P-AADS, Accelerated Agriculture Development Scheme Farmers Loan Registration Form Portal 2020 – Accelerated Agriculture Development Scheme (P-AADS) Farmers Loan application Registration Form Portal is Out for all to register or apply successfully. Central Bank of Nigeria has given guidelines on how to apply for the N2 Billion Farmers Loan successfully. SEE FULL DETAILS BELOW

P-AADS, Accelerated Agriculture Development Scheme Farmers Loan Registration Form Portal 2020

Private Sector-Led Accelerated Agriculture Development Scheme (P-AADS) is created to boost private sector staple food production, industrial raw materials and support food security, job creation and economic diversification.

The bid to address food security and youth unemployment challenges across the country, the CBN introduced the Accelerated Agriculture Development Scheme (AADS) to engage 370,000 youth in agricultural production, in collaboration with state governments.

Requirements/ Criteria for the P-AADS Farmers Loan 2020

Prospective P-AADS participants must:

1. be existing or new firms engaged in agricultural production with proven capacity and bankable proposal
2. Possess acceptable title for contiguous lands of not less than 20 hectares.
3. have good credit record be able to provide the required collateral for participation
4. Provide evidence of capacity to cultivate a focal commodity directly or engagement of farmers, including youths as in-growers or out-growers to cultivate on the land after clearing

Interest Rate: Interest rate under the intervention shall be 5.0% p.a. (all inclusive) up to 28th February 2021.

Interest on the facility from 1st March 2021 shall be 9% p.a. (all inclusive).

NYIF Application Form 2020: Registration Portal for NYIF Loan via www.nyif.nmfb.com.ng

Eligible Commodities for the P-AADS Loan 2020

Agricultural commodities eligible for consideration under the Scheme are:

1. Rice
2. Maize
3. Cassava
4. Cotton
5. Wheat
6. Tomato
7. Poultry
8. Fish
9. Sorghum
10. Oil Palm
11. Cocoa
12. Livestock/Dairy
13. Any other commodities as may be listed by the CBN from time to time

How to ApplyRegister for P-AADS Farmers Loan 2020 for N2billion

Visit www.cbn.gov.ng/p-aads to access the application registration guidelines but the new link for the registration officially will be released soon

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