NYOTA Gives Update on Second Tranche of Business Start-Up Funds
1 min read
The government has assured thousands of NYOTA beneficiaries that the second tranche of business start-up capital will be released soon.
In a public notice, the State Department for MSMEs Development said it is aware of concerns from beneficiaries who have been waiting for the next round of funding.
The ministry also warned the public about fake notices and misleading information being shared online regarding the NYOTA project. Officials said some of the messages circulating on social media are not genuine.
According to the government, preparations for the nationwide release of the second tranche are currently in the final stages.
The government said it remains committed to supporting young entrepreneurs across the country through the NYOTA programme, which aims to help young people start and grow businesses.
Beneficiaries have been asked to remain patient and avoid relying on unverified information as they wait for the official announcement.
The government will provide more details during a press conference scheduled for Tuesday, June 2, 2026.
Young entrepreneurs who are part of the programme are encouraged to continue strengthening their businesses as they await the next disbursement of funds.
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