The Federal Government under the administration of Ahmed Tinubu proudly introduces the groundbreaking Presidential Conditional Loan and Grant Scheme, which is a component of the Presidential Palliative Program aimed at catalyzing financial growth for businesses across Nigeria, including Nano businesses. If you are interested in applying for this scheme, keep reading as we show you the application link portal for Presidential Conditional Loan and Grant.
This initiative signifies a revolutionary approach to economic empowerment, fostering a climate of support and resilience.
Target Sectors
The scheme is designed to benefit a diverse range of businesses, including but not limited to:
- Traders: Single retail marketers, corner shop owners, petty traders, and market men and women in open markets.
- Food Services: Food and vegetable vendors contributing to the vibrant culinary landscape.
- ICT: Business center operators, battery chargers, recharge card vendors, and call center agents.
- Transportation: Wheelbarrow pushers and independent dispatch riders crucial to the logistics sector.
- Creatives: Makeup artists, fashion designers, and dry cleaners adding artistic flair to the economy.
- Artisans: Vulcanizers, shoemakers, painters, and repairers contributing to the skilled workforce.
To ensure the success of the scheme, the Federal Government will collaborate closely with State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representative Members. These stakeholders will utilize the Federal Government’s transparent selection criteria to shortlist beneficiaries from their respective constituents.
The scheme prioritizes inclusivity, with a focus on reaching 70% women and youth, 10% people with disabilities, and 5% senior citizens. The remaining 15% is distributed across other demographics, ensuring a fair and equitable distribution of opportunities.
Application Process
Eligible businesses meeting the selection criteria are encouraged to apply promptly. The Federal Government will diligently review applications and shortlist deserving beneficiaries, providing a streamlined process for businesses to access the financial support they need.
How to Apply for Presidential Conditional Loan and Grant
Follow the links below to either apply for Grant OR Loan.
Join WhatsApp Group for Presidential Palliative Grant and Loan!
Conclusion
The Presidential Conditional Loan and Grant Scheme stand as a beacon of hope, ushering in a new era of financial empowerment for businesses in Nigeria. With its inclusive approach and collaborative efforts, this initiative is set to drive economic growth, supporting businesses of all sizes and sectors across the nation. Apply now to be a part of this transformative opportunity!
You may also like to read: FG Releases Application Portal for N50,000 Conditional Grant, Loan.