Apply for N10 million CBN AGSMEIS 5% Loan Today.
Apply for N10 million CBN AGSMEIS 5% Loan
Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS).
AGSMEIS is a voluntary initiative of the Bankers’ Committee approved at its 331st meeting held on 9th February, 2017. The Scheme requires all banks in Nigeria to set aside 5% of their profit after tax (PAT) annually.
The initiative is to support the Federal Government’s efforts and policy measures for the promotion of Agricultural Businesses, Small and Medium Enterprises (SMEs) as vehicles for sustainable economic development and employment generation.
The objectives of the Scheme includes:
- To ensure access to finance for Small and Medium Enterprises (SMEs), as these are the engine of growth of the Nigerian economy.
- To generate much-needed employment opportunities in Nigeria.
- To develop agricultural value chain and ensure sustainable agricultural practices.
- Boost the managerial capacity of Agri-Business/SMEs as pipelines of growing enterprises that can become huge corporate organizations.
Read Also: How-to-Apply-for-Covid-19-N50bn-cbn-loan-for-Small-Businesses-and-Individual-Household-in-Nigeria
Activities covered include:
Businesses across the agricultural value chain covering inputs supply, production, storage, processing, logistics and marketing. MSMEs in the real sector including manufacturing, mining and petrochemicals.
MSMEs in the service sector including information and communication technology (ICT) and the creative industry. Other activities as may be determined by the Bankers’ Committee from time to time.
Watch Video To learn How to Access $5000 Grant free of charge from Tony Elumelu Foundation in 2021
Now to access AGSMEIS loan, there are some conditions that must be met.
- Interested applicant must have been trained by an Entrepreneur Development Institute (EDI)
- Interested applicant will apply for loan via an EDI
- The applications will then be sent to CBN for processing
- Applicants will be called for an interview regarding his/her business.
- Those qualified will be contacted and given the loan.
- Fill clearly the new form with all the details required , sign and get them authenticated by EDC
Maximum loan is 10million
Interest rate is 5% per annum
Tenor is 7 yrs
Moratorium is 18 months
Read Also: 25 Things You Need to know about 75Billion Naira MSME Survival Fund to support self-employed persons and MSMEs across Nigeria.
Requirements either during application or before final approval /disbursement
- Registered business with CAC
- Evidence of tax payments
- BVN
- Letter of Introduction
- Letter of Guaranty
- Certification by an EDI
- Passport photo of you and guarantor
- Valid ID card
( Get them ready)
Those qualified to write letter of introduction are any of these
- Your Pastor
- Chief Imam
- LGA Chairman
- CDA Chairman
- Village Head
- Senior Civil Servants Level 14 above
- MD of Blue Chip Companies
Your friend or spouse can write the guaranty letter.
Please note that applicants who submitted last year and was sent a link to provide further details before the last requirements came out do not need to re-submit again.
You can find the link to the form here
The apex bank will contact you if they need more information from you.
Read Also:
1. How-to-Apply-for-Covid-19-N50bn-cbn-loan-for-Small-Businesses-and-Individual-Household-in-Nigeria
2. Watch Video To learn How to Access $5000 Grant free of charge from Tony Elumelu Foundation in 2021
3. BOA-and-SMEDAN-Agro-Processing-Loan
10. Top Ten (10) most profitable Small Scale Businesses in Nigeria
Video Training:How to access covid 19 loans in Nigeria
As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).
Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.
Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.
We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.
Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community
Mission Statement:
- Provide bespoke management and business planning consultancy
- To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
- To inspire, empower and champion entrepreneurship in the global online community.
Business Goals and Objective
- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better
Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness
- Tyre Business Plan in Nigeria - July 27, 2021
- Smoothie Business Plan in Nigeria - July 27, 2021
- Shawarma Business Plan in Nigeria - July 27, 2021
Patrick
Hell Sir, this is Patrick I spoke with some hours ago on phone in respect of Development Bank Loan. Please sir, add me on you facebook as I could not find yours, my ID is Patrick Ezeh Nnamocha. Thanks
Peace David
Please how do I submit the AGSMEIS Loan application form after filling it.
sale humaru
I really want this money am from gwoza I want to use it for business
Onasanya Adekunle
Please what is the first step to take in applying for the CBN Loan please because I’m into Agric. I will like you to get back to me on my email conect2kunle@gmail.com
Nwakamma Emmanuel Chisom
I CHERISH AGRICULTURE SO MUCH ESPECIALLY FISH FARMING, PLEASE , HOW CAN I GET THIS LOAN?
Dayo Adetiloye
Please follow the procedure.
Nwakamma Emmanuel Chisom
THE PORTAL FOR THIS CBN LOAN, IS IT OPEN NOW?
Samuel osara
Appendix
Grace Bassey
please i need this money to invest in a business and more employment
Ojo Temitope
How can i apply for loan? I’m a graduate without job
Salawu A. Adams
Being the first step to access the CBN AGSMEIS loan, how does one get trained by EDI as prescribed?
I am always ready for the training, please.
Dayo Adetiloye
Go to Smedan Office in your state.
Bola
Dear Dayo, i am a new comer in Piggery. I need a loan for expansion. How do i go about this.
Thank you
Micheal orumwense
Please need this money for my agriculture plan please.
Dayo Adetiloye
Read Also: How-to-Apply-for-Covid-19-N50bn-cbn-loan-for-Small-Businesses-and-Individual-Household-in-Nigeria
Here is the information for COVID 19 CBN Loan
Akpan Andikan Nyaudo
Hello sir
I fill the loan form since 2018
I was call last year that I am qualify for the loan
I have done everything that I was asked to do, but uptil now I have no been credited
So pls sir I need your help
Thank you sir
Adewale ayodeji Johnson
Please sir I have qualify for the loan but I have yet receive credited in my account please help me
Dayo Adetiloye
We just give out information here.
We don’t give loans
Patience
Please when is the closing date for the registration.
Aisha saleh
Comment iwas applied idid not see result
Buhari mkhtar Adam
Thank God
Abdullahi
Hello good morning
Abdullahi
I want applied in order to invest my self-defense
SULE SAMAILA
I WANT LOAN TO START BUSINESS PLEASE LET ME GET MY REPLY IN MY GMAIL
Tijani Nasir
how can i access the loan?
nkoli shedrach chukwudozie
I have finish my training with Agsmeis since august last year .Pls what next.
Dayo Adetiloye
Have you applied through your EDI
Hafizu sabo Muhammad
Hello,sir I have everything since 2011 my business plan it’s all ready finished under EDC with curriculum covered during the training. Life skills development, leadership skills, Basic Business management , Entrepreneurial Development, marketing, credit management, insurance, co operative formation, mentoring, community service, Business plan Development All are intate then sani Abacha youth center has retraining me with identification number AP/RT/LA/19/1873
T
MOHAMMED MODIBO
Sir I do my interview me and my friend on 01/06/2020 but no anything up now. Sir from interview to disbursement how many weeks
Abulfatahi ahmad
Bauchi
SULAIMAN SANI ABUBAKAR
i want to applied in order to invest my self defense, please can you half?
Dayo Adetiloye Business Hub
Yes, please go and apply.
Ismail garba
Thanks
Chukwuma
Please have gotten the busines plan in hard copy and pdf. But I’m still waiting for the training and the money