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YOUTH BUSINESS START-UP LOANS TO CREATE 5,900 JOBS IN TAIWAN.
TAIPEI, Aug 1 Asia Pulse - This year's Business Start-up Loan for Young Entrepreneurs supported by the Sino-American Fund for Economic and Social Development and various banks will create 5,900 jobs, a Council for Economic Planning and Development (CEPD) official said Tuesday.
The official said the project will offer entrepreneurial guidance and low-interest loans to about 1,500 young people to help them start businesses that will generate jobs.
The annual project has financial support to the tune of NT$1.38 billion (US$42 million), with banks and the Sino-American Fund each providing half of the amount.
The Sino-American Fund under the Executive Yuan has already provided NT$7.24 billion for the project over the past decade.
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