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Commercial Agriculture Credit Scheme

FEATURES

Targeted at Corporate, large and Medium scale farmers/Agro enterprises as well as State Governments.

PRODUCTS BENEFITS
  • Single digit interest rate.
  • Relatively longer period of loan repayment
  • State Governments have a loan limit of N1 Billion to on lend to farmers.
  • Corporate and Commercial Farmers have a loan limit of N2 Billion
REQUIREMENTS
  • Must have an account with the Bank.
  • Have a clear business plan.
  • Provide an expression of interest to participate (for State Governments).
  • Sign an irrevocable standing payment order (for a State Governments)
  • Must have functional structures on ground or set up structures for the deployment of the funds which must include existing registered Cooperative Societies/Unions that must be six (6) months old with proven track records of repayment (for State Governments).


 


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