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)
- 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
- BVN of Directors
- Company Registration
- Evidence of existing business operation.
- Evidence of Tax Payments
- LASRRA of Directors
- Evidence of Operating Expense Obligations
- Staff PAYE receipt as at Dec 2019 with payment schedule)
- Staff Payee Receipts for the past 3 months
How to Apply for Lagos Career Program 2021
To , visit https://apply.lsetf.ng/crgsignup