Access up to N10 Million to expand an existing business or N3 Million for startup with CBN-NIRSAL AGSMEIS Loan
What is AGSMEIS?
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
Who is Eligible?
Those in agribusiness and SMEs in the following sectors:
|1. Agriculture & Agro-allied Processing||13. Telecommunications|
|2. Art &Entertainment||14. Hospitality|
|3. Automobile Services||15. Health Services|
|4. Fashion and Dressmaking||16. Welding and fabrication|
|5. Catering & Event Management||17. Animal Husbandry|
|6. Courier & Delivery Services||18. Cosmetics, Beauty and Makeup Artistry|
|7. Creative Industry||19. Electrical and Electronics|
|8. Apparels and Textiles||20. POP and Tiling|
|9. ICT||21. Carpentry|
|10. Cottage Industry||22. Masonry|
|11. Media||23. Kerbs and Electric Pole making|
|12. Publishing||24. General Management (applicable to all disciplines)|
How Does It Work
Frequently Asked Questions
Get trained by International Center for Development Affairs (ICDA), a CBN-Certified Entrepreneurship Development Institute (EDI) to guide you through the loan application process and ensure that all your documents are complete.
The interest rate is nine percent (9%) per annum. You can repay the loan in 1 - 7 years.
No, this loan scheme does not require a collateral.
This loan scheme is designed to be easily accessible. The entire process is automated. From application submission to disbursement takes six(6) to eight(8) weeks.
Yes we have disbursed over N25B and this is still ongoing.
Yes but the Entrepreneurship Development Institute (EDI) will guide you through the loan application process and ensure that all your documents are complete.
AGSMEIS Loan Training: NGN10,000
Business Plan Development: NGN5,000
Application Upload: NGN2.000
5 Day Training // Monday - Friday
- The training is scheduled five days with pre-recorded training videos which you can watch from you comfort of your homes and offices.
- You will be added to the WhatsApp group of your class where you can ask questions and connect with your Cohort from 9AM to 5PM Daily.
- At the end of each day, there will be an assessment. After the training your Certificate will be sent to you.
- After your training and certification ICDA will help you begin the process of your loan application.