Link to Apply for FG RAPID Program 2024| rapid.boi.ng
Link to Apply for FG RAPID Program 2024| rapid.boi.ng: When you apply for the Rapid Rural Program on Investment for Development (RAPID), you will be provided with loan for business expansion and growth
The objective of the program is to assist communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, and contribute to national growth and tame insecurity arising from youth restiveness.
The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations.
In addition to financial support, beneficiaries would also have access to business advisory services and training programs to ensure business viability, growth, and sustainability.
When you apply for the Rapid Rural program on Investment for Development (RAPID) is centered on three program;
Empowerment
Provide resources, skills, and opportunities to buisnesses local in rural areas , particularly MSMEs, with focus on Youth and Women entrepreneurs .
Job Creation
Stimulate job creation, particularly for youth and women, through the growth and expansion of rural enterprises
Economic Diversification
Promote the development of diverse economic activities beyond traditional agriculture in rural areas.
Target Market
Micro and Small Businesses
Community Groups in Rural Areas
Features
Tenor: maximum of 3 years
Interest Rate: 5% per annum
Related Posts
>Apply For FG Grant Form 2024 Disbursed Via CBN & World Bank (N2M)
>FG Grant for 2024/2025 Disbursed By CBN/World Bank- Application Form
>CBN Grant Application Form 2024/2025 (Nigerians Only)
Eligibility Criteria
Completed Application Form
Business Plan
Acceptable Means of Identification
BVN and NIN
Proof of Residential Address
Completed Guarantor Forms
APPLY by visiting www.rapid.boi.ng/register
Application closes May 29, 2024.