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Nairaland Forum / Nairaland / General / Business / How To Apply For CBN AGSMEIS Loan 2020 Without Collateral - Jobly (5592 Views)
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How To Apply For CBN AGSMEIS Loan 2020 Without Collateral - Jobly by kitanga: 4:08pm On Jan 07, 2020 |
The Agric Small and Medium Enterprise Scheme (AGSMEIS) is an initiative of the Central Bank of Nigeria. CBN AGSMEIS Loan 2020 application is currently ongoing. With the CBN AGSMEIS Loan, you can access up to N10M at 5% per year from the Agric, Small and medium enterprise scheme (AGSMEIS), an initiative from Central Bank of Nigeria (CBN); this is without collateral. What is AGSMEIS (Agric Small and Medium Enterprise Scheme) ? AGSMEIS is an initiative of the Bankers’ Committee in a bid to support and complement the Federal Governments’ efforts at promoting Agri-businesses/Small and Medium Enterprises as a vehicle for sustainable economic development and employment generation. AGSMEIS is a voluntary initiative of the Bankers’ Committee approved at its 331st meeting held on 9th February, 2017. The Scheme requires all banks in Nigeria to set aside 5% of their profit after tax (PAT) annually. The initiative is to support the Federal Government’s efforts and policy measures for the promotion of Agricultural Businesses, Small and Medium Enterprises (SMEs) as vehicles for sustainable economic development and employment generation. Objectives of the AGSMEIS The objectives of the Scheme include : To ensure Small and Medium Enterprises (SMEs)have access to finance To generate much-needed employment opportunities in Nigeria To develop agricultural value chain and ensure sustainable agricultural practices. To boost the managerial capacity of Agri-Business/SMEs as pipelines of growing enterprises that can become huge corporate organizations. CBN AGSMEIS Loan Activities The activities covered by the Central Bank of Nigeria Agric, Small and Medium Enterprise Scheme, AGSMEIS Loan includes; Businesses across the agricultural value chain covering inputs supply, production, storage, processing, logistics and marketing. MSMEs in the real sector including manufacturing, mining and petrochemicals. MSMEs in the service sector including information and communication technology (ICT) and the creative industry. Other activities as may be determined by the Bankers’ Committee from time to time. CBN AGSMEIS Loan Eligibility MSMEs in the following sectors are eligible: Agricultural businesses, Education, Health, Services (Hospitality, Restaurants, Catering, Services, etc), ICT, Manufacturing/Production, Mining, Creative Industry (Fashion, Design, Crafts, Entertainment, etc), etc CBN AGSMEIS Loan Conditions Now to access AGSMEIS loan, there are some conditions that must be met. Interested applicant must have been trained by an Entrepreneur Development Institute (EDI) Interested applicant will apply for loan via an EDI The applications will then be sent to CBN for processing Applicants will be called for an interview regarding his/her business. Those qualified will be contacted and given the loan. Fill clearly the new form with all the details required , sign and get them authenticated by EDC – http://www.edcsouthwest.org/ Note: Maximum loan is 10million; Interest rate is 5% per annum; Tenor is 7 yrs and Moratorium is 18 months. Requirements for CBN Loan Approval of Application and Disbursement of Funds. The following are the Requirements necessary either during application or before final approval of the CBN loan application and final disbursement of funds to an applicant. Registered business with CAC Evidence of tax payments BVN Letter of Introduction Letter of Guaranty Certification by an EDI Passport photo of you and guarantor Valid ID card Who Can Write Letter of Introduction for CBN AGSMEIS Loan? * Your Pastor Read more https://www.jobly.com.ng/cbn-agsmeis-loan-2020-without-collateral/ |
Re: How To Apply For CBN AGSMEIS Loan 2020 Without Collateral - Jobly by Bestnigeriabusi(m): 7:30am On Aug 25, 2020 |
AGSMEIS Loan For SME’s and Agricultural Businesses click here for full details >>> https://www.bestnigeriabusinessplan.com.ng/how-to-access-cbn-agsmeis-loan-for-smes-and-agricultural-businesses/ |
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