What does YBSL mean in BUSINESS
YBSL stands for Youth Business Sri Lanka, a non-profit organization dedicated to empowering young entrepreneurs in Sri Lanka. Established in 1999, YBSL provides a comprehensive range of support services to help young people start and grow their businesses.
YBSL meaning in Business in Business
YBSL mostly used in an acronym Business in Category Business that means Youth Business Sri Lanka
Shorthand: YBSL,
Full Form: Youth Business Sri Lanka
For more information of "Youth Business Sri Lanka", see the section below.
Services Offered by YBSL
- Entrepreneurship Training: YBSL offers workshops, mentorship programs, and online courses to equip young people with the skills and knowledge necessary to launch successful startups.
- Business Development Support: YBSL provides personalized guidance and support to young entrepreneurs throughout the business development process, from idea generation to business planning and implementation.
- Access to Funding: YBSL facilitates access to funding opportunities, including grants, loans, and equity investments, to support young entrepreneurs in starting and scaling their businesses.
- Networking and Mentorship: YBSL creates opportunities for young entrepreneurs to connect with experienced professionals, mentors, and investors, fostering collaboration and knowledge sharing.
Impact of YBSL
Since its inception, YBSL has supported over 20,000 young entrepreneurs, creating numerous job opportunities and contributing to economic growth in Sri Lanka. The organization has been recognized for its innovative approach and has received several awards and accolades for its work in supporting youth entrepreneurship.
Essential Questions and Answers on Youth Business Sri Lanka in "BUSINESS»BUSINESS"
What is Youth Business Sri Lanka (YBSL)?
YBSL is a non-profit organization that provides young entrepreneurs in Sri Lanka with access to finance, training, and support.
What types of businesses can I start with YBSL's support?
YBSL supports a wide range of businesses, including retail, services, manufacturing, and agriculture.
How do I apply for YBSL's services?
You can apply online or visit one of YBSL's branches. The application process involves submitting a business plan and undergoing an interview.
What are the benefits of receiving support from YBSL?
Benefits include access to affordable loans, tailored training programs, mentorship, and networking opportunities.
What is the eligibility criteria for YBSL's support?
To be eligible, young entrepreneurs must be between the ages of 18-35, have a viable business plan, and demonstrate entrepreneurial skills.
How much funding can I receive from YBSL?
YBSL offers loans ranging from LKR 50,000 to LKR 5 million, depending on the size and potential of the business.
What are the interest rates on YBSL loans?
Interest rates are competitive and tailored to the needs of each entrepreneur. Contact YBSL for specific details.
How long is the loan repayment period?
Loan repayment periods vary depending on the loan amount and business plan. Contact YBSL for specific details.
What is YBSL's mission?
YBSL's mission is to empower young entrepreneurs in Sri Lanka to start and grow successful businesses, creating opportunities and fostering economic development.
Final Words: YBSL plays a vital role in fostering youth entrepreneurship in Sri Lanka. By providing a comprehensive range of support services, the organization empowers young people to start and grow their businesses, contributing to economic development and social progress in the country.