1,000 young Sabah entrepreneurs to benefit from YEAP grant

Last update: 19/11/2019

KOTA KINABALU, Nov 19 -- Sabah’s young entrepreneurs stand to benefit from a special grant under the Sabah Youth Entrepreneurship Aspiration Programme (YEAP), this year.

Chief Minister Datuk Seri Mohd Shafie Apdal said the special grant formerly provided for under the Youth Entrepreneurship Scheme Sabah (YESS) would be disbursed on a one-off basis.

"This special fund is to engage as many Sabah youths as possible in the business world. Given their enthusiasm, they are capable of becoming successful entrepreneurs if provided proper guidance in churning out good quality products based on market demand,” he said.

He told reporters this after launching the YEAP Fund at the Sabah State Legislative Assembly lobby here today.

Also present were Sabah Youth and Sports Minister Phoong Jin Zhe and Sabah Youth Council president Ahmad Farid Sainuri.

Meanwhile, the Sabah Youth and Sports Ministry which has already channelled the grant to YEAP said applicants for the assistance must be aged between 18 and 35 and possess a business licence and business plan.

In a press release, it said the selected applicants would receive RM2,000 each.

The ministry said YEAP received 1,787 applications between February and July 2019, “which showed that Sabah youths seriously need assistance from the state government”.

The ministry added that it would provide more avenues and opportunities for young entrepreneurs to grow their businesses through programme diversification including upgrading of skills.