Since covid-19, the Federal Government of Nigeria has launched series of intervention funds to help curb the economic effects of the pandemic. Billions of Naira were rolled out as relief funds to both individuals and businesses. While many businesses were beneficiaries of these funds, a lot of businesses are still suffering and trying really hard to survive the pandemic.
Well, not all the loans and funds are completely out of the radar, a few of them are still open. Some are extensions of the already existing ones while others are soft loans with little interest.
Here are some of the funds and loans:
CBN Non-Interest Targeted Credit Facility Loan for SMEs and Households
The Non-Interest Targeted Credit Facility (TCF) Household is a non-interest stimulus package to support Households and small businesses affected by the COVID-19 pandemic. SMEs get N2.5M while Households get N1M.
Full details and how to apply here
FGN Vs Bank of Industry Special Intervention Fund For MSME
The Fund is a Federal Government of Nigeria initiative to provide subsidized loans to SMEs at a single digit (9% per annum) all-inclusive interest rate.Â
Full details and how to apply here
AGSMEIS Loan Application Portal 2021
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.
Full details and how to apply here
We’ll keep updating this page with the latest loans and grants for you. If you don’t want to miss out on any, or you want to get the info while they’re hot and blazing, consider following us on social media:
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