Firm trains agro business men, others to access CBN loan

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To   assist poor farmers increase their wealth and food production, Betamark Production Company Limited, Lagos has begun training for agro business experts, start-ups and people in Micro, Small and Medium Enterprises (MSMEs) to access Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS)-Central Bank of Nigeria (CBN) loan.

As part of requirements to access the loan, applicants need to be trained by a certified and accredited Entrepreneur Development Institute (EDI) Training Institute.

This allows them to get certificates issued by the Training Institute which is one of the CBN requirements for the loan.

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.

Activities of the initiative covers businesses across the agricultural value chain covering inputs supply, production, storage, processing, logistics and marketing, among others.   Betamark is one of the accredited EDI licensed by CBN,

where applicants are currently being trained on how to be sure of getting the loan in a quick process.

The Chief Executive Officer of the institute, Mr Duro Kuteyi,  said    “The loan is meant for MSME, comprising agric, manufacturing and other services, which involves those already in business and start-ups. In the start-up category, there are youths and people who feel like changing their businesses.”

He said his organisation is determined to empower agricultural SMEs to enhance access to suitable financial services to farmers – particularly smallholders – and as a way to increase agricultural productivity and income.

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