AGSMEIS LOAN SCHEME 2021|2022

Filed in Blog by on April 3, 2021 0 Comments

AGSMEIS LOAN SCHEME 2021|2022

Grow your company with AGSMEIS LOAN SCHEME, your real MSME partner, a sustainability initiative and job creation

 What is AGSMEIS?

The Agri-Business/Small and Medium Enterprise Investment Scheme is a federal government programme designed to support the Federal Government’s efforts and policy initiatives to promote agricultural companies and small/medium enterprises (SMEs) as platforms for long-term economic growth and job creation.

Get access to AGSMEIS LOAN SCHEME in 6 steps to start and expand your company
  • Get Trained

A Compulsory preparation at a business production centre for the certification of CBN (EDC)

Start a compulsory formation with a business growth centre that is accredited by CBN (EDC).

  • Receive Funds

Lending is deposited into the beneficiaries’ accounts. Feedback is offered to unskilled applicants.

  • Get Business Support Service

The Development Institute of Entrepreneurship helps you execute corporate plans and commercially offer business support services.

  • Make Sales

To repay and benefit, market goods and services.

  • Repay Loan

Run your company, maintain correct documents, track revenue and expenditures to optimize profit and pay the loan back.

FREQUENTLY ASKED QUESTIONS ON AGSMEIS LOAN SCHEME

How do I access the loan?

Interested applicants can go to the connection and build an account, which will allow them to begin the application process, or go to either of the NMFB Accredited EDIs for assistance.

What is the interest rate for this loan?

The interest rate is currently at five per cent (5%) per annum.

Do I need collateral?

No, this loan scheme does not require collateral.

Has disbursement started?

Yes, we have disbursed over N95B and this is still ongoing.

Can the funds be released to me as soon as my loan is approved?

No, the balance of your accepted loan will be deposited into your NMFB account. For the procurement of the equipment/machines, it will be managed by one of the NMFB approved vendors and, after all, terms and conditions are met, working capital funds will be made available to you from your account for withdrawal.

APPLY NOW

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