LED Programme: Co-operative Incentive Scheme (CIS)

Description

The Co-operative Incentive Scheme (CIS) is a 100% grant for registered primary co-operatives (a primary co-operative consists of five or more members). The objective of the CIS  is to improve the viability and competitiveness of co-operative enterprises by lowering their cost of doing business through an incentive that supports Broad-Based Black Economic Empowerment.

Objectives

  • Promote co-operatives through the provision of a matching grant;
  • Improve the viability and competitiveness of co-operative enterprises by lowering the cost of doing business;
  • Assist co-operatives to acquire their start up requirements;
  • Build an initial asset base for emerging co-operatives to enable them to leverage other support; and
  • Provide an incentive that supports broad-based black economic empowerment.

Expected Outcomes

Eligible activities through the grant:

  • Business development services (e.g. feasibility studies; business, manufacturing and production systems; and production efficiency and improvement, etc);
  • Technological improvements;
  • Machinery, equipment and tools;
  • Commercial vehicles;
  • Infrastructure linked to the project (e.g. 3-phase electricity; boreholes, etc.); and
  • Working capital.

Who benefits / Eligible criteria:

Eligible entities should:

  • be incorporated and registered in South Africa in terms of the Co-operatives Act of 2005;
  • be emerging co-operatives with a majority black ownership;
  • have projects in any of the different economic sectors;
  • adhere to co-operative principles;
  • be owned by historically disadvantaged individuals (HDIs);  and
  • be biased towards women, youth and people with disabilities.

Current Status

Ongoing and open for applications.

More information documents and application forms can be found on the dti website.

Theoretical Knowledge

Currently no content available. If you have some further information please submit this to us: contact@led.co.za.

Practical Knowledge

Currently no content available. If you have some further information please submit this to us: contact@led.co.za.

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Coverage

Contact

the dti Campus Building A
77 Meintjies Street Sunnyside
Pretoria , Gauteng
South Africa
Gauteng ZA