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

Published: 05 Mar 2021 2,673 views

As an agricultural business owner, you can be a beneficiary of the CACS N200 billion Fund. This facility was established by the CBN and Federal Ministry of Agriculture to fast track the development of the agricultural sector in Nigeria by giving loans support to businesses like yours.

1. Maximum obligor limit is N2 billion for medium and large scale private sector enterprises while there are no limits for state governments.
2. As a participating private sector entity, you must have a minimum farm asset base of N50million (excluding farm land).
3. Irrevocable Standing Payment Order is required in the case of State Governments.

CBN/Federal Ministry of Agriculture Commercial Agriculture Credit Scheme

Application Deadline	Not Specified
Country to study
Type	Akwa Ibom
Sponsor	Central Bank of Nigeria (CBN)
Gender	Men and Women

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

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

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

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

Application Documents

1. Formal application for a credit Facility.
2. Certificate of Incorporation.
3. Memorandum and Article of Association.
4. Board Resolution to Borrow.
5. Feasibility Study/Business Plan.

Application Deadline

Not Specified

How to Apply

Interested and qualified? Go to Central Bank of Nigeria (CBN) on www.firstbanknigeria.com to apply