Lagos State Employment Trust Fund 2023 Lagos Cares Grant for MSMEs | N100k up to N2.5M

  •  Grant
  •  Not Specified
  •   Nigeria
  • $$  Varies

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:

  • RA1 – Focuses on Social Protection
  • RA2 – Focuses on Agriculture and;
  • RA3 – Focuses on Micro Small and Medium scale enterprises (MSMEs)

Eligibility Criteria

MICRO ENTERPRISES

  • BVN of Principal
  • Company Registration where applicable
  • Evidence of existing business operation.
  • LASRRA
  • Evidence of tax payment
  • Evidence of Existing Loan from qualified Financial institutions
  • Minimum of 3 staff

SMES

  • BVN of Directors
  • Company Registration
  • Evidence of existing business operation.
  • Evidence of Tax Payments
  • LASRRA of Directors
  • Evidence of Existing Loan from qualified Financial institutions
  • Minimum of 10 staff

Offered Benefits

Credit Grant: This provides credit grants to co-finance up to 40% of performing loans taken by businesses from June 2020 to date, from qualified financial institutions after the onset of the COVID-19 crisis.

  • Micro Enterprises: Up to ? 1Million
  • SMEs: Up to ? 1Million

Application Process

Go to Lagos State Employment Trust Fund (LSETF) on apply.lsetf.ng to apply

 If you have any complaints, kindly let us know  here

Apply Here
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