SEIFAC Registration 2024 – Application Portal for SEIFAC/CBN Anchor Borrowers Programme for Smallholders Farmers
Are you looking for SEIFAC Registration 2024? Will you like to know more about the SEIFAC/CBN Anchor Borrowers Programme for Smallholders Farmers? Are you interested in applying for SEIFAC/CBN Anchor Borrowers Programme but wondering how to go about it?
In this post, you will learn more about the SEIFAC/CBN Anchor Borrowers Programme for Smallholders Farmers, including SEIFAC Registration portal, the steps to access the loan and all requirements to get accepted for this Anchor Borrowers Programme.
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Table of Contents
What is SEIFAC?
SEIFAC is an acronym for Smallholder Economic Interest Farmers Agricultural Cooperative. The SEIFAC was established in 2015 with the launch of the CBN Anchor Borrowers’ Programme (ABP) which was launched by President Muhammadu Buhari (GCFR) on November 17, 2015. The ABP is intended to create a linkage between anchor companies involved in the processing and Small Holder Farmers (SHFs) of the required key agricultural commodities. The objective of the ABP is the provision of farm inputs in kind and cash (for farm labour) to smallholder farmers to boost production of these commodities, stabilize inputs supply to Agro-processors and address the country’s negative balance of payments on food. At harvest, the SHF supplies his/her produce to the Agro-processor (Anchor) who pays the cash equivalent to the farmer’s account.
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Why SEIFAC?
The major object of SEIFAC is to organize the Nigerian Smallholder Farmers who are scattered, confused and ravaged by hunger and poverty like a stranded Sheep without a herd and flock.
A group of Smallholder Farmers analyzed the worrisome situation of Nigerian Smallholder Farmers and came up with the strategy of cluster farming called Agricultural Production Cluster (Agro-PC) having studied the concept from developed and developing countries for a good number of years believe the adoption of same in the Nigerian context shall proffer a lasting solution to the plights of the Smallholder Farmers. They domiciled the ownership of SEIFAC in its members. It is therefore the cooperative of the Smallholder Farmers, by the Smallholder Farmers and for the Smallholder Farmers.
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Benefits of SEIFAC/CBN Anchor Borrowers Programme to Members
All farmers who register under the Smallholder Economic Interest Farmers Agricultural Cooperative will enjoy the following;
- Free Membership Registration
- Enjoy Agricultural Mechanization
- Farm up to 5ha with zero investment
- Access Finance for your Farm Enterprise
- Payback at Single Digit Interest (SDI) Rate
- Enjoy Group Dynamism from Cluster Farming
- Timely Disbursement and Inputs Distribution
- Enjoy Insurance Cover for each Cropping Season
- Enjoy savings for the rainy day(s)
- Earn Gratuity and Pension as a Farmer
- Age 18 – 60yrs are eligible to participate
- Get Quick Mobility and Car Loans at SDI Rate
- Get quick loans for Shelter & Housing Projects
- Free Advisory and Extension Services Support
- HMO for all SEIFAC Farmers Medical Treatment
- Forward & Backward Enterprise Market Linkage
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7 Steps to Benefit From SEIFAC – SEIFAC Registration 2024
Follow these steps if you wish to benefit from the Smallholder Economic Interest Farmers Agricultural Cooperative.
- Register online to become a member(offline application is available for those in rural areas)
- Open your SEIFAC Project account and link your BVN if you already have one(this is a bank account with which you receive money for your farm)
- Submit your account online via the SEIFAC portal for verification
- Visit the SEIFAC website 120 days before the start of the next farming season to apply and select one(1) crop you wish to grow in the coming farming season.
- Get assigned to a cluster(group) in preparation for land distribution
- Get land assigned to you to grow your selected crop
- Get Funds disbursed to you to carry out your farming activities for the season and repay your loan amount after harvest and sales.
Who Can Participate In SEIFAC
This programme is open to all Nigerians who are up to 18 years of age. Read how to register below and create your profile to enable you to register as a Member of SEIFAC to qualify for the SEIFAC/CBN Anchor Borrower Programme and other programmes and services of SEIFAC.
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How to Register for SEIFAC 2024 | SEIFAC Registration 2024
All interested farmers/intending farmers who wish to join SEIFAC are to complete their registration online via the SEIFAC website at https://seifac.org/
After registration, you are to login to your profile to apply for your SEIFAC loan for the 2024 farming season.
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List of Crops Available for this Programme
The following plants are available under SEIFAC
- Rice
- Yam
- Maize
- Sesame
- Cassava
- Soybean
- Sorghum
- Groundnut
- Bambaranut
Registration for this programme is a continues one however, uploading of accounts for each farming season loan is between has a fixed deadline which is always stated on the registration portal mentioned above.
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