Loans

How to Apply for AGSMEIS Loan in 2022

For Our Readers Who Wants To Live, Work and Study in Canada, Follow The Links Below For More Info


Ways to Immigrate to Canada in 2022


How to Apply for Canada Study Permit in 2022


How Express Entry Works in Canada

Advertisements

Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS) is a loan program between the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank. It loan program that gives loans to interested Nigerians.

The aim is to help them start and build up a good business. The primary aim of the loan program according to CBN, is basically for Agriculture, a still growing enterprise that needs loans to improve production, hence, boosting the economy of the country.

It is important you know that the online application portal for AGSMEIS is now open at agsmeisapp.nmfb.com.ng. In this article, we would outline how to for AGSMEIS loan for 2022.

AGSMEIS Loan Form 2022

The loan form for AGSMEIS is now available in their portal online agsmeisapp.nmfb.com.ng but for you to get access to the loan you are expected to be eligible for it.

Eligible Sectors/ Business for AGSMEIS Loan

If your business is among those listed below, then you have already jumped the first hurdle. Here are the eligible businesses and sectors, below:

1. Fashion and Dressmaking

Advertisements

2. Catering & Event Management

3. Courier & Delivery Services

4.  Creative Industry

Advertisements

5. Agriculture & Agro-allied Processing

6. Art & Entertainment

7. Automobile Services

8. Cottage Industry

9. I.C.T

10. Cosmetics, Beauty, and Makeup Artistry

11. Electrical and Electronics

12. POP and Tiling

13. Carpentry

14. Masonry

15. Media

16. Publishing

17. Telecommunications

18. Hospitality

19. Health Services

20. Welding and fabrication

21. Animal Husbandry

22. Cosmetics, Beauty, and Makeup Artistry

23. Electrical and Electronics

24. Apparels and Textiles

AGSMEIS Loan Requirements

1. You need a valid ID card

2. You have to showcase a business plan provided by EDI

3. BVN

4. Certificate handed out by a CBN-authorized EDI

5. Details of two (2) guarantors.

How to Apply for AGSMEIS Loan 2022

You have to keep in mind that only qualified Nigerians can apply for the Agribusiness/Small and Medium Enterprises Investment Scheme loan. They can apply by following the procedure below:

1. As an applicant you have to attend a CBN-accredited Entrepreneurship Development Institution (EDI).

2. Applicants should register through the CBN-certified EDI.

3. In turn, NIRSAL Microfinance Bank will send the application to CBN via EDI for processing.

3. Those who are eligible for the loan will be called.

4. The last step is to fill out the form with all the details needed, sign it, and have the EDI validate it.

Related: Easybuy Loan App Review (Updated 2022)

Advertisements