CBN / First Bank Agricultural Support Scheme Application 2022/2023
CBN / First Bank Agricultural Support Scheme Application 2022/2023
CBN / First Bank Agricultural Support Scheme Application – This is a special intervention fund of N300bn established by the Federal Government through the CBN to address the financing needs of start-ups and expansion projects of large enterprises of N500 million up to a maximum of N10 billion.
Also Read: CBN Anchors Borrower's Program Registration Application Form
The real sector activities targeted by the facility are manufacturing, agricultural value chain and selected service sub-sectors (hospitals, schools and hotels).
CBN/First Bank Support Scheme 2022
- Low interest rate to customers (9% all-in, max)
- Available for start-ups
- Long-tenured (up to 15years)
- Obligor limits of between N500m and N10b.
- The scheme is available till December 31, 2030.
READ – CBN Agricultural Credit Support Scheme (ACSS) Loan – Apply Now
Value Proposition/Gain
- Funding provided at cheap cost.
- Very long tenor of loan.
- Funding targeted to start-up projects.
Also Read: What you need to know about NPower Recruitment 2022
Target Market
Large-scale enterprises in the manufacturing, services and agricultural value chain wholly-owned and managed as a Nigerian private limited company registered under the Company & Allied Matters Act of 1990.
How To Apply for CBN/First Bank Agricultural Support Scheme Application 2022
Interested applicants should click the link to apply.
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