programme, the Informal and Micro Enterprise Development Programme (IMEDP) and Township and Rural Enterprise Programme (TREP), managed by the former Small Enterprise Finance Agency (sefa).
Given its employment potential and empowerment of young people, there is a need to revitalise the informal sector in the township and rural areas.
Objectives
Programme objectives
- To create jobs in the township
- To facilitate an enabling regulatory environment to unlock the full economic potential
- To create economic opportunities for existing township entrepreneurs
- To facilitate suitable infrastructure to create more inclusive economic opportunities
- To facilitate sufficient and innovative business support and capacity building interventions
- To increase the existing manufacturing capacity in the township economy
- To increase the income returns from economic activity
- To increase asset creation - and the better use of existing assets to create value
See also
Related
Township and Rural Entrepreneurship Programme (TREP)
Blended finance and business development support for township and rural enterprises.
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