Lagos Cares Grant 2021 For MSMEs – Apply and Get Up to 5million Naira Loan

Lagos Cares Grant 2021: This grant is to Support Operational Expenditure after the onset of Covid-19. This grant aims to incentivize MSEs to reach pre- COVID 19 level of employment. The grant would cover operational costs.

The only official website to apply is https://apply.lsetf.ng/crgsignup

Operations grants for MSMEs that cover up to 50% of any verifiable/ documented monthly operational cost for 6 months including but not limited to staff salaries; documented utilities; documented private security expenses.

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Single grantee limit: Up to ₦150,000 for Micro enterprises, up to ₦1.5million for Small and Maximum of ₦5million for Medium enterprises

Lagos Cares Grant 2021 will anchor RA3, is aimed at

• providing relief, facilitating the recovery, and enhancing capabilities of local MSMEs
• reduce the vulnerability and cushion the effect of income loss brought about by the ongoing COVID-19 pandemic and its resultant disruption to regular commercial activity.
• 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 Lagos Cares Grant 2021 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)

REQUIREMENTS

MICRO ENTERPRISES

• BVN of Principal
• Evidence of tax payment
• Evidence of Operating Expense Obligations
• Staff Payee Receipts for the past 3 months
• Company Registration where applicable
• Evidence of existing business operation.
• LASRRA

SMES

• LASRRA of Directors
• Evidence of Operating Expense Obligations
• Staff PAYE receipt as at Dec 2019 with payment schedule)
• Staff Payee Receipts for the past 3 months
• BVN of Directors
• Company Registration
• Evidence of existing business operation.
• Evidence of Tax Payments

For more information about the Lagos Cares Grant 2021, kindly send a mail to searchngr24@gmail.com or use the comment box below to write to us and we would give you a reply in a jiffy.