What is AGSMEIS?
The Agaric-Business Small and Medium Enterprise Investment Scheme is an initiative
created to support the Federal Government’s efforts and policy measures for
the promotion of agricultural businesses and small/ medium enterprises
(SMEs) as vehicles for sustainable economic development in Nigeria
WHO IS ELIGIBLE?
Art industries and Creative
-Apparel and textile
-fashion, beauty
-Arts and entertainment
Industrial and manufacturing
-Agricultural and allied processing
-Automobiles
Information and Communication Technology
-Media and publishing
-Telecommunication
Hospitality
-Catering and Event Management
HOW DOES IT WORK
STEP 1- GET TRAINED
Attend a 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
business plan and provide business support services commercially.
STEP 5- MAKE SALES
Sell products and services to pay back loan and make profit.
STEP 6- REPAY LOAN
Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.
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