Agriculture or farming is the practice of cultivating plants and livestock. It is a widely known fact that to practice commercial agriculture, a lot of capital (money) is required and that is why Agric Loans and Grants where created to assist the farmers expand their agribusiness and make profits.
Agric Loans and Grants
If you’re in the agriculture business, you know that farming can be expensive. The costs of starting up and running a farm can be really high (expensive), and it’s likely you’ll need financial assistance – especially if you’re new to the industry (a small scale farmer). That’s where an agricultural loan comes in.
- Livestock production.
- Crop production.
- Agricultural economics.
- Agricultural engineering.
Importance of An Agricultural Loan To Farmers
- Buying Farm Equipment
- Purchasing Seedlings/Supplies/Lands
- Marketing Campaigns & Advertising
- Covering Operational Cost
- Investing in Growth & Expansion
The Federal Government is very interested in the Agriculture sector and have mandated the CBN to provide loans and grants to farmers in order to help improve the agriculture sector.
Are you aware that you can get collateral-free loans of up to N5,000,000 (Five Million Naira) from the Central Bank of Nigeria to expand your farm business?
There are various Agricultural Loans and Grants for Nigerian farmers. Check out the list below and apply for the one you are most interested in.
- NMFB Amazon Loan For Women Entrepreneurs in Nigeria- Click Here to Apply
- NMFB OBL Loan Portal Link For Applicants: Click Here to Apply
- CBN Non-Interest Loan 2023 (Apply) – Central Bank of Nigeria : Click Here to Apply
- FirstGem Funds for Women in MSMEs| Get N500K to N3M Loan to Support Your Business : Click Here to Apply
- Top 20 CBN Recognized Websites That Gives Instant Loans Without Collateral In Nigeria : Apply Here
Click on any of the above links to access the application form and also submit your application. After submitting your application, you will have the opportunity to get access to Five Million Naira to help boss your small scale or large scale Agric-Business.
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We hope this article helped you successfully apply for CBN Loan & Grants.
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