dsbd.gov.za Co-operative Incentive Scheme : Department of Small Business Development.
Organisation : Department of Small Business Development.
Facility : Co-operative Incentive Scheme
Website : http://www.dsbd.gov.za/?page_id=1220
CIS Guidelines : https://www.southafricain.com/uploads/9219-guidelines.pdf
CIS Application Form : https://www.southafricain.com/uploads/9219-Applications.pdf
CIS Application Checklist : https://www.southafricain.com/uploads/9219-Checklist.pdf
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Contents
DSBD Co-operative Incentive Scheme
** 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).
Related / Similar Scheme : DTI Employment Creation Fund
** 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.
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.
CIS Application Checklist
1 Completed & signed Application Form
2 SARS Tax Clearance Certificate- Original & Valid
3 Detailed business plan
4 Co-operative resolution to apply for CIS grant
5 Three competing and comparable quotations
6 Copy of Co-operative Constitution signed by founder members
7 Directors’ copies of CV’s and certified copies of IDs
8 Copy of Co-operative registration certificate
9 Motivation letter for choosing higher quotation(s)
10 Motivation letter for submitting one quotation
11 Bank Statement for start-up (confirmation letter from the Bank) Bank Statement for expansion (3 months statement)
12 Projected Financial Statement for (Start-ups) Financial Statement for Expansions (Existing)
Application Form
This will be a duly signed (by authorised person as per the constitution of the co-operative), formal submission by the applying co-operative to indicate the intention to participate in the CIS. The online application form is available on the Department: Small Business Development
Proof of registration :
Applicants must provide proof of registration in the form of a certificate of registration, indicating the name of the co-operative, its registration number, information about the registered office and the names of directors.
Proof of decision to apply for funding :
The applying co-operative must be able to provide a resolution for it to apply for the CIS. This could be by way of attaching the minutes of meetings of the Co-operative Board or sessions during which during which the decision to apply for the grant was taken.
What is the maximum that we can apply for, our application will be for a piggery.