AGSMEIS, Agri-Business CBN Loan Registration Application Form Portal 2021/2022 – Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) Loan Application Form 2020/2021 is currently ongoing and available for all to apply or register successfully. The guidelines and steps for a successful Agri-Business Loan registration is out.
Contents
Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) is an initiative of the Bankers’ Committee in a bid to support and complement the Federal Governments’ efforts at promoting Agri-businesses/Small and Medium Enterprises as a vehicle for sustainable economic development and employment generation
The guidelines on accessing CBN AGSMEIS Loan also included the Accelerated Agricultural Development Scheme (AADS) and seven other intervention schemes in its bouquet.
The application of the Fund shall be categorized into three broad components. They are debt, equity and developmental components.
The financing limit for CBN AGSMEIS fund loan is N10,000,000 (Ten million Naira)
The mark up interest per annum is 5%
Tenor: Up to 7 years (depending on the nature/gestation period of the project)
Moratorium: Maximum of 18 months for principal and 6 months on mark-up.
All interested candidates can apply by Clicking the link: www.nirsalmfb.caderp.com/ or nirsalbankcbnloan.com
This initiative requires all Deposit Money Banks (DMBs) to set aside 5% of their annual profit after tax (PAT) and as at Dec. 2017, about N26bn has been accrued from all DMBs for the scheme.
The fund is domiciled with Central Bank of Nigeria and below are some the banks contributions in 2017.
GTBank with second highest profit in 2017 after Zenith Bank contributed N6.3 billion out of N170.5 billion profit after tax reported in 2017.
Zenith Bank with N177.9 billion profit in 2017 deposited N5.69 billion for the investment in AGSMEIS while Access Bank contributed N3.2 billion out of N61.99 billion profit reported in 2017.
Sterling bank, with N8.5 billion profit in 2017 contributed N259 million to the AGSMEIS.
Diamond Bank contributing N141m to the pool.
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View Comments
I applied this AGSMEIS but up to now no any response or notification about it.
Are we still going to wait again or our application was expired?
exercise more patience
Kindly assist me I have not gotten any other message after validating my bvn.
Please which loan is still available to apply or access now? Thanks
updates will be given to you regularly