Apply now for the ongoing NG-CARES Batch 2 Grant Program for Nigerian MSMEs

BusinessTrumpet November 29, 2023November 29, 2023 0 Comments

The NG-Cares Grant Program is here with specific focus on assisting Micro, Small, and Medium Enterprises (MSMEs) that are facing challenges due to the COVID-19 pandemic.

This initiative, which falls under the Nigeria COVID-19 Action Recovery and Economic Stimulus (CARES) Program, aims to minimize the local impact of the global pandemic by protecting the livelihoods of vulnerable households and aiding the recovery of local economic activities. It places special emphasis on supporting MSMEs.

In partnership with the World Bank, the Federal Government, and the Bank of Industry (BOI), the NG-Cares Grant Programme is dedicated to ensuring the survival of SMEs across various states in Nigeria. It achieves this through the implementation of three Delivery Link Indicators (DLIs).

DLI 3.1 (Credit Enhancement Grants): Offers financial support to distressed MSEs.
DLI 3.2 (Operations Grants): Provides one-off grants covering operational expenses like salaries, rent, and utilities.
DLI 3.3 (IT Enhancement Grant): Facilitates grants for adopting digital technology and integrating platforms.

Requirements

– Business Name

– Business Type (Industry)

– Industry Subtype

– Business Establishment Date

– Number of Employees

– Head of Business (Last Name, First Name, Date of Birth, Phone Number, Email, Gender)

– State and Local Government Area (LGA) of Business

– Current Monthly Sales in Naira

Stages in NG-Cares Grant Programme Batch 2 Application in 2023:

Application Stage: Complete and submit the form.
Vetting Stage: Successful applications move to the vetting phase.
Enumeration State: Final stage after vetting.

To verify your vetting status, simply enter your phone number on the Plax application platform after submitting your application. If you have been vetted, please provide any additional business information required. If not, you will receive a notification explaining the reason for non-approval.

Version 1:
To apply for the NG-Cares Grant Programme Batch 2 in 2023, please follow these steps:

Click on the provided links to access your State’s registration portal.
Fill out the form accurately, making sure to select the correct dates.
Submit your application.
Remember to only apply for one DLI and ensure that your BVN name matches your registration and account names.

The NG-Cares Grant Programme Batch 2 has returned, specifically targeting Micro, Small, and Medium Enterprises (MSMEs) grappling with the repercussions of the COVID-19 pandemic.

Initiated under the Nigeria COVID-19 Action Recovery and Economic Stimulus (CARES) Program, this state-level intervention aims to mitigate the local impacts of the global pandemic by safeguarding the livelihoods of vulnerable households and supporting the recovery of local economic activities, with a particular focus on MSMEs.

The NG-Cares Grant Programme, in collaboration with the World Bank, the Federal Government, and the Bank of Industry (BOI), concentrates on supporting the survival of SMEs across Nigeria’s states by implementing three Delivery Link Indicators (DLIs):

DLI 3.1 (Credit Enhancement Grants): Offers financial support to distressed MSEs.
DLI 3.2 (Operations Grants): Provides one-off grants covering operational expenses like salaries, rent, and utilities.
DLI 3.3 (IT Enhancement Grant): Facilitates grants for adopting digital technology and integrating platforms.

Requirements for NG-Cares Grant Program Batch 2 in 2023:

To apply for Batch 2, no documentation upload is needed. The registration form requires the following details:

– Business Name

– Business Type (Industry)

– Industry Subtype

– Business Establishment Date

– Number of Employees

– Head of Business (Last Name, First Name, Date of Birth, Phone Number, Email, Gender)

– State and Local Government Area (LGA) of Business

– Current Monthly Sales in Naira

Stages in NG-Cares Grant Program:

Application Stage: Complete and submit the form.
Vetting Stage: Successful applications move to the vetting phase.
Enumeration State: Final stage after vetting.

To check the vetting status, input your phone number on the Plax application platform after applying. If vetted, provide additional business information; if not, wait for notification on the reason for non-approval.

How to Apply:

Access your State’s registration portal using the provided links, fill the form accurately, ensuring proper date selection, and submit. Only apply for one DLI, ensuring BVN name consistency with registration and account names.

Links to access the NG-CARES 2023:

Abia – https://plax.ng/abia

Adamawa – https://plax.ng/Adamawa

Akwa Ibom – https://plax.ng/Akwaibom

Anambra – https://plax.ng/anambra

Bauchi – https://plax.ng/bauchi

Bayelsa – https://plax.ng/bayelsa

Benue – https://plax.ng/benue

Borno – https://plax.ng/borno

Cross River – https://plax.ng/crossriver

Delta – https://plax.ng/Delta

Ebonyi – https://plax.ng/ebonyi