Following the AGSMEIS Loan Update, FG has Given Out Loan To Thousands of Applicants
GoldenNewsNg report that the Central Bank Of Nigeria, on 27th July 2021, continued its massive payment of the Agri-Business/Small and Medium Enterprise Investment Scheme Loan to all successful beneficiaries accross the federation.
This was confirmed by many applicants of the Scheme who have successfully completed all the procedures required to access the fund. They were credited directly to their bank accounts
All Applicants of the Loan Scheme are adviced to check their loan status by visiting https://agsmeis.nmfb.com.ng, entering their Bank Verification Number (BVN) and clicking on the “Validate” button.
How to Apply For AGSMEIS Loan
The Agri-Business/Small and Medium Enterprise Investment Scheme (AGMEIS) 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.
In order to apply for the AGSMEIS loan, visit the new launched website https://agsmeisapp.nmfb.com.ng by the Nirsal Microfinance Bank, applicants can easily Register and track/monitor their progress in their dashboards even with a simple Smartphone.
The basic and most assuring step in accessing the AGSMEIS Loan is to register with with a CBN accredited Entrepreneurship Development Institute (EDI) in your State. The rest of the steps can be completed through the assistance and services of the EDI.
AGSMEIS Loan Update: FG Gives Out Loan To Thousands of Applicants
How does NMFB AGSMEIS Loan work
The steps below are ways to get access to AGSMEIS loan to start and also grow your business:
- You must get Trained: Attend important, or compulsory training with a CBN-Certified EDC.
- Apply for the loan: Attend training which is compulsory with a CBN-Certified EDC.
- Receiving of funds: loans are paid to the beneficiaries account. candidates who are not qualified are given feedback.
- Get Supportive service from Business:The Entrepreneurship Development institute helps you to implement a plan on business and also provide support service to business commercially.
- Making of sales: You can sell products and render services inorder to pay back loans and make profit.
- Repayment of loan: When running your business keep proper records , monitor sales, and expenses in-order to make maximum profit and re pay loan.
You can now access affordable loans to start and grow your business with NMEFB, your true MSME partner An initiative for suitable employment generation and development.
Check Out Frequently Asked Questions about NMFB AGSMEIS Loan
Here is a collection of Most Asked Questions about the AGSMEIS Scheme. If you can’t find the question you wish to get answers to, please reach us on Twitter.
How do I access the loan?
Interested applicants are to visit https://agsmeisapp.nmfb.com.ng/onboarding and create an account which will enable them start the application process, or visit any of the NMFB Certified EDIs to guide
What is the interest rate for this loan?
The interest rate is currently at five percent (5%) per annum.
Do I need collateral?
No, this loan scheme does not require a collateral.
Do I need collateral?
No, this loan scheme does not require a collateral.
Has disbursement started?
Yes we have disbursed over N95B and this is still ongoing.
