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Approved Business Plan Templates for CBN AGSMEIS-MSMEDF-Other Schemes

Approved Business Plan Templates for CBN AGSMEIS-MSMEDF-Other Schemes

Here is the Approved Business Plan Templates for CBN AGSMEIS, MSMEDF- Other Schemes. The approved business plan templates are what you need now. That means, you have to ignore the traditional business plan templates you have been using. Fortunately, you can get the approved templates from us right away. So, are you interested in any of these loan schemes? Do you need the approved business plan template? If your answer is YES, you have to contact us immediately. So, get the Approved Business Plan Templates for CBN AGSMEIS-MSMEDF-Other Schemes here.

The Purpose:

As a matter of fact, CBN unveils non-interest guidelines for AGSMEIS, MSMEDF, others

  • To create AGSMEIS non-interest fund
  • To increase productivity, create jobs, engender inclusive growth

RELATED SCHEMES:

Guidelines for Non-Interest Financial Institutions Involved:

The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its;

  1. Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS),
  2. Micro, Small and Medium Enterprises Development Fund (MSMEDF),
  3. The Accelerated Agricultural Development Scheme (AADS)
  4. And seven other intervention schemes in its bouquet.

Approved Business Plan Templates for CBN AGSMEIS-MSMEDF-Other Schemes

Furthermore, the issuance of the ten guidelines is a sequel to plans disclosed by the Bank in its June 2020 meeting to unveil a framework that will integrate non-interest window in all its intervention programmes aimed at supporting businesses and households that have been impacted negatively by the coronavirus (COVID-19). In addition, the Bank, in the guidelines for the Operations of the Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS) for Non-Interest Financial Institutions (NIFIs) issued in Abuja, revealed the;

  •  Creation of a Fund to be known as ‘AGSMEIS Non-Interest Fund’ to be domiciled in a dedicated account with the CBN.
  • The guidelines stipulate that each Non-Interest Deposit Bank (full-fledged or window) is to set aside 5% of its profit after tax (PAT) annually as a contribution to the Fund.
  • It added that each Non-Interest Deposit Bank is also to transfer its contribution to the CBN not later than 10 working days after the Annual General Meeting (AGM) of the participating bank.
Approved Business Plan Templates for CBN AGSMEIS-MSMEDF-Other Schemes

Eligible Activities:

  1. Eligible activities under the Scheme are businesses across the agricultural value chain, covering production, inputs supply, storage, processing, logistics and marketing;
  • MSMEs in the real sector including manufacturing, mining and petrochemicals;
  • MSMEs in the service sector including information and communication technology (ICT)
  • And the creative industry as well as
  • Other activities as the Central Bank of Nigeria (CBN) may determine from time to time.

2. Furthermore, according to the guidelines, financing under the Scheme will be for start-ups, business expansion or revival of ailing companies and shall be in compliance with provisions of BOFIA (1991) as amended and the principles underpinning operations of NIFIs

3, The MSMEDF for NIFIs guidelines re aimed to channel low return funds to the MSME sub-sector of the Nigerian economy through participating Financial Institutions (PFIs) to enhance access by MSMEs to financial services.

4. Similarly, the non-interest guidelines for the AADS re aimed at engaging a minimum of 370,000 youths in agricultural production across the country between now and 2023, in order to reduce unemployment among the youths in the country.

Approved Business Plan Templates for CBN AGSMEIS-MSMEDF-Other Schemes

In addition, while the specific objectives of the MSMEDF for NIFIs are to increase the productivity and output of microenterprises, job creation and engender inclusive growth, those of the AADS are to increase agricultural production towards food security, job creation and economic diversification.

Therefore, the non-interest guidelines for the AADS, which’s targeted at Nigerian youth between 18 and 35 years, seek to promote interaction among state governments, the CBN and other stakeholders in the agricultural value chain in each state to enhance job creation in the agricultural sector, with focus on two crops where States have a comparative advantage, among others.

Other non-interest guidelines issued by the CBN  were for

  • The Anchor Borrowers’ Programme:
  • The Credit Support for the Health Sector;
  • Intervention in the Textile Sector;
  • The Real Sector Support Facility (RSSF) revised guidelines (V3);
  • The Real Sector Support Facility (RSSF) through CRR;
  • Non-Oil Export Stimulation Facility (ESF) and
  • The Creative Industry Financing Initiative (CIFI).

Speaking on the guidelines issued by the CBN, the Director, Corporate- Communications-Department, Isaac Okorafor, said the establishment of the non-interest-windows had opened more opportunities for eligible beneficiaries to be considered for funding under all the Bank’s loan schemes

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How to Start this Business:

Finally, now that you have an idea of what you want, what else?  Was the write-up of any help to you? If the write up was of any help to you, then, now is the time to put it into practice. That is to say, it’s time to really generate your business idea. We will help you moderate it. And, if you have one already, it’s time to ride on with your start-up processes.

Therefore, do you want to legalise your business? Yes, get registered with CAC? We will do that for you right away. Again, do you want to get an approved business plan for your business? Ask for one from us immediately.

The Approved Business Plan Template:

Do you know that our business plan templates are of world class and re auto-generated?  In fact, it comes along with all the financial variables and parameters required to start and grow your business. In other words, the charts show you the direction of your business and points your way to improvement.

How to contact us?

This is simple. Call +234 8034347851 or 09053130518. Then bookmark this page for updates. And, it will be better if you could follow us on our Facebook handle for further references. Click here for that.

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