Overview
The Federal Government(FG) is supporting farmers and other artisan businesses real time with agricultural loans to help boost their businesses, with access fund of Three Million Naira (N3,000,000), via The Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS). On this page we will be giving and guiding you with details about the scheme requirement and how you can also apply for the loan successfully
The Scheme supports government policy measures for the promotion of agricultural businesses, and micro, small and medium enterprises (MSMEs) as vehicles for sustainable economic development and employment generation.
Objectives of the Scheme
- To improve access to affordable and sustainable finance by Agribusinesses, Micro, Small, and Medium Enterprises (MSMEs).
- Create employment opportunities in Nigeria.
- Boost the managerial capacity of agri-businesses and MSMEs to grow the enterprises into large corporate organizations in line with the Federal Government’s agenda to develop the real sector and promote inclusive growth.
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Eligible sectors/businesses
- Agriculture & Agro-allied Processing
- Art & Entertainment
- Automobile Services
- Fashion and Dressmaking
- Catering & Event Management
- Courier & Delivery Services
- Creative Industry
- Apparels and Textiles
- I.C.T
- Cottage Industry
- Media
- Publishing
- Telecommunications
- Hospitality
- Health Services
- Welding and fabrication
- Animal Husbandry
- Cosmetics, Beauty, and Makeup Artistry
- Electrical and Electronics
- POP and Tiling
- Carpentry
- Masonry
- Kerbs and Electric Pole making
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