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Link to Apply for FG RAPID Program 2024| rapid.boi.ng

by myeduproject May 19, 2024
written by myeduproject May 19, 2024
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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.

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