Enugu Government and SMEDAN Initiate N1 Billion Fund for MSMEs

Enugu State Unveils N1 Billion Boost for Small Businesses: Your Chance to Grow!

Great news for small businesses in Enugu State! The government, along with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has launched a massive N1 billion fund to help you grow your business.

Here’s what you need to know:

Who can benefit?

This program is open to Nano, Micro, Small, and Medium Enterprises (NMSMEs) operating in Enugu State.

So, whether you’re a trader, a food vendor, a craftsperson, or any other type of small business owner, you could be eligible!

What’s the deal?

The N1 billion fund will provide accessible, single-digit loans to qualified businesses.

This means you can get the financial support you need at affordable interest rates, making it easier to invest in your business and achieve your goals.

What are the benefits?

This initiative aims to:

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  • Help businesses scale up and reach new heights
  • Boost competitiveness in the Enugu market
  • Drive economic growth in the state, creating jobs and opportunities
  • Support innovation and encourage new ideas
  • Promote inclusivity by making financial support accessible to a wider range of businesses

How do I apply?

While full details are still being announced, here’s what you can do now:

  • Register your business at the Enugu SME Center: http://enugusme.en.gov.ng/msmedata
  • Stay informed: Keep an eye on the Enugu SME Center website and social media for updates on the program’s eligibility criteria and application process.

Don’t miss this opportunity!

Registering your business now shows your interest and puts you in a good position to access this valuable funding once the application process opens.

Here are some additional details to keep in mind:

  • Sterling Bank PLC will be managing and disbursing the funds, ensuring a smooth and efficient process.
  • The program aims to create jobs, foster innovation, and promote inclusivity in the Enugu economy.
  • This initiative is expected to mark a new era of growth and prosperity for NMSMEs in the state.

By taking advantage of this program, you can unlock your business’s potential and contribute to the thriving Enugu economy. So, get ready, register your business, and stay tuned for further updates!

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