2020 CBN AGSMEIS Federal government 5% loan

CBN loan for Covid 19


CBN AGSMEIS Federal government 5% loan Na true ooo

No more complain for SME’s that there is no money to setup or run my business

No more procrastination …. Apply for CBN AGSMEIS loan 2020 today to setup your new business or take your existing business to the next level

1.9 Billion naira has been disbursed to Nigerians. Solarex Information Technology encourage our entrepreneurs to maximize this opportunity.

What is AGSMEIS?

Agricultural Small and Medium Enterprises Investment 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.

Sectors that are Eligible for this AGSMEIS loan

The following sectors listed below are eligible for this loan

  • 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 2020 can be accessed by following the process below

Interested applicant must have been trained by an Entrepreneur Development Institute (EDI)

Interested applicant will apply for loan via an EDI

Development of Business plan for the loan

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 AGSMEIS Loan 2020 Approval

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.

  1. Registered business with CAC
  2. Evidence of tax payments
  3. BVN
  4. Letter of Introduction
  5. Letter of Guaranty
  6. Certification by an EDI
  7. Passport photo of you and guarantor
  8. Valid ID card

Guidelines to develop your Business Plan

Our organization has setup business plan template of more than 30 different businesses on our server to guide youths on developing their application

Click on the link below for the business plan

http://www.solarexinstitute.com.ng/category/business-plan/

And the other 2 links below will guide you on how to develop your own executive summary and financial plan

For further information click on the link below

https://www.cbn.gov.ng/

For Further enquiries, call us on 07062284261, 07082014770