Recruitment Shortlisted Candidates
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap
Recruitment Shortlisted Candidates
 Earn Cash
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap
Recruitment Shortlisted Candidates
Recruitment Shortlisted Candidates
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap
 Earn Cash

©2022 Soledad, A Technology Media Company – All Right Reserved. Designed and Developed by PenciDesign

Loan And Grant

How to Access NIRSAL Credit Risk Guarantee Agric Business Loan

by myeduproject February 21, 2023
written by myeduproject February 21, 2023
1 comment FacebookTwitterPinterestLinkedinWhatsappTelegram

How to Access NIRSAL Credit Risk Guarantee Agric Business Loan

How to Access NIRSAL Credit Risk Guarantee Agric Business Loan: Farmers can now share their risk or have their losses reduced to the barest minimum by participating in the NIRSAL Credit Risk Guarantee (CRG)

If you are an Agriculturist and want to contain losses, the NIRSAL Credit Risk Guarantee (CRG) got you covered, you can grow or do agric-related business with little to worry about

Long are the days when agriculturists fear producing certain crops due to losses from unforeseen circumstances, the CRG financed by NIRSAL is an instrument issued to protect financiers and investors from possible losses in a finance/credit transaction through a risk-sharing agreement

Features of NIRSAL Credit Risk Guarantee (CRG)

It secures agribusiness loans against losses over the life of the underlying credit contract between financiers and actors across all segments of the agricultural value chain.

It covers credit in the form of term loans, and/or debt instruments such as short, medium, and long-term notes, excluding overdrafts except those with a defined tenor ( eg advances).

It covers the credit risk of default on loan principal and the accrued interest. It is purchased at a 1% CRG fee upfront payment) of the loan value and subsequent outstanding balances of the loan annually, including a 1% PMRO fee for transactions without a warehousing arrangement.

It encourages farmers to lend to agribusiness.

Benefits of NIRSAL Credit Risk Guarantee (CRG) Agric Business Loan

Increases lending to Agriculture, thereby enabling the sector to contribute to Nigeria’s GDP and diversify the economy.

Facilitates access to Interest Drawback (IDB) support for borrowers

Encourages the flow of finance and investment into agriculture

Ensures the reduction of risk for the investor, financial institution, or Counterparty

Aids in fixing broken links in the Agricultural Value Chains (IAVC)

CRG OBLIGORS LIMIT

Processors – 2 billion Naira – 50% of the loan

Integrated Farms – 2 billion Naira – 30% of the loan

Logistics Providers – 2 billion Naira – 30% of the loan

Agro dealers, Input, and Equipment Suppliers – 2 billion – 30% of the loan

Smallholder Farmers and Farmer Groups  5 million Naira – 75% of the loan

Cooperatives – 50 million naira – 75% of the loan

Large Scale Primary Producers – 2 billion Naira – 50% of the loan

Mechanization – 50 million Naira – 75% of the loan

Large scale Mechanization – 2 billion Naira – 50% of the loan

Related Posts

>Nirsal New Website: www.agsmeisapp.nmfb.com.ng -Apply For AGSMEIS Loan

><strong>Link to Apply For NMFB New AFF Agric Business Loan 2023</strong> | CBN Assisted

>Apply For FG Grant Form 2023 Disbursed Via CBN & World Bank (N2M)

>CBN Grant Application Form 2022/2023 (Nigerians Only)

>Lagos Neighbourhood Safety Agency (LNSA) Screening Update 2022

CRG REQUEST & ISSUANCE PROCESS

STEP 1

– Farmer/Agribusiness applies for a loan from a Commercial Bank and requests for NIRSAL CRG cover.

STEP 2

– Bank approves the loan and sends CRG request and relevant documents to NIRSAL on behalf of the farmer/agribusiness.

STEP 3

– NIRSAL reviews Bank’s request and checks documents for completeness, accuracy, and validity.

STEP 4

– If documents are in order, NIRSAL and the Bank conduct farm/site visitation and prepare a report which is subjected to NIRSAL’s internal approval process.

STEP 5

– Upon approval by NIRSAL and payment of the CRG fee, NIRSAL issues CRG in favor of the Bank on behalf of the farmer/agribusiness.

STEP 6

– Bank disburses the loan to farmer/agribusiness and NIRSAL commences project monitoring through its nationwide Project Monitoring, Reporting & Remediation Offices.

How to Access NIRSAL Credit Risk Guarantee Agric Business Loan

Start your journey here

previous post
Nigeria Air force DSSC PDF Final List of Shortlisted Candidates 2023
next post
Link to Apply for Nigeria’s National Agency for the Great Green Wall 2023

Leave a Comment

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

1 comment

Shettima Abdullahi Aminu February 22, 2023 - 5:51 pm

I need money

Log in to Reply

Recent Posts

  • Revive Rural Education Enumerator List of Successful Candidates 2025

    May 12, 2025
  • Link to Apply for Skills to Wealth Program (S2W)| Up to N400,000

    May 12, 2025
  • FCSC Shortlisted Candidates 2025 | Download PDF Final List

    May 12, 2025
  • Nigeria Customs Service Final List| CBT Screening Date & Venue

    May 12, 2025
  • Nigeria Customs Service Screening Date 2025/2026 | NCS Examination Venues

    May 12, 2025
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Terms And Conditions

@2020 - All Right Reserved.

Recruitment Shortlisted Candidates
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap

Read alsox

Supreme Family Entertainment International Initiative (SFEII) Grant...

January 7, 2022