Rice Paddy Aggregation Scheme – The Paddy Aggregation Scheme (PAS) is for Integrated Rice Millers and Large Scale Aggregators to enable them to purchase home-grown rice paddy at a single-digit interest rate to promote the Federal Government of Nigeria’s National Food Security Programme (NFSP).
The Paddy Aggregation Scheme (PAS) is for Integrated Rice Millers and Large Scale Aggregators to enable them to purchase home-grown rice paddy at a single-digit interest rate to promote the Federal Government of Nigeria’s National Food Security Programme (NFSP).
It is to provide credit facilities to Integrated Rice Millers and Large scale rice paddy aggregators at single-digit interest rates to increase local production of rice towards effecting lower prices and enhancing national food security.
Features
- Single-digit interest rate (5% all-in, max)
- Bullet loan repayment after 12 months for loans that have 12 months tenor.
- No obligor limit is applicable.
- Applicant must have a functional silo.
- 24 months loan tenor.
Value/Gain
For the purpose of this Scheme, the following enterprises shall be eligible to participate under the Scheme:
- Integrated rice millers (new and existing beneficiaries under PAS)
- Qualified aggregators that are concessionaires of functional Federal Government silos
- Qualified aggregators with privately-owned silos
Target Market
- Funding is provided at a cheap cost.
- The reasonable tenor of the loan.
- Funding targeted specific Agricultural production (Rice).
How to Apply
