Credit Grant Scholarship by Lagos State Employment Trust Fund (LSETF)
Published: 08 Feb 2023
The Lagos COVID-19 Action Recovery and Economic Stimulus (CARES) Program is a state-level intervention that seeks to mitigate the local effects of the COVID-19 worldwide pandemic at the state-level, by protecting the livelihoods of existing and newly poor and vulnerable households and supporting the recovery of local economic activity especially among MSMEs.
The program consists of 3 Results Areas (RAs) as defined below:
- RA1 – Focuses on Social Protection
- RA2 – Focuses on Agriculture and;
- RA3 – Focuses on Micro Small and Medium scale enterprises (MSMEs)
LSETF Credit Grant
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Benefits of LSETF Credit Grant
Credit Grant: This provides credit grants to co-finance up to 40% of performing loans taken by businesses from June 2020 to date, from qualified financial institutions after the onset of the COVID-19 crisis.
- Micro Enterprises: Up to ? 1Million
- SMEs: Up to ? 1Million
Requirements for LSETF Credit Grant
MICRO ENTERPRISES
- BVN of Principal
- Company Registration where applicable
- Evidence of existing business operation.
- LASRRA
- Evidence of tax payment
- Evidence of Existing Loan from qualified Financial institutions
- Minimum of 3 staff
SMES
- BVN of Directors
- Company Registration
- Evidence of existing business operation.
- Evidence of Tax Payments
- LASRRA of Directors
- Evidence of Existing Loan from qualified Financial institutions
- Minimum of 10 staff
Application Deadline
Not Specified
How to Apply
Interested and qualified? Go to
Lagos State Employment Trust Fund (LSETF) on apply.lsetf.ng to apply
If you have any complaints, kindly let us know here
For more details, visit LSETF website
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