CBN / First Bank Agricultural Support Scheme application

Apply for First Bank/CBN Agricultural Support Scheme
Apply for First Bank/CBN Agricultural Support Scheme

CBN / First Bank Agricultural Support Scheme application – This is an application support scheme sponsor by the CBN and First Bank of Nigeria.

This is a special intervention fund of N300bn established by the Federal Government through the CBN to address the financing needs of start-ups and expansion projects of large enterprises of N500 million up to a maximum of N10.0 billion.

CBN / First Bank Agricultural Support Scheme / Product Information

This is a special intervention fund of N300bn established by the Federal Government through the CBN to address the financing needs of start-ups and expansion projects of large enterprises of N500 million up to a maximum of N10 billion.

Also Read: Access Bank Recruitment Application Guide

The real sector activities targeted by the facility are manufacturing, agricultural value chain and selected service sub-sectors (hospitals, schools and hotels).

CBN / First Bank Support Scheme / Features

  • Low interest rate to customers (9% all-in, max)                  
  • Available for start-ups
  • Long-tenured (up to 15years)
  • Obligor limits of between N500m and N10b.
  • The scheme is available till December 31, 2030.
  • Funding provided at cheap cost.
  • Very long tenor of loan.
  • Funding targeted to start-up projects.

Also Read: CBN Agricultural Credit Support Scheme (ACSS) Loan Application – Apply Now

Large-scale enterprises in the manufacturing, services and agricultural value chain wholly-owned and managed as a Nigerian private limited company registered under the Company & Allied Matters Act of 1990.

How To Apply

Interested applicants should click the link to apply. Or click to apply