An agreement was signed on Saturday between the Ministry of Labor and the Development and Employment Fund (DEF) to finance and support small home-based projects through interest-free loans (Qard Hasan) for graduates of the Vocational Training Corporation (VTC), with a maximum loan value of JOD 3,000.
اضافة اعلان
The agreement was signed by the Ministry’s Secretary-General, Dr. Abdul Halim Doujan, and the Director General of the Fund, Mansour Al-Wreikat.
Dr. Doujan stated that the agreement aligns with the goals of the Economic Modernization Vision by establishing the concept of entrepreneurship and equipping youth with the skills required for the labor market. He added that the initiative encourages enrollment in vocational training while empowering youth to secure employment and finance their own private projects through the DEF.
He noted that the total funding allocated under this agreement reaches JOD 1 million as part of the 2026 financing plan of the Development and Employment Fund. This aims to enable youth across all governorates of the Kingdom to establish small home-based projects in various vocational, artisanal, and technical fields.
For his part, Al-Wreikat outlined the terms and criteria of the financing program, which include:
The applicant must be Jordanian, aged between 18 and 45.
The applicant must hold a professional license in accordance with current legislation.
The interest-free loan value ranges between JOD 1,000 and JOD 3,000 per project.
A grace period of up to 3 months from the date of signing the financing agreement.
A repayment period extending up to 60 months.
Al-Wreikat highlighted that the Fund aims to support and motivate youth to establish small, medium, and entrepreneurial projects that provide a dignified livelihood for them and their families. He invited eligible VTC graduates to visit the various DEF branches located throughout the Kingdom.
