The Presidential Palliative Programmes loan Scheme portal reopens and here is how you can apply. If you are an entrepreneur, and you’re wishing to get funding for your existing businesses or start-ups, you can apply for the ongoing Presidential Palliative Programmes.
Here are few thing you can get when you apply for the Presidential Palliative Programmes loan Scheme
- Low-interest loans for micro, small, and medium-sized businesses (MSMEs) and manufacturers.
- Fast remittance
- Access Up than N1,000,000
Also Read: Presidential Conditional Grant Scheme (PCGS) – Portal Reopens
Presidential Palliative Programmes loan Scheme Criteria
Loan up to N1,000,000
- Existing business must be in operation for one (1) year,
- Start-ups must be a registered business
- Provide CAC business registration documents.
- Company’s Bank Statement(s) for a period of one (1) year (for existing business)/ Chief Promoter’s (Director or Business owner) Bank Statement(s) for a period of one (1) year (for startups).
- Have required monthly turnover and other things as may be requested by the bank.
- Personal Guarantee of the promoter
- Acceptance of BVN Covenant (Global Standing Instruction- GSI), and any other thing that may be required by the bank
Loan up to N1billion
- At least 6months business/ corporate banking relationship
- Provide CAC business registration documents
- 12 months bank statement for other bank
- Other documentations that may be required by the bank.
How to apply For the Presidential Palliative Programmes loan Scheme
to apply for the ongoing Presidential Palliative Programmes loan Scheme, visit Application Portal to submit your application