Application for BOI RAPID Renewed Hope FG Loan 2024 is online and applicants are to submit their application through Bank of Industry Rapid Renewed Hope Loan application Portal at rapid.boi.ng
The objective of the programme is to assist communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, contribute to national growth and tame insecurity arising from youth restiveness. The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations. In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.
Aims and Objectives of Rural Area Programme On Investment for Development (RAPID)
Empowerment
- Provide resources, skills, and opportunities to buisnesses local in rural areas , particularly MSMEs, with focus on Youth and Women entrepreneurs.
Job Creation
- Stimulate job creation, particularly for youth and women, through the growth and expansion of rural enterprises.
Economic Diversification
Promote the development of diverse economic activities beyond traditional agriculture in rural areas.
Financing Program for Micro and Small Businesses, as well as Community Groups
Get funding and support for projects to grow micro and small businesses, and develop community infrastructure.
Target Market
- Micro and Small Businesses
- Community Groups in Rural Areas
Features
- Tenor: maximum of 3 years
- Interest Rate: 5% per annum
Eligibility Criteria
- Completed Application Form
- Business Plan
- Acceptable Means of Identification
- BVN and NIN
- Proof of Residential Address
- Completed Guarantor Forms
- Other Terms and Conditions Apply
How to Apply FOR Federal Government Rapid Renewed Hope Loan 2024
To submit your application, visit Bank of Industry Rapid Renewed Hope Loan website/portal below:
Or
Bank of Industry Rapid Renewed Hope Loan Registration Portal
Apply Now – Application closes May 29, 2024.
Email: [email protected] | Call: 0700-CALL-BOI | 0700 225 5264
switchboard: (+234)-02-012715070-71
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