AGSMEIS Loan Application Portal: How to Apply and Requirements

The Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) loan is a laudable initiative by the Central Bank of Nigeria (CBN) aimed at providing financial support to agricultural businesses and small and medium-sized enterprises (SMEs). If you’re interested in accessing the AGSMEIS loan, this article will guide you through the process of applying and the requirements you need to fulfill.

The AGSMEIS loan is designed to stimulate economic growth, create employment opportunities, and empower entrepreneurs in Nigeria. It offers favorable interest rates and long repayment tenures to encourage business development.

The loan is available to individuals and businesses operating in sectors such as agriculture, manufacturing, creative industry, education, healthcare, and more

You may also like to check how to access loans from CBN Anchor Borrowers programme.

Please be informed that the CBN AGSMEIS loan application for 2023 is still ongoing, and we are here to guide you on how to apply for the loan.

Through AGSMEIS, you can access a loan of up to N10 million from the CBN. The interest rate is only 5%, and no collateral is required.

Before we proceed to explain how to apply for the CBN AGSMEIS loan, let’s provide you with further clarification by addressing some pressing questions.

What is the aim of AGSMEIS?

The objectives of the scheme are to ensure;

  • Small and medium enterprises have access to finance.
  • Create employment opportunities in Nigeria.
  • Development of agricultural value and sustainable agric practices.
  • Boost the managerial capacity of Agric businesses for national development.

List of sectors eligible for CBN AGSMEIS loan

CBN MSMEs eligible sectors include;

  • Agricultural businesses
  • Health
  • ICT,
  • Education
  • Manufacturing/Production,
  • Services (Hospitality, Restaurants Catering, Services)
  • Mining,
  • Creative Industry (Fashion, Design, Crafts, Entertainment)
  • Others

CBN AGSMEIS Loan Conditions

Here are conditions that must be met begore you can access CBN AGSMEIS;

  • Applicant must have been trained by an Entrepreneur Development Institute (EDI)
  • Must apply for the loan through EDI, and from there the applications will be sent to CBN for processing.
  • Applicants will be called for an interview regarding his/her business, and those qualified will be contacted and given the loan.

Requirements for CBN AGSMEIS loan

Below are the loan requirements for approval and disbursement of funds to applicants;

  • Business must be registered with Cooperate Affair Commission (CAC).
  • Must privide evidence of tax payments
  • Bank Verification Number (BVN)
  • Letter of Introduction
  • Valid government issued ID card
  • Certification by an EDI
  • Passport photo of applicant and guarantor
  • Letter of Guaranty

Who can write letter of introduction for AGSMEIS loan?

Any of the following can write the letter:

  • Your Pastor
  • LGA Chairman
  • Village Head
  • Chief Imam
  • CDA Chairman
  • Senior Civil Servant (above level 14)

AGSMEIS loan interest rate and duration

The loan interest rate is 5% for the first five years. Example: If you obtain N1million loan, you will pay back N1million + N50,000 throughout the duration of the loan.

How to apply for AGSMEIS loan

Below are steps to apply for CBN AGSMEIS loan;

1. Apply for loan as EDI

Apply through Entrepreneurship Development Institute (EDI); they will help you to secure the loan. Click Here, to apply and for more information about the loan.

2. Apply as applicable

To apply as an individual applicant, kindly click here, to fill the application form.

3. Receive funds

Loans are paid into the bank account of the beneficiaries.

4. Get business support services

The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.


The AGSMEIS loan presents a significant opportunity for entrepreneurs and SMEs in Nigeria to access affordable financing for business growth.

By understanding the application process and fulfilling the requirements, you can increase your chances of securing the loan.

Remember to develop a comprehensive business plan and submit all necessary documents accurately. Embrace this opportunity to boost your business and contribute to the economic development of Nigeria.

37 thoughts on “AGSMEIS Loan Application Portal: How to Apply and Requirements”

  1. Pls i need this loan but i don’t have all those criterials that they are looking for, pls what will i do do, I’m into poultry business but i need money to expand the business so that i can employ the needy and the less previlege in my community in order to help them too. This my no: 08136819123


    God Bless, my name is David from Ebonyi state, I am resident in onitsha Anambra state, I need training on fishery and a loan to startup, I’m 31rs old and I’m a Nigerian, I am backed by the grace of God,anyone who chooses to help God will reward immensely, thanks for your understanding.

  3. Musa Usman D.

    I am Musa Usman applied for agsmeis loan since last year,received registration Comfirmation on 2/12/2020.and also another registration to participate in agsmeis on 15/02/2021,where they told us that they will get back to us verysoon but up till now no any response.

  4. Hello!goodday.I m by name WONAH Kevin who has applied for AGSMEIS loan since last year oct-2020 through NDE,got trained, issued certificate and a business plan booklet,then I was told that the MD of nirsal mfb bank will call me for screening but up till now I haven’t heard from any body.Call me today and keep me up date, 08132739049

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