This is what you need to know

In response to the high royal guidelines for the promotion of investment and employment, especially among young people, the Minister of Tourism, Crafts and the Social and Solidarity Economy, Fatim-Zahra Ammor launched the effective dispatch of the FORSA government program. Here are the details of this ambitious program that will allow 10,000 young project leaders to realize their dream and contribute to the economic recovery of our country.

The FORSA program has a budget of 1.25 billion dirhams for 2022 alone and targets 10,000 projects operating in all sectors of the national economy.

Due to its multifunctional nature, this project will mobilize a network of partners at the regional level, in particular the Regional Investment Centers (CRI), the microfinance organizations and the selected incubators at the regional level, while the roll-out and implementation of the Forsa program is taken care of by the Ministry of Tourism and is governed by the Moroccan Society of Tourism Engineering (SMIT).

Who can benefit from the program?

According to the document describing the available program Hespress UK, it is specified that the FORSA program is open to all and is intended for all Moroccans living in Morocco or abroad, as well as for non-Moroccans living in Morocco and in a regular situation, provided that they are 18 years of age or older .

For target project leaders, the same source states that they can be auto entrepreneurs, co-ops, or very small businesses, new or in business for less than 3 years.

With regard to projects carried out by several members (maximum 5 people), they are also eligible, the document states that all phases of selection and support are carried out with the project manager designated during the submission of the dossier. Funding will be awarded to the project, up to a maximum of 100,000 MAD.

With regard to eligibility for the Forsa program, it is stated that no required diplomas, qualifications or experience are required. All projects contributing to economic recovery and local development are eligible for this program, regardless of the sector of activity, in particular tourism, crafts, social and solidarity economy, culture, trade, e-commerce, industry, digital, agriculture, environmental protection, health, education, education, sports…

How it works ?

To be able to use the Forsa program, the interested party must go through four phases. First selection, then training, then support and incubation and finally financing.

With regard to the first selection phase, it is specified that each of the projects submitted on the platform is examined by experts to ensure the completeness of the dossier, the level of involvement of the candidate, the feasibility of his project and its development potential in the region where it is located.

After analyzing their file, project leaders who meet these requirements are invited for an interview with an expert in their respective regions. The candidates selected after the interviews will have their projects evaluated by a regional committee and the winners will be able to participate in the FORSA program.

As for training, one of the pillars of this program, it is specified that the different sessions planned in e-learning are devoted to all selected projects to allow their leaders to be initiated into entrepreneurship, to structure their projects, identify their markets, learn about the legal forms of their business and prepare their financing plans. Each training module is sanctioned with a certificate, the achievement of which is dependent on a performance evaluation at the end of the module.

This leads to guidance and incubation. At the end of the training, the candidates who have obtained their Certificate of Achievement will be accompanied by a local incubator to finalize their application for funding and present their projects to a special committee, it is explained, noting that the project leaders in need of close support, with promising potential, will benefit from a 2.5 month incubation period before submitting their funding application.

For funding, and at the end of training and incubation for the most innovative projects, the same source states that project leaders are supported in developing their funding file. The file will be assessed by several experts who give their approval for obtaining the honorary loan, specifying the amount they deem appropriate in accordance with the nature and needs of the project.

The funding mechanism consists of a zero-rate honorary loan, up to 100,000 MAD, including a 10,000 MAD grant for all selected projects. The maximum duration of the loan repayment is 10 years, with a grace period of 2 years, the ministry specifies.

An effective way of governance and an ecosystem of experienced partners

From selection to training, to support and follow-up, the document specifies that the process will be based on efficient governance and an ecosystem of experienced partners.

The program will be guided by a strategic committee chaired by the head of government, Aziz Akhannouch, a national steering committee and regional and provincial monitoring committees. The Strategic Committee, chaired by the Head of Government, consists of the Minister of the Interior, the Minister of Economy and Finance, the Minister of Economic Inclusion, Small Enterprises, Jobs and Skills, the Minister of Industry and Trade, the Minister of Tourism and the Minister Delegate to the Minister of Economy and Finance in charge of the Budget.

The National Steering Committee will be chaired by the Minister of Tourism, Fatim-Zahra Ammor, accompanied by the Minister of Economic Inclusion, Younes Sekkouri. The committee also includes among its members the Minister of Industry and Trade, the Minister Delegate to the Minister of Economy and Finance in charge of the Budget, the Wali, Director-General of Territorial Communities at the Ministry of the Interior, the representative of the Head of the government, the director-general of SMIT, the director of the Forsa program and finally the chairmen of project incubators and financiers.

For the regional monitoring committees, chaired by the Walis of the regions, their members include the president of the regional council, the regional directors of external services and public institutions in the sectors covered by the projects, as well as the Regional Investment Center (CRI) as the Forsa unit for program management and support, affiliated with SMIT.

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