This writer has compiled comprehensive detail on how you can apply for the ongoing CBN AGSMEIS loan in Nigeria.
CBN AGSMEIS loan application for 2021 is still ongoing, and we are here to show you how to apply for the loan. With AGSMEIS, you can access up to a N10 million loan from CBN. The interest rate is just 5% without collateral.
Before we proceed to show you how to apply for a CBN AGSMEIS loan, let’s give you more clarifications by answering some pressing questions.
Agric Small and Medium Enterprise Scheme (AGSMEIS) is an initiative of the Central Bank of Nigeria (CBN) in a bid to complement the Federal Governments’ efforts at promoting Agric businesses in Nigeria (both small and medium enterprises) as a vehicle for sustainable economic development. The scheme is a voluntary initiative of the Bankers’ Committee which was approved at its 331st meeting held on February 9, 2017.
The scheme – CBN AGSMEIS loan – mandated all banks in Nigeria to set aside 5% of their annual profit after tax (VAT). The primary aim of the initiative is to support the government’s efforts and policy measures toward the promotion of Agric businesses in the country.
The objectives of the scheme are to ensure;
CBN MSMEs eligible sectors include;
Here are conditions that must be met before you can access CBN AGSMEIS;
Below are the loan requirements for approval and disbursement of funds to applicants;
Any of the following can write the letter:
Below are steps to apply for CBN AGSMEIS loan;
Below is the list of CBN EDC centres in Nigeria and their addresses;
Let’s put this to an end, nonetheless, you can get more EDC addresses and contact by visiting https://www.boi.ng/edcpartners.
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