How to apply CBN AGSMEIS Loan: guides and requirements

AGSMEIS Business Small and Medium Enterprises Investment Scheme CBN loan, guides, website and how to apply.

The Business Small and Medium Enterprises Investment Scheme (AGSMEIS) Loan Registration Portal 2021. The Federal Ministry of Youth and Sports Development has already opened a new application form and registration ports.
All application are to be submitted only on the AGSMEIS official website

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AGSMEIS CBN Loan Registration Requirements

Duly completed application form.
Bank Verification Number (BVN).
Certificate of Training from recognized Entrepreneurship Development Institution (EDI) or evidence of membership of organized private sector
Letter of Introduction from any of the following, Clergy, Village Head, District Head, Traditional Ruler, senior civil servant, etc. (for individuals/ micro enterprises only).
Evidence of registration of business name or certificate of incorporation and filing of annual returns (where applicable) in compliance with the provisions of the Companies and Allied Matters Act (1990).
Tax Identification Number (TIN) and current Tax Clearance Certificate TCC) where applicable.
To qualify to access this fund, you need to have been trained by an Enterprise Development Institute after which you will fill the form. They will submit your form to CBN.
CBN will ask banks to verify your account details and then CBN proceeds to conduct its own assessment.

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CBN AGSMEIS Loan Registration Process 2021

below is the process to qualify and get loan from the AGSMEIS;

  • Get Trained.
    Apply For Loan.
    Receive Funds.
    Get Business Support Services:
    Make Sales.
    Repay Loan.

  • Frequently Asked Questions about the AGSMEIS CBN loan
    Here is a collection of Most Asked Questions about the AGSMEIS Scheme. If you can’t find the question you wish to get answers to, please submit a comment below.

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    How do I access the AGSMEIS CBN loan?

    Interested applicants are to visit and create an account which will enable them start the application process, or visit any of the NMFB Certified EDIs to guide

    What is the interest rate for the AGSMEIS CBN loan?

    The interest rate is currently at five percent (5%) per annum.

    Do I need collateral for the AGSMEIS CBN loan?

    No, this loan scheme does not require a collateral.

    When is disbursement for AGSMEIS CBN loan?

    Currently the AGSMEIS loan has started the disbursement of loans. They have disbursed over N95B and this is still ongoing.

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    Can the AGSMEIS CBN loan be disbursed to my bank account?

    No. Your approved loan amount will be disbursed to your NMFB account. For the purchase of your equipment(s)/machineries, this will be handled by one of the NMFB’s certified Vendors while the working capital funds will be accessible through your account for withdrawal, upon meeting all terms and conditions.

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