AGSMEIS Loan Application 2024 – Requirements and How to Apply
Are you looking for an AGSMEIS loan? Would you like to know how to apply for an AGSMEIS loan? Are you searching for information regarding the Agri-Business/Small and Medium Enterprise Investment Scheme? Would you like to know the requirements and how to apply for Agri-Business/Small and Medium Enterprise Investment Scheme loan 2024? If yes, keep reading to find all the necessary information you need to get started with your application today.
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In this post, you will find all the information you need to know about the AGSMEIS loan, including eligibility criteria, the application portal, and how to successfully apply.
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Table of Contents
What is AGSMEIS?
AGSMEIS is an acronym for Agri-Business/Small and Medium Enterprise Investment Scheme. It 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.
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CBN NISAL AGSMEIS Loan Application Portal
Just like other loan schemes organized by the CBN, the AGSMEIS(Agri-Business/Small and Medium Enterprise Investment Scheme) has an application portal through which interested applicants can apply. The portal is powered by NISAL microfinance bank which is the nation’s microfinance bank used for all CBN-related loans including NYIF. See the application link below.
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Who Can Apply for CBN NISAL AGSMEIS Loan?
The AGSMEIS Loan is meant for those in the following line of business;
- Creative & Art industries; this includes those into;
- Fashion, Beauty
- Apparel & Textile
- Arts & Entertainment
- Industrial & Manufacturing
- Agriculture & Allied Processing
- Automobiles
- Information & Communication Technology
- Telecommunication
- Media & Publishing
- Hospitality
- Catering & Event Management
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How to Apply for AGSMEIS Loan
All interested and eligible candidates are to complete their application form online by visiting the Agri-Business/Small and Medium Enterprise Investment Scheme application portal here
While on the page, click on Apply to start your application process.
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What is the Interest Rate for this Loan?
The interest rate for this loan is 9% per year.
You don’t need collateral to access this loan.
The loan takes a maximum of 2 months to access provided you have completed your training.
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Required Processes to Obtain the Loan
Outside submitting your application for this loan, there are a few things that you are required to do before you can access this loan and they include;
- Get trained – Attend compulsory training with a CBN-certified Entrepreneurship Development Center (EDC). You can find the list of centers here
- Apply for the loan – The Entrepreneurship Development Institute (EDI) guides and assists you in getting all the necessary documents required to secure the loan
- Receive Loan – Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
Do you have questions regarding this loan? Then leave a comment below using the comment box.
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I want support my business
What comprises of Agriculture and allied proceedings?
Can I apply for Hatchery business and Layers I.e production of eggs on a large scale.?
Yes, you can
I am a farmer, I want you to support my farm, if it is possible, that is why am ready to apply for a loan.
Please follow the steps outlined in the article to apply for a loan. Meanwhile, we are not the one giving this loan rather is a CBN based project. Thanks
Please, what type of bank will an applicant use as the beneficiary account. Is it commercial bank, a micro finance etc?
Thanks.
Any commercial bank in Nigeria can be used.
I want support my business
How can I contact EDI for training through the portal
I attended the training program at jewel entrepreneurship and apply for the loan since June last year and uptil now I was not invited for interview.
Can they give u this loan while u have already collected covid19
Yes, you can get this loan too because they are for two different purpose.
Sir, is it true that the applicants for the Agsmeis loans have never been credited On a nutshell, how many months does it takes b4 a loan is diburse to a lucky applicants
I am sadiq i am puoltry farmar i need fund to bust my buissnes
How much is the minimum loan amount
How can I contact you for training purposes
I am a farmer I need this loan to improve my poultry farm pls what do I do
Am interested
I want to do it
Am interested in this but how should I access the need….
We in partnership in enterprise
I need to apply to support my fashion,beauty company
I want to apply for a loan but the potals are closed, I really need this loan so as to boost my business.