BOA-SMEDAN Matching Fund Application 2024/2025 – Application Portal and How to Apply
Submit your application forms now for the BOA-SMEDAN Matching Fund for an opportunity to access funds with single-digit interest to grow your small-scale business through the help of SMEDAN.
This article will serve as a guide to help get all the information you need regarding BOA-SMEDAN Matching Fund including the requirements and how to apply for the loan.
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Table of Contents
What is BOA-SMEDAN Matching Fund?
The Bank of Agriculture(BOA) and Small and Medium Enterprises Development Agency of Nigeria(SMEDAN) machining fund is a joint intervention fund created by the above-mentioned bodies to create synergy to boost the output of micro and small enterprises (MSEs) across the country.
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Objectives of Matching Fund
The objectives/ purpose of this fund is to help;
- Enhancing enterprise output,
- Competitiveness and
- Create more jobs
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Who Can Apply for this Machining Fund?
Anyone can apply for this program provided you;
- Are labor-intensive micro or small enterprises (MSEs)
- Operating in the real sector.
- Have innovative value-added products that are establishing a footprint in the Nigerian market, and require additional funds to increase output.
- And registered with SMEDAN(registration is ongoing and is free click here to register).
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How Much Can I Get from a Matching Fund?
Applicants can apply for 1.2 million to 5 Million Naira without collateral.
How to Apply For Matching Fund
Interested and eligible applicants for this fund should complete their application form online by visiting the BOA SMEDAN matching fund application portal on https://smedan.simplifiedcredit.net
Note that the application is currently open to residents of Abuja, Kaduna, Oyo State, Imo, and Edo
Application Deadline
The deadline to apply is stated on the official website mentioned above.
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