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

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Lagos Cares Grant 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.

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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.

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