The Bank of Industry (BOI) is inviting applications for its 2024 Rural Area Programme On Investment for Development (RAPID). This initiative aims to empower rural and economically disadvantaged communities by providing financial support, business advisory services, and training to nano, micro, and small-scale businesses.
The RAPID programme focuses on generating employment, improving living standards, contributing to national growth, and mitigating insecurity caused by youth restiveness.
Programme Details
- Name: BOI RAPID 2024
- Target Market: Rural Micro & Small Businesses
- Objective: Economic Growth & Job Creation
- Financial Aid: Loans & Business Support
- Tenor: Up to 3 Years
- Interest Rate: 5% per Annum
- Deadline: May 29, 2024
Eligibility Criteria
To apply for the BOI RAPID programme, applicants must provide:
- Completed application form
- Comprehensive business plan
- Acceptable means of identification
- Bank Verification Number (BVN) and National Identification Number (NIN)
- Proof of residential address
- Completed guarantor forms
Application Process
Interested candidates should prepare their documentation and apply before the deadline on May 29, 2024. For more information and to apply, visit the Official BOI RAPID Webpage.
Programme Benefits
- Support for Rural Micro and Small Businesses
- Business Advisory Services and Training
- Financial Aid with Low-Interest Rates
- Up to 3 Years Loan Tenor
The BOI RAPID programme is a valuable opportunity for rural communities to develop sustainable businesses, drive economic growth, and improve their quality of life. Seize this chance to make a significant impact on your community and foster a brighter future for rural Nigeria.
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