CBN AGSMEIS Loan For SME’s, Agricultural Businesses Without Collateral (Apply Here)

The Central Bank of Nigeria has launched Agric Small Medium Enterprise Scheme (AGSMEIS) Loan Application, using the guideline below to Apply.

The CBN Agri-Business and Small and Medium Enterprise (SME) loan application 2020 portal has been opened for registration.

CBN also notified the general public that AGSMEIS loan 2020 is only available through nirsal microfinance bank portal.

About AGSMEIS Loan

The Agri-Business/Small and Medium Enterprise Investment Scheme 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

AGSMEIS Loan Application Requirements

To be able to access this loan, applicants are required to meet up with the requiremnents provided below;

Must be a citizen of Nigeria

Must own small business enterprise

Be ready to access Access up to N10M at 9% per annum from the Agric, Small and medium enterprise scheme (AGSMEIS), an initiative from Central Bank of Nigeria (CBN).

How It Works – Clear Guide on CBN AGSMEIS Loan Application

How do I access the Loan?

Get trained by first selecting a CBN-Certified Entrepreneurship Development Institute (EDI) to guide you through the loan application process and ensure that all your documents are complete.

What is the interest rate for this loan?

The interest rate is nine percent (9%) per annum.

Do I need collateral?

No, this loan scheme does not require a collateral.

How long will it take to receive funds?

This loan scheme is designed to be easily accessible. The entire process is automatted. From application submittion to disbursement takes six(6) to eight(8) weeks.

Has disbursement started?

Yes we have disbursed over N25B and this is still ongoing.

AGSMEIS Loan Closing Date For Application

This loan is currently ongoing and the application closing date is not specified.

How To Apply For CBN AGSMEIS Loan

To apply for this loan, interested applicants are required to do so through the nirsal microfinance bank portal, To Apply, CLICK HERE or the link below... https://nirsalmfb.caderp.com/Account/Register

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