2021 CBN Agri-Business/Small and Medium Enterprise Investment scheme (AGSMEIS) for Nigerian Youths

Application Deadline: Ongoing

The Agri-Business/Small and Medium Enterprise Investment Scheme 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.

Eligibility Requirements

Get trained by first selecting a CBN-Certified Entrepreneurship Development Institute (EDI)

to guide you through the loan application process and ensure that all your documents are complete.

Eligible Field(s):

Functional Training Areas for Entrepreneurship Development Centers Under AGSM EIS include:

Agriculture & Agro-allied processing 2. Art & Entertainment 3. Automobile Services Fashion and Dressmaking 5. Catering & Event Management 6. Courier & Delivery Services 7. Creative Industry 8. Apparels and Textiles 9. I.C.T 10. Cottage Industry 11. Media 12. Publishing 13. Telecommunications 14. Hospitality 15. Health Services 16. Welding & Fabrication 17. Animal Husbandry 18. Cosmetics, Beauty and Makeup Artistry 19. Electrical and Electronics 20. POP and Tiling 21. Carpentry 22. Masonry

How Does It Work

Step 1 Get Trained
Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).
Step 2Apply For Loan
The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan Step 3Receive Funds
Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
Step 4Get Business Support Services
The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.
Step 5Make Sales
Sell products and services to pay back loan and make profit.
Step 6Repay Loan
Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.