Thu. Dec 8th, 2022

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

 

First Bank/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.

ALSO READ: Apply for The Central Bank of Nigeria (CBN) 2021 Agri-Business/ MSME Investment Scheme (AGSMEIS)

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 interventione to small scale farmers).
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ALSO READ: Apply for Federal Government’s MSME Survival Fund 

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.

ALSO READ: How to Apply for Nigeria Youth Investment Fund (NYIF)

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

If you want to find out more about the Federal Ministry of Agriculture/CBN/First Bank of Nigeria Commercial Agriculture Credit Scheme CLICK HERE

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Important Notes

  • The above statements are intended to describe the general nature and level of work to be performed by people assigned to this job.
    They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
    All personnel may be required to perform other responsibilities in addition to those specified from time to time, as needed
    • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it. Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web
    • We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
    • Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
    • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
    • Applications submitted after the deadline will not be considered.
    • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
    • Only qualified candidates will be invited for interview
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By Freeman

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