What is AGSMEIS?
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
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Who is Eligible?
How Does It Works
Frequently Asked Questions
How do I access the Loan?
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.
What is the interest rate for this loan?
The interest rate is nine percent (9%). If you obtain One Million Naira(N1,000,000), you will pay back One Million Ninety Thousand Naira(N1,090,000) throughout the duration of the loan.
Do I need collateral?
No, this loan scheme does not require a collateral.
How long will it take to receive funds?
This loan scheme is designed to be easily accessible. The entire process is automatted. From application submittion to disbursement takes six(6) to eight(8) weeks.
Has disbursement started?
Yes we have disbursed over N1.9B and this is still ongoing.