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Wednesday, April 1, 2015

ARE YOU A MICRO, SMALL OR MEDIUM,BUSINESS OWNER??? DO YOU NEED FINANCAL ASSISTANCE FROM CBN TO START UP YOUR OWN BUSINESS ??? DO YOU NEED MORE FUND TO GROW YOUR BUSINESS??? THEN HERE ARE THE GUIDELINES YOU NEED TO FOLLOW TO QUALIFY YOU TO GET ASSISTANCE FROM CBN.CONTD

1.7 Eligible Enterprises In line with the provisions of the Revised Microfinance Policy, Regulatory and Supervisory Framework for Nigeria, enterprises to be funded under the Scheme include: a) Micro Enterprises b) Small and Medium Enterprises The following are eligible activities under the Fund: Microenterprises 
 Agricultural value chain activities 
 Cottage Industries 
 Artisans 
 Services to hotels, schools, restaurants, laundry etc.
 Renewable energy/energy efficient product and technologies 
 Trade and general commerce 
 Any other income generating enterprise as may be prescribed by the CBN 

7 A maximum of 10% of the Commercial component of the Fund shall be channeled to trade and commerce. This is to ensure that productive sectors of the economy continue to attract more financing necessary for employment creation and diversification of the country’s economic base. Small & Medium Enterprises (SMEs) 
 Manufacturing 
 Agricultural value chain activities 
 Educational institutions 
 Renewable energy/energy efficient product and technologies 
 Any other income generating enterprise as may be prescribed by the CBN Note: Refinancing under this programme is strictly prohibited

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