The federal government announced the launch of a N200 billion Presidential Intervention Funds (PIF) for Micro, Small and Medium Enterprises (MSMEs) and manufacturers in the country.
The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, made this announcement on Monday, 22 of April 2024, in Abuja.
According to the Minister, N75 billion will be allocated to MSMEs while N75 billion will be allocated to manufacturers under the Presidential Intervention Fund Programme.
Below is everything you need to know to apply for the Intervention Fund Programme:
1. To apply, applicants should visit the official application portal at www.fedgrantandloan.gov.ng
2. Eligibility Criteria:
3. Security:
4. Repayment Frequency:
5. For Manufacturers (For Loans up to N1 Billion):
Local Banks of Industry in States (Images Below):
