Have you heard of the Private Sector-Led Accelerated Agriculture Development Scheme (P-AADS) by CBN? Do you want to be part of the CBN P-AADS N2 billion loan to farmers? Are you looking for how to apply for the P-AADS loan?
P-AADS is another federal Government of Nigeria farmers loan amongst other agricultural loan to help farmers expand or start up farmers to increase food production and provide food security in Nigeria.
Interest Rate: Interest rate under the intervention shall be 5.0% p.a. (all inclusive) up to 28th February 2021. Interest on the facility from 1st March 2021 shall be 9% p.a. (all inclusive).
Annual crops: Maximum tenor of six (6) years with six (6) months moratorium.
Perennial crops: Maximum tenor of ten (10) years with one-year moratorium.
Collateral Requirement: The collateral to be pledged by participants under the Scheme shall be title of the cleared land and other acceptable collateral prescribed under the ABP. CBN shall bear 50% of the credit risk in the event of default by the participant.
Read – NYIF Application Form 2020 – nyif.nmfb.com.ng Registration Portal is Open
Agricultural commodities eligible for consideration under the Scheme are:
Participants Eligibility
Prospective P-AADS participants must:
APPLICATION FORM AND REGISTRATION PORTAL TO COMMENCE SOON
For more information on the P-AADS Loan visit www.cbn.gov.ng/
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