GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

How to Apply for CBN CACS Loan through First Bank of Nigeria

Enudi Golden by Enudi Golden
January 11, 2024
in Featured, Headline, Scholarship/ Opportunities, World News
Reading Time: 2 mins read
CBN CACS Loan
31
SHARES
Advertisements

Apply for CBN CACS Loan through First Bank of Nigeria following the guideline below:

 

GoldenNewsNg gathered that The Commercial Agriculture Credit Scheme (CACS) is a loan scheme established by a dual collaboration of the Central Bank of Nigeria (CBN), and Federal Ministry of Agriculture to support and fast track the improvements/development of the agricultural sector of the country.

READ ALSO

Direct Link to Apply for FG NPRGS Initiative Poverty Reduction Program

Direct Link to Apply For FG YouthCred Financial Empowerment 2025

This means that anyone who owns a business in the agricultural sector can easily become a beneficiary of the Commercial Agriculture Credit Scheme (CACS) loan, where two hundred billion naira (N200,000,000,000) funds will be disbursed among successful applicants. Also check How to apply for CBN CIFI loan through GTBank.

Features of CACS loan

  • The maximum limit for medium and large scale private businesses is two billion naira (N2,000,000,000) while State Governments has no limit.
  •  Any private sector entity that wishes to participate must have at least a fifty million naira (N50,000,000) worth of farm asset. This should not in anyway have the cost of farm land attached to the base worth.
  • In the case of State Government Irrevocable Standing Payment Order is required.

Benefits Attached to CACS loan

  • A reduced interest rate of nine percent (9%), maximum interest that can be attached to the loans.
  • Availability of funds from the year 2021 to the year 2025.

Those Qualified to Apply for the CBN CACS Loan 

  • Both medium and large scale commercial farms that are into livestock rearing, cultivation of crops, fishery etc.
  • Any Limited liability company that is into agricultural production, processing, marketing, storage, and development of businesses.
  •  State Governments.

Requirements for CBN CACS Loan application

  1. A formal application for the loan.
  2. Article of Association and a Memorandum.
  3. Certificate of Incorporation.
  4. Business Plan.
  5. Board Resolution to Borrow from the scheme.

How to Apply for Firstbank/CBN Commercial Agriculture Credit Scheme (CACS)

Applicants are to contact the Agric Finance Desk via Email, or fill the online form directly on the official portal.

The email address is agric@firstbanknigeria.com while the link to the online contact form is https://www.firstbanknigeria.com/contact-

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

100 Happy New Month Prayers For April 2021, New Month Messages, Wishes

Next Post

Exited N-Power Beneficiaries Set To Protest Over Nexit Fund

Related Posts

Direct Link to Apply for FG NPRGS Initiative Poverty Reduction Program

Apply for FG NPRGS Initiative Poverty Reduction Program

If you've been looking for a solid opportunity to upgrade your skills, earn a living, and break free from poverty,...

Read moreDetails

Direct Link to Apply For FG YouthCred Financial Empowerment 2025

YouthCred Financial Empowerment 2025

The Direct Link to Apply for FG YouthCred Financial Empowerment 2025 can be accessed below..   If you're a young...

Read moreDetails

Direct Link to Apply for FG Consumer Credit Scheme CrediCorp Loan 2025

Direct Link to Apply for FG Consumer Credit Scheme CrediCorp Loan 2025

The Federal Government of Nigeria has officially launched the Consumer Credit Scheme under the Nigeria Consumer Credit Corporation (CrediCorp) to...

Read moreDetails

FG to Empower 400,000 Youth with Consumer Credit from July 2025 – Here’s What You Should Know

FG to Empower 400,000 Youth with Consumer Credit from July 2025 – Here’s What You Should Know

The Federal Government has announced plans to launch a new youth-focused consumer credit scheme that will empower over 400,000 young...

