CBN Agri-Business or SME Loan Application Form 2021 – This is to inform the general public to apply for the AGSMEIS loan 2020 through the Federal Ministry of Youth and Sports Development.
This loan is for household or Small and Medium Enterprise (SME).
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 AGSMEIS Loan Application
- 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 the CBN AGSMEIS Loan Application works
- Get Trained – Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).
- Apply For Loan – The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan
- Receive Funds – Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
- Get Business Support Services – The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.
- Make Sales – Sell products and services to pay back loan and make profit.
- 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 AGSMEIS 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 for AGSMEIS Loan?
No, this loan scheme does not require collateral.
How long will it take for me to receive the AGSMEIS CBN loan?
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.
How to Apply CBN AGSMEIS Loan 2021
Interested and eligible persons should CLICK HERE TO APPLY
Closing Date for CBN AGSMEIS Loan Application 2021/2022
There is no specified closing date for application.
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