October 3, 2022

CBN AGSMEIS Loan Application Form – How to Access CBN AGSMEIS Loan

CBN AGSMEIS Loan Application Form – To Apply and Access CBN AGSMEIS Loan is very simple and easy. 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.

CBN AGSMEIS Loan Application Process

Step 1: Get Trained
It is mandatory for all applicants to attend training with a CBN certified Entrepreneurship Development Institute (EDI), they have centers spread across the country.

Also Read : CBN COVID-19 Loan Application Form – Central Bank of Nigeria

Step 2: Apply For Loan
The Entrepreneurship Development Institute (EDI) will guides and assists you in applying for the loan by getting all necessary documents required for the processing of the loan

Step 3: Receive Funds
The Loan fund is paid into the account of beneficiaries. While unqualified candidates are given feedback.

Step 4: Get Business Support Services
The Entrepreneurship Development Institute (EDI) will assist you to implement the business plan drawn and also provide business support services commercially.

Step 5: Make Sales
You sell your products and services to pay back loans and make profit, beneficiaries are expected to run the business by keeping proper records, monitor sales, and expenses to maximize profit and pay back the loan.

However, You must Get trained by first selecting a CBN-Certified Entrepreneurship Development Institute (EDI) to guide you through the loan application process and ensure that all your documents are complete.

Requirements for CBN AGSMEIS Loan Application Form

•  Duly completed application form.
•  Bank Verification Number (BVN).
•  Certificate of Training from recognized Entrepreneurship Development Institution (EDI) or evidence of membership of organized private sector
•  Letter of Introduction from any of the following, Clergy, Village Head, District Head, Traditional Ruler, senior civil servant, etc. (for individuals/ micro enterprises only).
•  Evidence of registration of business name or certificate of incorporation and filing of annual returns (where applicable) in compliance with the provisions of the Companies and Allied Matters Act (1990).
•  Tax Identification Number (TIN) and current Tax Clearance Certificate TCC) where applicable.
•  To qualify to access this fund, you need to have been trained by an Enterprise Development Institute after which you will fill the form. They will submit your form to CBN.
•  CBN will ask banks to verify your account details and then CBN proceeds to conduct its own assessment.

Also Read : Steps to Apply for CBN COVID-19 Support Loan

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