247 Agricultural Credit Scheme (ACS) Loan Application Form Portal – This article is written to guide you on how to apply on the ongoing 247 Agricultural Credit Scheme (ACS) Loan Application Form using the application portal link in this article below
The 247 Digital Platform for Farmers is Nigeria’s premier Agricultural initiative for Farmers, Incorporated in April 2013. 247 Digital Platforms for Farmers’ leverages modern agriculture to deliver inclusive farming.
247 Digital Platform for Farmers’ understand how momentous the process of farming in Nigeria is suffering farmers and the lack of adequate farming tools and access to funds is deteriorating agricultural activities across the country.
In support of SDGs 8 economic growth, they have designed 247 Agricultural Credit Schemes in order to enable farmers to exploit the untapped potentials of Nigeria’s agricultural sector, reduce inflation, lower the cost of agricultural production (i.e. food items), generate surplus for export, increase Nigeria’s foreign earnings as well as diversify its revenue base.
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The support has come on due time because considering Nigeria has an arable and area of 34 million hectares: 6.5 million hectares for permanent crops, and 28.6 million hectares on meadows and pastures.
Agriculture accounts for about 24 percent of Nigeria’s GDP. It will help greatly toward the growth of the economy of the country and also provide other employment opportunities for young people, thereby reducing the unemployment rate and making Nigeria the food basket of Africa.
REQUIREMENTS FOR APPLICATION
To be eligible for this loan, you must;
You must also meet all the following:
Applicants are automatically not eligible if either of the following applies:
To access loans under 247 ACS, farmers are encouraged to visit the approved website https://www.digitalfarmers.com
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