The Central Bank of Nigeria is giving collateral-free loans of up to N3,000,000 (Three million Naira) to small businesses in a scheme called; Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS).

The sum of 66.72 Billion Naira has been disbursed under AGSMEIS to 17,624
beneficiaries as of October 30, 2020.

Introduction

The Scheme supports governments policy measures for the promotion of agricultural businesses, micro, small and medium enterprises (MSMEs) as vehicles for sustainable economic development and employment generation.

Objectives of the Scheme

To improve access to affordable and sustainable finance by Agri-businesses, Micro, Small, and Medium Enterprises (MSMEs).
Create employment opportunities in Nigeria.
Boost the managerial capacity of agri-businesses and MSMEs to grow the enterprises into large corporate organizations in line with the Federal Government’s agenda to develop the real sector and promote inclusive growth.

Eligible sectors/businesses

Agriculture & Agro-allied Processing
Art & Entertainment
Automobile Services
Fashion and Dressmaking
Catering & Event Management
Courier & Delivery Services
Creative Industry
Apparels and Textiles
I.C.T
Cottage Industry
Media
Publishing
Telecommunications
Hospitality
Health Services
Welding and fabrication
Animal Husbandry
Cosmetics, Beauty and Makeup Artistry
Electrical and Electronics
POP and Tiling
Carpentry
Masonry
Kerbs and Electric Pole making


Modalities

Financing under the Scheme shall be for start-ups, business expansion or revival of ailing companies. The terms of the loans shall be as follows:

Loan amount: Up to N3,000,000

Interest: 5% per annum

Tenor: Up to 7 years (depending on nature/gestation period of the project)

Moratorium: Maximum of 18 months for principal and 6 months on interest.

Eligible applicants shall pick-up and submit a completed application form to the EDIs

APPLY HERE: https://toktok9ja.com/apply-for-up-to-3million-naira-in-nirsal-covid-19-loan-program/

Thanks for this info.

Am in gwagwalada Abuja please how do I get the EDI certificate

go to the office of National directorate of employment.

When will u people stop deceiving
Innocents