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CONFUSION erupted at the National Entrepreneurship Development Company Ltd (Nedco) yesterday after a media release announced the closure of its Micro and Small Business (MSB) Grant Scheme, a decision that both the Minister of Labour and the newly appointed board chairman say was never approved by them.

According to Nedco’s website, the MSB Grant Scheme was established by the Government to support entrepreneurs in Trinidad and Tobago by providing financial assistance and resources. The grant is open to individuals with a business idea, a start-up, or an existing business.

The release stated that the scheme had been closed and that applications already submitted were under review for final selection.