NYIF New website for Documentation and Uploading of Business Plan for NYIF Applicants 2020,2021/2022 – The Federal Government of Nigeria through its agencies has updated the general public on NYIF (National Youth Investment Fund) Loan Application on the next stage of the application which is documentation and business plan upload.
The latest update for the NYIF grant is that applicants are required to upload their Business plans online as it will be part of the requirements for shortlisting successful candidates.
When is NYIF Loan Business Plan and Documents Uploading Starting?
- 1 When is NYIF Loan Business Plan and Documents Uploading Starting?
- 2 How to Register/Apply for NYIF Loan 2020/2021/2022
- 3 How to Upload NYIF Loan Business Plan 2020/2021/2022
- 4 Next Stage after NYIF Loan Business Plan Upload
- 5 What is Maximum Amount Paid for NYIF Loan 2020/2021
- 6 Lowest amount to be paid for NYIF Loan
- 7 To get more Updates
Uploading of Documents to NYIF Loan Portal will start from Monday, November 30, 2020. You are expected to upload your Business Plan on NYIF Loan Portal.
According to the Minister of Youths and Sports, about 90% of applicants would be selected for training and after which they will become beneficiaries.
In line with that, if selected, you will need one guarantor to enable you benefit or become a beneficiary.
How to Register/Apply for NYIF Loan 2020/2021/2022
If you have not applied or yet to apply for the NYIF Loan visit www.nyif.nmfb.com.ng
How to Upload NYIF Loan Business Plan 2020/2021/2022
The selection preferences/Qualification for the NYIF fund will be determined by your business plan. To upload your business plan to the NMFB NYIF portal, visit https://nyif.nmfb.com.ng/app, login with your details, and then upload your business plan. Your business plan should be in PDF.
If you applied and are yet to receive the training invitation don’t panic as they are coming for everyone who applied.
Next Stage after NYIF Loan Business Plan Upload
- Registration and uploading of business plan.
Note: Your qualification for the fund will be determined by your business plan, so is the amount to be approved for your business.
What is Maximum Amount Paid for NYIF Loan 2020/2021
Maximum accessible amount is 3m (3 million Naira)
Lowest amount to be paid for NYIF Loan
The lowest amount is 250k (N250,000).
Note: The interest Rate is 5%. Moratorium is 12 months while Loan tenure is 36 months.
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