Latest News on Payment Date For FG Grant And Loan Scheme
Payment Date for FG Grant and Loan Scheme:
- The payment date for the FG Grant and Loan Scheme is dependent on the applicant’s bank.
- Typically, it is expected to take around 2 weeks for disbursement to be done by the bank if the applicant meets the eligibility criteria.
Application Status:
- Applicants can check the status of their application by logging into their profile on the FG Grant and Loan portal.
- Once the application has been forwarded to the bank for processing, applicants should follow up with their bank for updates.
Presidential Conditional Loan and Grant Scheme:
- Part of the Presidential Palliative Program, this scheme aims to provide financial support to businesses in Nigeria, including Nano businesses.
- The grant amount is N50,000.00 per beneficiary, with a goal to reach one million nano businesses across the 774 local government areas.
- The target beneficiaries include 70% women and youth, 10% people with disabilities, 5% senior citizens, and the remaining 15% distributed to other demographics.
- Manufacturers can receive up to N1 billion for working capital or asset financing.
It’s crucial for applicants to stay informed with the latest updates from the loan management and to follow up with their banks for any updates on the status of their applications.
