Lagos Cares Grants Registration 2021 - apply.lsetf.ng/crgsignup Application Form

LSETF Care Loan 2021 – Providing Support to businesses affected by Covid-19. Apply for one of the Lagos Cares Grant. This is to inform the general public about the ongoing Covid-19 Lagos Care Grant Registration 2021, which is open for interested and qualified applicants.

The program consists of 3 Results Areas (RAs) as defined below:

RA1 – Focuses on Social Protection
RA2 – Focuses on Agriculture and;
RA3 – Focuses on Micro Small and Medium scale enterprises (MSMEs

The Grants falls under three categories;

Credit Grant: This provides credit grants to co-finance up to 40% of new loans given to businesses by qualified financial institutions after the onset of the COVID-19 crisis.

Single grantee limit: Up to ₦100,000 for Micro enterprises,

Up to ₦1million for Small and Maximum of ₦5million for Medium enterprises

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REQUIREMENTS

Micro Enterprises

BVN of Principal
Company Registration where applicable
Evidence of existing business operation.
LASRRA
Evidence of tax payment
Evidence of Existing Loan from qualified Financial institutions

SMES

BVN of Directors
Company Registration
Evidence of existing business operation.
Evidence of Tax Payments
LASRRA of Directors
Evidence of Existing Loan from qualified Financial institutions

Operations Grant: This grant is to Support Operational Expenditure after the onset of Covid-19. This grant aims to incentivize MSEs to reach pre- COVID 19 level of employment. The grant would cover operational costs.

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Operations grants for MSMEs that cover up to 50% of any verifiable/ documented monthly operational cost for 6 months including but not limited to staff salaries; documented utilities; documented private security expenses.

Single grantee limit: Up to ₦150,000 for Micro enterprises,

Up to ₦1.5million for Small and Maximum of ₦5million for Medium enterprises

REQUIREMENTS

Micro Enterprises