Get Filling In A Fasset Mondetory Grant Form

The functions and responsibilities of SETAs are set forth in Chapter 3, section 10 of the Skills Development Act, 1998. Their primary function is to contribute to the boosting of skills, to bring skills to the employed, or those wanting to be employed, in their section.

MANDATORY GRANTS FUNDING Mandatory Grants are paid by the MICT SETA to companies who are eligible to receive funding. They are calculated at 20% of an employer's 1% skills levy.

Discretionary Grants Services SETA administers discretionary grant funding that supports the organisation's mission and priority qualifications, ing to its sector skills plan. The sector skills plan determines what skills the industry needs to compete globally.

SETA funding for students The main focus is to increase the number of graduates in scarce and critical skills disciplines. These bursaries are offered based on academic performance and the student must be able to provide proof of registration and that there is a financial need.

Discretionary grants are typically awarded through a competitive process in which applicants submit proposals for projects or programs and are evaluated based on specific criteria. The awarding SETA uses its discretion to award the funds to the proposals that best meet its goals and objectives.

Answer: There are two main types of grants: discretionary and mandatory. Discretionary grants permit the agency to exercise judgment in selecting recipients through a competitive grant process. Mandatory grants are required to be awarded if the recipients meet certain predetermined conditions.

The National Center for Family Philanthropy3 defines discretionary grants, more simply, as those made at the discretion of individual trustees or other authorized individuals, without the standard approval process and/or review by the full board.