How to Apply For the AGSMEIS Loan 2020/2021 without Collateral - CBN

The Agric-Businesses/Small and Medium Enterprise Investment Scheme (AGSMEIS) is an initiative of the Central Bank of Nigeria. CBN AGSMEIS Loan 2020 application is currently ongoing.

With the CBN AGSMEIS Loan, you can access up to N10M at 5% per year from the Agric, Small and medium enterprise scheme (AGSMEIS), an initiative from Central Bank of Nigeria (CBN); this is without collateral.

What is Agric-Businesses/Small and Medium Enterprise Investment Scheme (AGSMEIS)?


AGSMEIS is an initiative of the Bankers’ Committee in a bid to support and complement the Federal Governments’ efforts at promoting Agri-businesses/Small and Medium Enterprises as a vehicle for sustainable economic development and employment generation.

AGSMEIS is a voluntary initiative of the Bankers’ Committee approved at its 331st meeting held on 9th February, 2017. The Scheme requires all banks in Nigeria to set aside 5% of their profit after tax (PAT) annually.

The initiative is to support the Federal Government’s efforts and policy measures for the promotion of Agricultural Businesses, Small and Medium Enterprises (SMEs) as vehicles for sustainable economic development and employment generation.

Objectives of the Agric, Small and Medium Enterprise Scheme (AGSMEIS).
The objectives of the Scheme include :

To ensure Small and Medium Enterprises (SMEs)have access to finance
To generate much-needed employment opportunities in Nigeria
To develop agricultural value chain and ensure sustainable agricultural practices.
To boost the managerial capacity of Agri-Business/SMEs as pipelines of growing enterprises that can become huge corporate organizations.
CBN AGSMEIS Loan Activities

The activities covered by the Central Bank of Nigeria Agric, Small and Medium Enterprise Scheme, AGSMEIS Loan include;

Businesses across the agricultural value chain covering inputs supply, production, storage, processing, logistics and marketing. Micro Small & Medium Enterprises (MSMEs) in the real sector including manufacturing, mining and petrochemicals.

MSMEs in the service sector including information and communication technology (ICT) and the creative industry. Other activities may be determined by

the Bankers’ Committee from time to time.

How to Apply for CBN AGSMEIS Loan Form 2020 without Collateral.

Step 1: Get Trained

Attend a one week compulsory training at a CBN certified Entrepreneurship Development Institute (EDI). You can check the list of CBN EDC Centres in Nigeria.

Step 2: Apply For Loan

The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan. Download the agsmeis loan application form pdf.
Note: You can get the current application form from the CBN EDC that trained you.

Step 3: Receive Funds

Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

Step 4: Get Business Support Services

The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.

Step 5: Make Sales

Sell products and services to pay back loan and make profit.


Step 6: Repay Loan

Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.

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