Finance Minister Felix Mlusu has on announced on Tuesday in Parliament that the allocation for the Malawi Enterprise Development Fund (MEDF) for the Youth and Women Loans has been increased from K15 billion to K40 billion in the new budget for the 2020 – 2021 financial year.
He further said this amount, will gradually be increased to reach K75.0 billion.
“With the increased allocation, Government is expected to support creation of 200,000 enterprises run by the youths and women. These enterprises in turn are expected to create over 600,000 jobs which will result in increased tax base, creation of more jobs and improved welfare of our people, especially the youths and women”, said Mlusu.
Stay rational and stick to your business ingenuity.
MEDF – Empowering Malawians Financially!