Application Deadline: When Is 2021 AGSMEIS CBN Loan Application Closing?

We have received several questions from our audience asking us when the AGSMEIS CBN Loan Application deadline is. In this article, you will be given detailed information about it.

Grow your business with NIRSAL Microfinance Bank, your true MSME Partner. Access CBN loans for small businesses for as low as 9%.

What is AGSMEIS?

The Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation.

Loan Eligibility

Registered business name (Enterprise or Limited Liability)

How Does It Work

Step 1

Get Trained

Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).

Step 2

Apply For Loan

The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan

Step 3

Receive Funds

Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

Step 4

Get Business Support Services

The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.

Step 5

Make Sales

Sell products and services to pay back loan and make profit.

Step 6

Repay Loan

Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.

Note: Currently, there is no fixed date for the closing of the AGSMEIS CBN Loan Application. This website will update you when the AGSMEIS CBN Loan Application portal stops functioning.

So, keep bookmarking this website for necessary information about AGSMEIS CBN Loan Application.

One comment

Leave a Reply