Getting SMEDAN ₦500,000 – ₦2.5M Matching Funds is very simple. Since then, the federal government has been helping Small and Medium enterprises through various means.
Mr. Olawale Fasanya, the New DG of SMEDAN, made the declaration on Saturday, December 10, when he was speaking on his plan for MSME development in Nigeria.
He stated some of the terms and conditions:
- Target Beneficiaries Definition: Target beneficiaries for this Programme shall be Nano, Micro, and Small Enterprises (NMSEs) operating in the real sector with value-added agricultural products.
- Financing available under the program: Prospective beneficiaries may apply for financing within the range of N500 Thousand to N2.5 million.
- The interest rate applicable to all financing under this program shall not exceed a single digit per annum.
- The financing tenor is for a maximum period of 30 months, effective from the date of the first disbursement. This is inclusive of a moratorium (which may vary between 3 – 6 months, depending on the type of enterprise.
How to Get SMEDAN ₦500,000 – ₦2.5M Matching Funds
Interested persons can >>Click Here to Submit Your Application<<