How To Apply 247 Agricultural Credit Scheme 2022/2023 (Up to N2 Million)
Are you a small-scale farmer? Do you want to have access to a modern farming platform? Are in interested in making a living from your farming? Do you wish to get credit to sponsor your farming activities?
If all your responses and answers are convincing, satisfactory, and resounding yes! Then congratulations, all you need to do is to follow this post to the very end
It was incorporated in April 2013, the 247 Digital Platform gives Farmers’ leverages on modern agriculture to deliver inclusive farming to produce crops in both domestic and large scale
You can apply for the 247 Agricultural Credit Scheme on this portal https://www.digitalfarmers.com.ng
“In support of SDGs 8 economic growth, they have designed 247 Agricultural Credit Scheme in order to enable farmers to exploit the untapped potentials of Nigeria’s agricultural sector, reduce inflation, lower the cost of agricultural production (i.e. food items), generate surplus for export, increase Nigeria’s foreign earnings as well as diversify its revenue base”
Some Facts About the 247 Agricultural Credit Scheme
It will help greatly toward the growth of the economy of the country
It will provide employment opportunities for young people,
large-scale farmers are also allowed under the scheme to apply directly through the website in accordance with the guidelines.
247 Agricultural Credit Scheme funds are disbursed to farmers and agro-allied entrepreneurs at a single-digit interest rate of 4% percent at a maximum period of three
(3) years repayment period. Applicants who pay back their facilities on the schedule are to enjoy a rebate of 2% percent.
247 Agricultural Credit Scheme 2022 Requirements and Application
To be eligible for this loan, you must be a Nigerian citizen, non-citizen national, or legal resident of Nigeria.
You must be an agricultural producer or family farmer and must have experience in farm business operations for at least three years prior to the application
You must also meet all of the following:
Be unable to obtain credit elsewhere at reasonable rates and terms to meet actual needs, and
Have legal ability to incur loan obligations,
Be the owner-operator of a family farm after loan closing.
Have a satisfactory history of meeting credit obligations, and
Valid means of identification and BVN
Applicants are automatically not eligible if either of the following applies:
Are delinquent on a debt, or
Have outstanding obligations to settle with a financial institution