Check Out the CBN/Federal Ministry of Agriculture Commercial Agriculture Credit Scheme 2021

Check Out the CBN/Federal Ministry of Agriculture Commercial Agriculture Credit Scheme 2021

 

The CBN/Federal Ministry of Agriculture Commercial Agriculture Credit Scheme (CACS) N200 billion Fund that is accessible by agricultural business owner. 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 to support to businesses.

READ ALSO: FG to Increase Agric Extension Workforce 

The Maximum limit is N2 billion for medium and large scale private sector enterprises while there are no limits for state governments.

APPLICATION DEADLINE: On going

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 intervention to small scale farmers).

READ ALSO: What CBN said Over the Alleged Fraud of N3bn Agric Loan, in Bayelsa

Required Documents

Formal application for a credit Facility.

Certificate of Incorporation.

Memorandum and Article of Association.

Board Resolution to Borrow.

Feasibility Study/Business Plan.

BENEFITS:

Single digit interest rate (9% all-in, max).

This fund is available till 2025.

APPLICATION:

Click Here to apply and further information.

 

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