The Tanzanian government has launched a Sh200 billion youth loan program through the Youth Development Fund, targeting young entrepreneurs to stimulate economic growth and create jobs.

Minister Joel Nanauka announced the initiative in Arusha, allocating Sh730 million to the region for projects like medicine production, dust-free chalk manufacturing, and nutrition enterprises.The first phase will finance Sh8 billion in youth-led ventures across agriculture, manufacturing, technology, and services.Applications received 30,384 proposals, with approved projects emphasizing sustainable business growth and productivity.Loans are framed as investments requiring repayment to ensure long-term viability.Financial institutions like CRDB Bank will support beneficiaries with training and guidance.

The scheme aims to address limited access to capital for young entrepreneurs, fostering self-reliance and innovation while promoting inclusive economic development.