INSETA discretionary grants funding window now open

The 2020/2021 application window for discretionary grants from the Insurance Sector Education and Training Authority (INSETA) is currently open from 1 April 2020 to 30 June 2020.

 

Grants include:

* Financial support for learnerships

* Internships

* Bursaries for workers

* Skills programmes for workers

This applies to all registered FSPs in the SME sector, and SME companies in the insurance and related services sectors that are registered with INSETA.

To apply, visit www.inseta.org.za during the application window to access links to the online applications.

 

Late applications will only be accepted at the INSETA’s discretion and are subject to:

* Funding availability

* First-come-first-served basis regarding received applications

* Meeting the relevant requirements of INSETA DG Policy and SETA Grants Regulations

* Commencing programmes within 2020/2021 financial year, no later than 01 February 2021

* Credible track record in completing previous learning programmes funded by INSETA

 

Important notices in the relevant sections

Section A – Learnerships

* Companies may apply for employed and unemployed youth between the ages of 18 and 35

* Applications for funded learnerships must be for programmes meeting the INSETA scarce and critical skills list (see INSETA website www.inseta.org.za)

* Programmes may only start once the applicant company has received approval by INSETA, and after submission of all required documentation to INSETA

* Programmes must start by no later than 01 February 2021.

 

Section B – Internships

* Companies may only apply for South African unemployed youth between the ages of 18 and 35, who have successfully achieved Matric AND a post-school qualification; e.g. learnership

* Applications must be for programmes meeting the INSETA scarce and critical skills list (see INSETA website www.inseta.org.za)

* Programmes may only start once the applicant company has received approval by INSETA and after submission of all required documentation to INSETA

* Programmes must start by no later than 1 February 2021

 

Section C: Bursaries for workers (SMEs)

* This window is only for bursaries for persons already permanently employed in the insurance sector

* The number of students applied for MUST NOT exceed the number of employees listed in the 2020/21 WSP

* Applications must be for programmes meeting the INSETA scarce and critical skills list (see INSETA website www.inseta.org.za)

* Applications will only be accepted for study at South African Public Higher Education (HE) and Universities of Technology (UoTs) institutions from NQF 5 and above qualifications

* Studies at private institutions will be approved for programmes related to the INSETA scarce critical skills list that are not run at any South African Public Higher Education (HE) or and Universities of Technology (UoTs) institutions. This will be evaluated on submission of a motivation and at the discretion of INSETA

* INSETA reserves the right to award funding in support of the sector’s transformational imperatives. Preference will be given to applications from small businesses and previously disadvantaged individuals

* Programmes may only start once INSETA funding has been approved and after submission of all required documentation to INSETA

* Programmes must start by no later than 01 February 2021

 

Section D: Skills programmes for workers (SMEs)

* This window is only for skills programmes for persons already employed in the insurance sector

* The number of learners applied for must not exceed the number of employees listed in the 2020/21 WSP

* Applications must be for programmes meeting the INSETA scarce and critical skills list (see INSETA website www.inseta.org.za).

* Accredited unit standard aligned skills programmes and CHE modules will be funded

* Stakeholder MUST submit a motivation for non-credit bearing skills programmes. Approval of such will be at the discretion of INSETA

* Details of the preferred training provider will be required with the application.

* INSETA assumes no financial responsibility nor will support skills programmes that start prior to written confirmation of funding by INSETA

For more information on how funds are allocated, click here.