This is to inform all interested individuals about the 2020 CBN Loan for Agri-Business/Small and Medium Enterprise Investment Scheme Application Form is out, apply/register here. See more details below.
This Application is now ongoing for interested individuals to apply online and get Loan from Federal Government through Federal Ministry of Youth and Sports Development. Do you own an Agri-business, whether small or medium scale, this is your opportunity, grab it now and grow your business to your desired heights.
About CBN AGSMEIS
It is now you get your loan from federal Government to enhance your production. The 2020 Agri-Business/Small and Medium Enterprise Investment Scheme AGSMEIS is establish to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation.
Now that you have known about the CBN AGSMEIS, it is time to apply and know the requirements/qualifications for successful process.
Requirements/Qualifications for CBN AGSMEIS Loan
TO BE AMONG the beneficiaries, you must be citizen of Nigeria by birth
Beneficiaries must own/operate a household or SME business or enterprise
You would you like a 1M-10M Naira one digit loan facility
It is only those that have Financial problem that are require to apply for CBN AGSMEIS Agricultural loan or N50 billion covid-19 loan facility for household and SME business
The CBN AGSMEIS Loan works in 6 ways namely;
Get Trained – Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).
Apply For Loan – The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan
Receive Funds – Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
Get Business Support Services – The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.
Make Sales – Sell products and services to pay back loan and make profit.
Repay Loan – Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.
Application Process for the CBN Loan AGSMEIS
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