Jamaica provides special funding for entrepreneurship
Working-age beneficiaries of the country’s conditional cash transfer programme, PATH, have been given access to millions of dollars to start up their own businesses.
KINGSTON, Jamaica, Thursday June 30, 2011 – To promote self sufficiency among working-age beneficiaries under its Programme of Advancement Through Heath and Education (PATH), the Government is making J$70 million (US$825,000) available in grants to assist persons with various micro-business ventures.
The grants are expected to benefit at least 1,000 clients. About 54 persons have already received funds totalling J$3 million (US$35,356) under the Entrepreneurship Grant Initiative of PATH’s Steps-to-Work project, which assists persons in undertaking sustainable economic activities, ranging from poultry rearing to fashion designing.
Minister of Labour and Social Security Pearnel Charles said the initiative demonstrates the Government’s commitment to improve the lives of beneficiaries, empowering them to break the cycle of poverty and “move on to the road of success."
“Steps-to-Work is a step in the right direction - opening the door of opportunities for your own self development. This special initiative (will) assist the vulnerable families to help themselves,” he said.
The Minister explained that with the help received under the project, which includes training and business development opportunities, the beneficiaries could emerge as some of the country’s most successful business persons.
Coordinator for the Steps-to-Work project, Marcia Bolt, said any adult member of a PATH household can apply to receive grants under the Steps-to-Work project, once they have a legitimate business enterprise they would like to pursue.
“We support anything that is legitimate, so whether it’s in agriculture, agro-processing, catering, manufacturing, retail trading, cosmetology…once we have established that there is a need then we are willing to support those projects,” she said.
Once the recipients are chosen, they will undergo a rigorous training programme with the Jamaica Business Development Corporation (JBDC), where they are taught basic business management and customer service skills.
The clients will also be exposed to the personal development programmes that are offered by the Steps-to-Work project, and are assisted to develop a three-year plan of action aimed at increasing their capacity to seek and retain employment.
Bolt said the project aims to assist persons “to not just hustle,” but to set up legitimate businesses that can lead to a sustainable source of income, so that eventually beneficiaries will be weaned from PATH.
“We do not believe that our clients want to be assisted through PATH for the rest of their lives. We believe that the majority of them really come to PATH as a short term solution and want to be empowered to earn their own living,” she said.
Stevel McKellop, a beneficiary of the Steps-to-Work project , says his desire to become an entrepreneur has now borne fruit with the funds that will assist him in starting his bee farming business.
“From I was small I always wanted to run my own business and now that the opportunity has arisen, I am going to make the very best use of it,” he says. “The funds will help me to purchase bee boxes and other equipment to actually start the business and to run it. I wanted to start this business from a year ago, but as a result of not having any funds I was unable to start. I am going to take up this opportunity and I’m going to make it into a big business.”
Administered by the Ministry of Labour and Social Security, the US$2.1 million World Bank-funded Steps-to-Work project, which was initiated in 2008, aims to provide eligible PATH beneficiaries with the training, entrepreneurial and job readiness skills to become self-reliant, so that they will no longer require state assistance.
PATH is a conditional cash transfer programme of the Government, which delivers social assistance benefits to the neediest persons in the society.
The Steps-to-Work project partners with agencies such as HEART Trust/ NTA, Jamaica Foundation for Lifelong Learning (JFLL), National Youth Service (NYS) and the Jamaica Business Development Corporation (JBDC) to train beneficiaries.
Click here to receive free news bulletins via email from Caribbean360. ( )