CBN/Federal Ministry of Agriculture 2021 Commercial Agriculture Credit Scheme (CACS)

CBN/Federal Ministry of Agriculture 2021 Commercial Agriculture Credit Scheme (CACS)

Are you an Agricultural business owner in need of funds for your business? Are you having financial challenges in the execution of your business?

Therefore, you can be a beneficiary of the Commercial Agriculture Credit Scheme (CACS) worth N200 billion.

CBN Commercial Agriculture Credit Scheme (CACS)

CBN/Federal Ministry of Agriculture 2021 Commercial Agriculture Credit Scheme (CACS)

Benefits of CBN/Federal Ministry of Agriculture Commercial Agriculture Credit Scheme

  • Firstly, Single digit interest rate (9% all-in, max).
  • Secondly, This fund is available till 2025.

Requirements for CBN/Federal Ministry of Agriculture Commercial Agriculture Credit Scheme Qualification

  • Firstly, Medium or Large Scale Commercial Farms involved in cultivation of crops, rearing of livestock, fisheries, etc.
  • Secondly, Limited Liability Companies involved in agricultural production, storage, processing, marketing and enterprise development.
  • Lastly, State Governments and the FCT (for on-lending/special intervention to small scale farmers).

Documents Required for Application

  • Firstly, Formal application for a credit Facility.
  • Secondly, Certificate of Incorporation.
  • Thirdly, Memorandum and Article of Association.
  • Furthermore, Board Resolution to Borrow.
  • Finally, Feasibility Study/Business Plan.

How to Apply

Therefore, Interested and qualified should visit Central Bank of Nigeria (CBN) on www.firstbanknigeria.com to apply

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