Read moreDetails

NSCDC, Immigration, Fire & Prisons Recruitment 2025: Portal, Requirements & How to Apply

NSCDC, Immigration, Fire & Prisons Service Recruitment Portal 2025

The Federal Government is set to begin another round of recruitment into some of its key paramilitary agencies. These include...

Read moreDetails

FG Extends CEDF Application deadline to June 30, 2025 – Grants, Loans, Equity Funding Still Available for Nigerian – APPLY NOW

FG Extends CEDF Application deadline to June 30, 2025 - Grants, Loans, Equity Funding Still Available for Nigerian - APPLY NOW

The Federal Government of Nigeria has announced an extension of the application deadline for the Creative Economy Development Fund (CEDF)...

Read moreDetails

NNPC/TotalEnergies Scholarship 2025: Fully Funded Opportunity for 100 & 200 Level Undergraduate Students in Nigeria – APPLY HERE 

NNPC/TotalEnergies Scholarship 2025: Fully Funded Opportunity for 100 & 200 Level Undergraduate Students in Nigeria - APPLY HERE 

Are you a Nigerian undergraduate student in your first or second year of study? If yes, there's a golden opportunity...

Read moreDetails

FME TVET Application Portal: Everything You Need to Know to Get ₦45,000 Stipend

FME TVET Application Portal: Everything You Need to Know to Get ₦45,000 Stipend

This Post is a complete breakdown of FME TVET Application Portal 2025, how to apply, and get ₦45,000 Monthly Stipend....

Read moreDetails

Call for Applications: NMFB “Cash Now-Now” Loan 2025 – Up to ₦300,000 for Petty Traders, Kiosk Owners & Artisans

Cash Now-Now” Loan 2025

Are you a petty trader, artisan, or kiosk owner in Nigeria struggling with capital? The NIRSAL Microfinance Bank (NMFB) has...

Read moreDetails

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)   With millions of Nigerians living below the...

Read moreDetails
Load More
Next Post
Nexit News For Today Thursday 30th June 2022

Exited N-Power Beneficiaries Set To Protest Over Nexit Fund

SEARCH ADS

Latest Posts

Apply for FG NPRGS Initiative Poverty Reduction Program
Headline

Direct Link to Apply for FG NPRGS Initiative Poverty Reduction Program

YouthCred Financial Empowerment 2025
Headline

Direct Link to Apply For FG YouthCred Financial Empowerment 2025

News

Gov Bago celebrates Vatsa @64

Direct Link to Apply for FG Consumer Credit Scheme CrediCorp Loan 2025
Headline

Direct Link to Apply for FG Consumer Credit Scheme CrediCorp Loan 2025

FG to Empower 400,000 Youth with Consumer Credit from July 2025 – Here’s What You Should Know
Headline

FG to Empower 400,000 Youth with Consumer Credit from July 2025 – Here’s What You Should Know

NSCDC, Immigration, Fire & Prisons Service Recruitment Portal 2025
Headline

NSCDC, Immigration, Fire & Prisons Recruitment 2025: Portal, Requirements & How to Apply

FG Extends CEDF Application deadline to June 30, 2025 - Grants, Loans, Equity Funding Still Available for Nigerian - APPLY NOW
Headline

FG Extends CEDF Application deadline to June 30, 2025 – Grants, Loans, Equity Funding Still Available for Nigerian – APPLY NOW

NNPC/TotalEnergies Scholarship 2025: Fully Funded Opportunity for 100 & 200 Level Undergraduate Students in Nigeria - APPLY HERE 
Education

NNPC/TotalEnergies Scholarship 2025: Fully Funded Opportunity for 100 & 200 Level Undergraduate Students in Nigeria – APPLY HERE 

Federal Government LEEP Program 2025 – Apply Now for Skills Training, Job Opportunities & Empowerment
Jobs

Federal Government LEEP Program 2025 – Apply Now for Skills Training, Job Opportunities & Empowerment

FME TVET Application Portal: Everything You Need to Know to Get ₦45,000 Stipend
Jobs

FME TVET Application Portal: Everything You Need to Know to Get ₦45,000 Stipend

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News