The Federal Government under the Ministry of Industry, Trade and Investment, has launched the 200 Billion Naira Loan to Boost MSME and Manufacturing Sector for economic growth. The initiative aims to provide financial support to small and medium-sized enterprises (SMEs), including the manufacturing sector, to create more jobs and drive the nation’s economy.
The Presidential Conditional Loan Scheme allocation was divided into two categories: N75 Billion for Small and Medium-sized Enterprises (SME), from N500,000 up to 1 Million Naira and N75 Billion for Manufacturing from N500m up to 1 Billion Naira. The disbursement of the fund to nano businesses has showcased achievements, which support 1 million nano businesses across the country.
The Ministry will continue to Disburse the grant to more beneficiaries this week. According to the statement published by the Minister of Industry, Trade and Investment Dr Doris Anite.
The Presidential MSMEs Loan can apply for up to 1 Million Naira loan, while the Manufacturing Sectors can apply for up to 1 Billion Naira. The fund will be provided by the Bank of Industry (BOI), to support many businesses across the country.
Contents
Read Also: How to Apply for CrediCorp Consumer Credit Loan Application
The Presidential Conditional Loan Scheme is expected to show a significant impact which will contribute to the growth of the economy and the development of the country.
Loan Details:
– MSMEs: Up to N500,000 and 1 Million Naira loans are available for this loan
– Manufacturers: Up to N500 Million and N1 Billion are available for this loan
Our Data Prices On JMData:
- MTN SME 1: N255 per 1GB
- MTN SME 2: N259 per 1GB
- Airtel CG: N278 per 1GB
- Glo CG: N230 per 1GB
- 9mobile: N125 per 1GB
Download Our Mobile APP to get started: [JMData] https://play.google.com/store/apps/details?id=com.encrypted.jmdata
PAWS IS THE NEXT $DOGS
This Mining is the next after #DOGS, Don't Miss it Out
Use this link below to Join 👇👇👇👇👇
https://t.me/PAWSOG_bot/PAWS?startapp=6ZSAPFb3
How to Apply:
To apply for the Presidential Conditional Loan scheme, visit the link loan.fedgrantandloan.gov.ng to apply for the loan.
Contact Details
For more info about the loan eligibility criteria, and another loan issue, you may visit any Bank of Industry (BOI) to ask for more info about the loan.
JOIN NOW
https://t.me/grandcombat_bot/start?startapp=lYRFU96I5w
Google News Channel
Follow us on Google News for Latest Headlines
Join Our WhatsApp, Facebook, or Telegram Group For More News, Click This Link Below;
WhatsApp Channel
https://whatsapp.com/channel/0029VaELqhlHVvTXjDnUf80h
WhatsApp Group
https://chat.whatsapp.com/G6Lo3ss6WKLCOqBphZwQGk
Facebook Page
https://facebook.com/allmedia24news
Our Twitter Page
https://www.twitter.com/allmedia24news
Telegram Group
https://www.threads.net/@allmedia24news
Ya Allah
Thank you so much for your help government