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How to Access New CBN’s Agric Loan (Limit of N10 Million)



Apply for CBN 2021 Commercial Agriculture Credit Scheme (CACS) N200 billion Fund

In line with the ease of doing business in Nigeria, the Central Bank of Nigeria is making access to agric loans easier with friendly policies.

Kindly visit to apply here


CBN has made some guidelines to Non-Interest Financial Institutions under its Micro, Small and Medium Enterprises Development Fund (MSMEDF) and Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS)

How the AGSMEIS works

Each non-interest Deposit Bank was also to transfer its contribution to the CBN not later than 10 working days after the Annual General Meeting (AGM) of the participating bank.

Eligible activities under the Scheme are businesses across the agricultural value chain, covering production, inputs supply, storage, processing, logistics and marketing.

Others included MSMEs in the real sector including manufacturing, ICT, mining, petrochemicals and the creative industry as well as other activities as the CBN may determine from time to time.

The CBN would create a Fund known as ‘AGSMEIS Non-Interest Fund’ that will be domiciled in a dedicated account with the apex bank. Each non-interest deposit Bank (full-fledged or window) was to set aside 5% of its Profit After Tax (PAT) annually as a contribution to the Fund.

How to access the fund

The application of the Fund shall be categorised into three broad components. They are debt, equity and developmental components.

  • The debt component shall constitute 50% of the fund which shall be disbursed as financings to eligible businesses through Non-Interest Deposit Money Banks.
  • Asset purchased shall be registered with the National Collateral Registry (NCR).
  • Financing limit: N10,000,000
  • Mark-up: 5% per annum
  • Tenor: Up to 7 years (depending on the nature/gestation period of the project)
  • Moratorium: Maximum of 18 months for principal and 6 months on mark-up

Documentation Requirements

  • Letter of Introduction from any of the following: Clergy, Village Head, District Head, Traditional Ruler, senior civil servant etc (for individuals, microenterprises only).
  • Evidence of registration of business name or certificate of incorporation and filing of annual returns (where applicable) in compliance with the Companies and Allied Matters Act (1990) provisions.
  • Duly completed application form.
  • Bank Verification Number (BVN).

Certificate of Training from a recognized Entrepreneurship Development Institution (EDI) or evidence of membership of an organized private sector association.

Bernard Bassey is a graduate of Software Engineering from AfriHUB University, Abuja. He is an expert in field journalism, his interest in socio-politics activities is keen.



  1. Jonathan Ebube

    Thursday, 27 October 2022, 3:05 at 3:05 am

    To enhance the power of food in Nigeria

  2. Jonathan Ebube

    Thursday, 27 October 2022, 3:03 at 3:03 am

    This loan is a of enablement to enhance Agricultural farm growth in our country Nigeria and to make food available for the people.thanks

  3. Mustapha

    Sunday, 19 September 2021, 12:37 at 12:37 pm


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