Application for CBN 2022 Agri-Business/ MSME Investment Scheme (AGSMEIS)

Application for CBN 2022 Agri-Business/ MSME Investment Scheme (AGSMEIS)

Apply for the Central Bank of Nigeria 2022 Agri-Business/ MSME Investment Scheme

Please note that the CBN AGSMEIS loan application is still ongoing and we're here to show you how to apply for a loan. With AGSMEIS. you can get up to 10 million N10 million loan from CBN. There is only a 596 interest rate without a deposit.

Before we show you how to apply for a CBN AGSMEIS loan, let's give you more clarifications by answering some pressing questions.

Are you in agribusiness? Do you want to start your own small/medium-sized business? If so. relax this article is for you. Make sure to read to the end so you understand what the Agri-Business / MSME Investment Program 2021 (AGSMEIS) is and how it will be implemented.

We are excited to announce to the general public and stakeholders that the Agri-Business / MSME Investment Scheme (AGSMEIS) 2021 portal is now open to Nigerians.

The investment program for agribusiness / small and medium-sized enterprises is an initiative to support the efforts and political measures of the federal government to promote agribusiness and small/medium-sized enterprises (SMEs) as vehicles for sustainable economic growth and job creation.

AGSMEIS Loan Application


To walk you through the loan application process and ensure that all of your documents are complete, get training first by opting for a CBN certified Entrepreneurship Development Institute (EDI).

Eligible Field(s)

Functional Training Areas for Entrepreneurship Development Centers Under AGSMEIS include:

1. Agriculture & Agro-allied processing

2. Art & Entertainment

3. Automobile Services

4. Fashion and Dressmaking

5. Catering & Event Management

6. Courier & Delivery Services

7. Creative Industry

8. Apparels and Textiles

9. I.C.T 

10. Cottage Industry

11. Media

12. Publishing

13. Telecommunications

14. Hospitality

15. Health Services

16. Welding & Fabrication

17. Animal Husbandry

18. Cosmetics, Beauty and Makeup Artistry

19. Electrical and Electronics

20. POP and Tiling

21. Carpentry

CBN AGSMEIS Loan Conditions

Here are conditions that must be met before you can access CBN AGSMEIS;

  • Applicant must have been trained by an Entrepreneur Development Institute (EDI)
  • Must apply for the loan through EDI, and from there the applications will be sent to CBN for processing.
  • Applicants will be called for an interview regarding her business, and those qualified will be contacted and given the loan.

Requirements for CBN AGSMEIS loan

Below are the loan requirements for approval and disbursement of funds to applicants;

  • Businesses must be registered with Cooperate Affair Commission (CAC).
  • Must provide evidence of tax payments
  • Bank Verification Number (BVN)
  • Letter of Introduction
  • Valid government-issued ID card
  • Certification by an EDI
  • Passport photo of applicant and guarantor
  • Letter of Guaranty

Who can write a letter of introduction for the CBN AGSMEIS loan?

Any of the following can write the letter:

  • Your Pastor
  • LGA Chairman
  • Village Head
  • Chief Imam
  • CDA Chairman
  • Senior Civil Servant (above level 14) How Does It Work

Step 1: Get Trained

Attend compulsory training with a CBN certified Entrepreneurship Development Center (EDC). 

Step 2: Apply For Loan

The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan

Step 3: Receive Funds

Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback. Step 4: Get Business Support Services

The Entrepreneurship Development Institute assists you to implement a business plan and provide business support to sendees commercially.

Step 5: Make Sales

Sell products and services to pay back loans and make a profit. Step 6: Repay Loan

Run your business, keep proper records, monitor sales, and expenses to maximize profit, and pay back the loan.

The entire source of this article has been taken from VoiceofNigeria.

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