NMFB Non-Interest AGSMEIS: How to Access N3M CBN Loan Without Collateral

NMFB Non-Interest AGSMEIS: How to Access N3m CBN Loan Without Collateral

Small businesses can get up to N3,000,000 (Three million Naira) in collateral-free loans from the Central Bank of Nigeria under the Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS)


The Scheme backs government policies that promote agricultural businesses and micro, small, and medium-sized enterprises (MSMEs) as drivers for long-term economic growth and job creation.

Objectives Of The Scheme
  • To improve access to affordable and sustainable finance by Agribusinesses, Micro, Small, and Medium Enterprises (MSMEs).
  • Create employment opportunities in Nigeria.
  • Boost the managerial capacity of agri-businesses and MSMEs to grow the enterprises into large corporate organizations in line with the Federal Government’s agenda to develop the real sector and promote inclusive growth.

Eligible Sectors/Businesses

  • Agriculture & Agro-allied Processing
  • Art & Entertainment
  • Automobile Services
  • Fashion and Dressmaking
  • Catering & Event Management
  • Courier & Delivery Services
  • Creative Industry
  • Apparels and Textiles
  • I.C.T
  • Cottage Industry
  • Media
  • Publishing
  • Telecommunications
  • Hospitality
  • Health Services
  • Welding and fabrication
  • Animal Husbandry
  • Cosmetics, Beauty, and Makeup Artistry
  • Electrical and Electronics
  • POP and Tiling
  • Carpentry
  • Masonry
  • Kerbs and Electric Pole making


The Scheme’s financing will be used for start-ups, business expansion, or the revival of failing businesses. The following are the terms of the loans:

  • Loan amount: Up to N3,000,000
  • Interest: 5% per annum for regular and 0% for non-interest AGSMEIS
  • Tenor: Up to 7 years (depending on nature/gestation period of the project)
  • Moratorium: Maximum of 18 months for principal and 6 months on interest.
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To Access The AGMEIS Loan, There Are Some Conditions That Must Be Met:

  • Interested Applicants must undergo training by a CBN certified Entrepreneurship Development Institution (EDI)
  • Interested Applicants will apply for the loan through the CBN accredited EDI
  • The application will then be sent to CBN through NIRSAL MFB by the EDI, for processing.
  • Those qualified will be contacted and given the loan.
  • Fill clearly the form with all the details required, sign, and get them authenticated by the EDI.

Requirements Either During The Application Or Before Final Approval/Disbursement

  • BVN
  • Certificate issued by a CBN certified EDI
  • Details of two (2) Guarantors
  • Valid ID card
  • A Business Plan provided by the EDI

How To Apply

Interested individuals should Click here to Apply


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