What is AGSMEIS?
The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation
How Does It Work
Step 1Get Trained
Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).
Step 2Apply For Loan
The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan
Step 3Receive Funds
Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
Step 4Get Business Support Services
The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.
Step 5Make Sales
Sell products and services to pay back loan and make profit.
Step 6Repay Loan
Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.