Apply N200Billion CBN Commercial Agriculture Credit Scheme 2022/2023

Apply N200Billion CBN Commercial Agriculture Credit Scheme 2022/2023

In a bid to increase food production for National Food Security (NFS), the apex bank, CBN has launched a Commercial Agriculture Credit Scheme for 2022/2023

The Commercial Agriculture Credit Scheme is aimed at providing quick funds to farmers who aspire to take part in the agricultural development of the nation but lack the funds to do so

Are you a farmer? Do you need money to farm? Do you want to take part in the N200Billion CBN Commercial Agriculture Credit Scheme? If all your answers are a genuine and convincing yes, congratulations, ready all the requirements and expectations of the N200Billion CBN Commercial Agriculture Credit Scheme

The application portal for the N200Billion CBN Commercial Agriculture Credit Scheme is https://cbn.gov.ng/agric_credit_scheme it is very important to note that, the process of getting this loan is open, free, and fair. Meaning, no one can influence it.

The Federal Government has stashed out N200Billion with the CBN, funds are waiting for disbursement, as soon as applicants meet the requirements

 Commercial Agriculture Credit Scheme key agricultural commodities covered under the Scheme are:

Production:

Cash Crops:

Cotton, Oil Palm, Fruit Trees. Rubber, Sugar Cane, Jatropha Curcas, and Cocoa.

Food Crops:

 Rice, Wheat, Cassava, Maize/Soya, Beans/Millet, Tomatoes, and Vegetables

Poultry:

Broilers and Eggs Production

Livestock:

Meat, Dairy and Piggery

Aquaculture:

 Fingerlings and Catfish

Processing:

Feed-mills Development, Threshing, Pulverization and other forms of transmutation for value addition.

Storage:

Commodities, Agrochemicals and Warehousing.

Farm Input Supplies:

Fertilizers, Seeds/Seedlings, Breeder Stock, Feeds, Farm equipment & Machinery.

Marketing:

Agricultural commodities under the focal investment areas

Features

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

Single obligor limit of up to an N2billion for medium and large-scale private sector enterprises and N1billion for state governments.     

The participating private sector entity must have a minimum farm asset base of N50million (excluding farmland).

Irrevocable Standing Payment Order (ISPO) is required in the case of State Governments.    

Fund available till 2025.    

Loan tenor of up to 5 years.

Apply for N200Billion CBN Commercial Agriculture Credit Scheme 2022/2023

Applicants for the N200Billion CBN Commercial Agriculture Credit Scheme must-visit www.cbn.gov.ng/agric

Warning-Portal under repairs and maintenance due to massive applications

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