The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative 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
Eligibility
- Get trained by first selecting a CBN-Certified Entrepreneurship Development Institute (EDI) to guide you through the loan application process and ensure that all your documents are complete.
READ – CBN Agricultural Credit Guarantee Scheme Loan
Eligible Field(s)
Functional Training Areas for Entrepreneurship Development Centers Under AGSMEIS include;
1. Agriculture & Agro-allied processing
2. Art & Entertainment
3. Automobile Services
4. Fashion and Dressmaking
5. Catering & Event Management
6. Courier & Delivery Services
7. Creative Industry
8. Apparels and Textiles
9. I.C.T 10. Cottage Industry
11. Media
12. Publishing
13. Telecommunications
14. Hospitality
15. Health Services
16. Welding & Fabrication
17. Animal Husbandry
18. Cosmetics, Beauty and Makeup Artistry
19. Electrical and Electronics
20. POP and Tiling
21. Carpentry
READ – CBN TIES loan: How undergraduates and graduates can apply for CBN TIES loan 2022
Central Bank of Nigeria (CBN) 2023 Agri-Business/ MSME Investment Scheme (AGSMEIS) for Nigerians | https://nirsalmfb.caderp.com/Account/Register
How Does It Work
- Step 1: Get Trained
Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC). - Step 2: Apply For Loan
The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan - Step 3: Receive Funds
Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback. - Step 4: Get Business Support Services
The Entrepreneurship Development Institute assists you to implement a business plan and provide business support services commercially. - Step 5: Make Sales
Sell products and services to pay back loan and make profit. - Step 6: Repay Loan
Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.
Application Method.
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