He also stated that the disbursing entity, under the programme, shall be the Bank of Agriculture (BOA).
“Target beneficiaries for this programme shall be labour-intensive micro or small enterprises (MSEs), operating in the real sector. These shall ideally be innovative value-added products that are establishing footprint in the Nigerian market, and require additional funds to increase output,” the Director General said.
He therefore called for applications from all suitably qualified micro, small enterprises located in the Federal Capital Territory (FCT), Kaduna and Oyo states to apply for the programme.
Dr.Radda also said that prospective beneficiaries, who must be registered with SMEDAN, will get the loans on business-friendly terms, including waiver of collaterals.