CBN Loan Application Form via the Ministry of Youth and Sports to promote Agri-Business or SME 2020
CBN Loan Application Form via the Ministry of Youth and Sports to promote Agri-Business or SME 2020 – There is a loan opportunity to all citizens of Nigeria who owns, operates a household or Small and Medium Enterprise (SME). Through the help or assistance of the Federal Ministry of Youth and Sports Development, you will have access to Central Bank of Nigeria AGSMEIS (Agri-Business/Small and Medium Enterprise Investment Scheme). All you need to apply successfully for this great opportunity as contained in this article.
Contents
What is AGSMEIS?
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 for Ministry of Youth and Sports CBN Loan Application Form
- All applicants must be citizen of Nigerian?
- You must own/operate a household or SME business or enterprise
- You would you like a 1M-10M Naira one digit loan facility
- Do you need help applying for the CBN AGSMEIS Agricultural loan or N50 billion covid-19 loan facility for household and SME business? The FMYSD can help you achieve your dreams.
How Ministry of Youth and Sports CBN AGSMEIS Loan Application Form 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 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.
How do I access the Loan?
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.
What is the interest rate for this loan?
The interest rate is nine percent (9%) per annum.
Do I need collateral?
No, this loan scheme does not require collateral.
How long will it take to receive funds?
This loan scheme is designed to be easily accessible. The entire process is automated. From application submission to disbursement takes six(6) to eight(8) weeks.
Has disbursement started?
Yes we have disbursed over N25B and this is still ongoing.
How to Apply for How Ministry of Youth and Sports CBN AGSMEIS Loan Application Form
Interested and eligible persons should CLICK HERE TO APPLY
Closing Date for Ministry of Youth and Sports CBN AGSMEIS Loan Application Form
There is no specified closing date for application.
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