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DateLine Sunday, 9 September 2007

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Help for under-privileged youth to improve business

The Ceylon Chamber of Commerce (CCC) and the Hambantota District Chamber of Commerce (HDCC) launched the 'Youth Business Sri Lanka' program islandwide on Wednesday to help the under-privileged and disadvantaged youth to start and improve their business.

The HDCC is the founder and custodian of the Hambantota Youth Business Trust (HYBT) - a program launched in 1997 modelled on HRM, the Prince of Wales Youth Business Program to assist disadvantaged youth between 18-35 to start and develop their businesses.

The HYBT also helps to check youth unrest and minimise social conflicts. Director General, Hambantota Chamber of Commerce Azmi Thassim said during the 10 years in operation the Youth Business of Sri Lanka program has helped over 250 youth to start their enterprises and be good entrepreneurs.

"Raising funds for programs has never been an issue. The local business community has recognised the importance of helping youth and have become mentors", he said.

He said developing entrepreneurial skills of youth and helping them to be businessmen will help create more employment opportunities in the villages and develop the country's economy.

The CCC hosted the national program and the inaugural meeting of the board of trustees of YBSL.

Executive Director, Youth Business International (YBI)-UK Andrew Davenport said the YBI with a global network of over 40 youth business programs has helped youth with less opportunities to excel in their businesses.

The national program will be implemented initially in Vavuniya, Trincomalee, Badulla and the Moneragala districts.

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