Applications are now open for the Lagos CARES Program. The Lagos COVID-19 Action Recovery and Economic Stimulus (CARES) Program is a state-level intervention that seeks to mitigate the local effects of the COVID-19 worldwide pandemic at the state-level, by protecting the livelihoods of existing and newly poor and vulnerable households and supporting the recovery of local economic activity especially among MSMEs.
The program consists of 3 Results Areas (RAs) as defined below:
Also Apply for : Kwapreneur Loan 2021 – Kwara State Free Interest Loan Application Link
As the State’s MDA responsible for MSME intervention, LSETF will anchor RA3, which is aimed at providing relief, facilitating the recovery, and enhancing capabilities of local MSMEs through support designed to reduce the vulnerability and cushion the effect of income-loss brought about by the ongoing COVID-19 pandemic and its resultant disruption to regular commercial activity.
Credit Grant: This provides credit grants to co-finance up to 40% of new loans given to businesses by qualified financial institutions after the onset of the COVID-19 crisis.
Single grantee limit: Up to ₦100,000 for Micro enterprises,
Up to ₦1million for Small and Maximum of ₦5million for Medium enterprises
REQUIREMENTS
MICRO ENTERPRISES
SMES
Operations Grant: This grant is to Support Operational Expenditure after the onset of Covid-19. This grant aims to incentivize MSEs to reach pre- COVID 19 level of employment. The grant would cover operational costs.
Operations grants for MSMEs that cover up to 50% of any verifiable/ documented monthly operational cost for 6 months including but not limited to staff salaries; documented utilities; documented private security expenses.
Single grantee limit: Up to ₦150,000 for Micro enterprises,
Up to ₦1.5million for Small and Maximum of ₦5million for Medium enterprises
REQUIREMENTS
MICRO ENTERPRISES
SMES
Interested Candidates Should Click and To Apply – https://apply.lsetf.ng/crgsignup
Recommended:
nmfbloans 2021 – Covid-19 Loan | CBN nmfb.com.ng/covid-19-support Loan Application
Npower Batch C Test Portal 2021 is open – nasims.gov.ng Npower New Exam Test Portal
NPower Pre-Selection 2021 List is Out – How to Check Your Name
Npower Batch C Assessment Test 2021 – See Timetable Here
Fan Milk Plc Recruitment 2021/2022, Careers & Job Vacancies
CBN Covid-19 Loan 2021 Reopens – nmfbloans.nmfb.com.ng/covid19tcfhousehold
CBN Covid-19 Commercial Loan 2021 – nmfbloans.nmfb.com.ng Registration Form Portal
British High Commission Job Recruitment Application Form
ValueJet Airlines Recruitment Application Form Portal 2021/2022
United Nations International Children’s Emergency Fund Job Recruitment
Caleb University Recruitment Application Form Portal 2021/2022
Kindly subscribe to the site using your Email address for more updates for FREE
Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its…
CIIBEX Group Limited is a holding name for an indigenous conglomerate which comprises of eight…
The International Committee of the Red Cross (ICRC) is an impartial, neutral and independent organization…
NNPC Ltd/ TotalEnergies International Masters Degree Scholarship - 2024-2025. TotalEnergies is a global multi-energy company…
Seven-Up Bottling Company Limited is one of the largest manufacturing companies in Nigeria, producing and…
Jumia is Africa's leading internet group, with already over 3,000 employees in more than 20…