NYSC Trust Funds Applications Portal – As Corps Member, are you aware of the NYSC Trust Funds.
The NYSC Trust Funds is open to all currently serving Corps Member and prospective Corps Member as well. The NYSC Trust Funds is established to empower thousands of Corps Member. The NYSC Trust Funds would lift over 100 million Corps Out of extreme poverty in the next 10 years of existence.
The NYSC Trust Funds was made known by the NYSC Director of special duties Alhaji Musa Abdullah while addressing Newsmen. According to Alhaji Musa Abdullah, over 500,000 Corps members have been trained under Skills Acquisition Entrepreneurship Development (SAED).
Mr Musa noted that the NYSC Trust Funds is designed to actualise President Buhari vision of lifting young people out of poverty. He continued that to achieve this, special partnership is in place with Bank of Industry (BOI). Also the Central Bank of Nigeria (CBN) would help in providing start-up capital for Successful NYSC.
NYSC Trust Funds Applications Portal/How It’s Works?
The Trust Funds is strictly for Corps members. And such must have participated in;
. Screening session . Four days intensive training of GEF . Submission of a feasible business plans within Bank of Industry (BOI) policy.
NYSC Trust Funds Applications Portal/NYSC Trust Funds Required Documents
The documents required for the NYSC Trust Funds includes;
. NYSC valid I.D . Workable business plan . Supporting NYSC Documents
NYSC Trust Funds Applications Portal/Collateral For NYSC Trust Funds
The NYSC Trust Funds does not require collateral. However the following are essential for consideration and awards if funds.
. NYSC Certificate : Undertaking would be signed by the NYSC Directorate to not release the certificate until loan is fully settled.
. The NYSC Trust Funds required one guarantor not below level 7. Such must be civil servants, bank official, Medical Director, Lawyer, Clergyman, Accountant, Elected public servant, Senior staff of reputable company.
NYSC Trust Funds Applications Portal/How To Apply For NYSC Trust Funds
The NYSC Trust Funds can be assessed through www.boi.ng/apply/nysc-trust-funds