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Apply for Lagos Cares Grants 2021 –  apply.lsetf.ng/crgsignup

GoldenNewsNG by GoldenNewsNG
January 11, 2024
in Featured, Headline, News, Scholarship/ Opportunities
Reading Time: 3 mins read
Lagos Cares Grants 2021
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Apply for Lagos Cares Grants 2021 following the guideline below:

Lagos Care grant 2021 – is aimed at Providing Support to businesses affected by Covid-19.

This is to bring to your notice about the ongoing Covid-19 Lagos Care Grant Registration 2021, which is open for interested and qualified applicants.

 

The program consists of 3 Results Areas (RAs)

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  • RA1 – Focuses on Social Protection
  • RA2 – Focuses on Agriculture and;
  • RA3 – Focuses on Micro Small and Medium scale enterprises (MSMEs

Lagos Cares Grants 2021  falls under three categories;

Credit Grant: This provides credit grants to co-finance up to 40% of new loans given to businesses by qualified financial institutions after the onset of the COVID-19 crisis.

Single grantee limit: Up to ₦100,000 for Micro enterprises,

Up to ₦1million for Small and Maximum of ₦5million for Medium enterprises

 

Lagos Cares Grants 2021 REQUIREMENTS (Micro Enterprises)

 

  • BVN of Principal
  • Company Registration where applicable
  • Evidence of existing business operation.
  • LASRRA
  • Evidence of tax payment
  • Evidence of Existing Loan from qualified Financial institutions

SMES

  • BVN of Directors
  • Company Registration
  • Evidence of existing business operation.
  • Evidence of Tax Payments
  • LASRRA of Directors
  • Evidence of Existing Loan from qualified Financial institutions

Operations Grant: This grant is to Support Operational Expenditure after the onset of Covid-19. This grant aims to incentivize MSEs to reach pre– COVID 19 level of employment. The grant would cover operational costs.

 

Operations grants for MSMEs that cover up to 50% of any verifiable/ documented monthly operational cost for 6 months including but not limited to staff salaries; documented utilities; documented private security expenses.

Single grantee limit: Up to ₦150,000 for Micro enterprises,

Up to ₦1.5million for Small and Maximum of ₦5million for Medium enterprises

Lagos Cares Grants 2021 REQUIREMENTS (Micro Enterprises)

  • BVN of Principal
  • Company Registration where applicable
  • Evidence of existing business operation.
  • LASRRA
  • Evidence of tax payment
  • Evidence of Operating Expense Obligations
  • Staff Payee Receipts for the past 3 months

SMES

  1. BVN of Directors
  2. Company Registration
  3. Evidence of existing business operation.
  4. Evidence of Tax Payments
  5. LASRRA of Directors
  6. Evidence of Operating Expense Obligations
  7. Staff PAYE receipt as at Dec 2019 with payment schedule)
  8. Staff Payee Receipts for the past 3 months

How to Apply for Lagos Career Program 2021

To , visit https://apply.lsetf.ng/crgsignup

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