Application Open for CBN CACS Loan through FirstBank Agricultural Credit Scheme – Apply Now

Mubashir Shehu

10 months ago

How to Apply for CBN CACS Loan through FirstBank

Application Open for CBN CACS Loan through FirstBank Agricultural Credit Scheme - Apply Now

The Commercial Agriculture Credit Scheme (CACS) is a significant opportunity for businesses in Nigeria’s agricultural sector, offering a total fund of two hundred billion naira. To apply for this loan through FirstBank, follow these steps:

Commercial Agriculture Credit Scheme (CACS) Overview:

The CACS aims to expedite agricultural sector development in Nigeria. The loan program provides a total fund of N200 billion for eligible applicants, with a reduced interest rate of 9% and funds available from 2021 to 2025.

Features of CACS Loan:

Maximum obigor limit for medium and large-scale private businesses is N2 billion.
Private sector entities must have at least N50 million worth of farm assets, excluding farmland cost.
State Governments have no limit on the maximum obigor.

Benefits Attached:

Reduced interest rate of 9%.
Availability of funds from 2021 to 2025.

Those Qualified to Apply:

Medium and large-scale commercial farms.
Limited liability companies in agricultural production, processing, marketing, storage, and business development.
State Governments.

Requirements for CACS Loan Application: