2021 Federal Ministry of Agriculture/CBN Commercial Agriculture Credit Scheme(CACS). APPLY NOW

2021 Federal Ministry of Agriculture/CBN Commercial Agriculture Credit Scheme(CACS). APPLY NOW

Federal Ministry of Agriculture/CBN Commercial Agriculture Credit Scheme(CACS).

We are pleased to inform you that Applications are invited from interested and qualified candidates for 2021 Federal Ministry of Agriculture/CBN Commercial Agriculture Credit Scheme(CACS). APPLY NOW

CBN/Federal Ministry of Agriculture Commercial: As an agricultural business owner, you can be a beneficiary of the CACS N200 billion Fund. This facility was established by the CBN and Federal Ministry of Agriculture to fast track the development of the agricultural sector in Nigeria by giving loans support to businesses like yours.

Apply;FG REOPENS PORTAL FOR COVID-19 TARGETED CREDIT FACILITY FRESH APPLICATIONS.  APPLY NOW

About the Award:

  • Maximum obligor limit is N2 billion for medium and large scale private sector enterprises while there are no limits for state governments.
  • As a participating private sector entity, you must have a minimum farm asset base of N50million (excluding farm land).
  • Irrevocable Standing Payment Order is required in the case of State Governments.

Type: Entrepreneurship

2021 Federal Ministry of Agriculture/CBN Commercial Agriculture Credit Scheme(CACS).

Eligibility:

  • Medium or Large Scale Commercial Farms involved in cultivation of crops, rearing of livestock, fisheries, etc.
  • Limited Liability Companies involved in agricultural production, storage, processing, marketing and enterprise development.
  • State Governments and the FCT (for on-lending/special intervention to small scale farmers).

Eligible Countries: Nigeria

Number of Awards: Numerous

Features

  • Maximum obligor limit is N2 billion for medium and large scale private sector enterprises while there are no limits for state governments.
  • As a participating private sector entity, you must have a minimum farm asset base of N50million (excluding farm land).
  • Irrevocable Standing Payment Order is required in the case of State Governments.

See;CALL FOR APPLICATION AT THE ECOWAS PARLIAMENT, ABUJA. Apply Now

Value of Award:

  • Single digit interest rate (9% all-in, max).
  • This fund is available till 2025.

How to Apply:

Required Documents

  • Formal application for a credit Facility.
  • Certificate of Incorporation.
  • Memorandum and Article of Association.
  • Board Resolution to Borrow.
  • Feasibility Study/Business Plan.

Click Here To Apply

Application Deadline: Ongoing

For more information interested applicants are advised to visit CBN/Federal Ministry of Agriculture Commercial Agriculture Credit Scheme page

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