NYIF Loan Application Portal 2023 Reopens for New Applicants – How to Apply for NYIF Loan Empowerment Programme 2023.
Have you been looking for a way to apply for the Nigeria
Youth Investment Fund Loan? If yes then we have good news for you! The NYIF
Loan Application Portal will reopen again in 2023.
The NYIF Loan Portal 2022 is currently NOT open for online applications. You can register and apply for a NYIF loan 2023 through the official Nigerian Youth Investment Fund portal and get a NYIF loan approval immediately.
Here is everything you need to know about this program and how to apply it successfully without interruption. Learn how to access the NYIF application form below.
About NYIF Loan
In 2022, the Nigerian Youth Investment Fund (NYIF) loan portal is again available to all Nigerian youth. All you need to do is submit an application for your active email and associated credentials.
You can Access up to N3 Million Credit Facility Dedicated to investing in the innovative ideas, skills & talents of Nigerian youths aimed at turning them into entrepreneurs, wealth creators and employers of labour.
Nigeria Youth Investment Fund (NYIF) Loan 2023 Application Portal will be open again, interested and qualified applicants can now apply for Nigeria Youth Investment Fund Loan as the portal is live again, please don’t miss this golden opportunity.
NYIF Loan 2023 Link Portal allows you to access up to N3 Million Credit Facility Dedicated to investing in the innovative ideas, skills & talents of Nigerian youths aimed at turning them into entrepreneurs, wealth creators and employers of labour.
In this post you will get to know more about Nigeria Youth Investment Fund (NYIF) Loan Application Form, to know if you are eligible to apply and how to apply/register online. Get started below:
Who Is Eligible for NYIF Loan?
1) Individuals/Non-registered Businesses
a. Individual within the age bracket of 18 to 35 years
b. Has a valid BVN and means of ID
c. Provision of Business plan Summary or Completed Questionnaire
d. Entrepreneurship Training Certification from FMYSD Entrepreneurship Development Institutes (EDIs)
2) Registered Businesses
a. Formal business enterprises (Youth owned enterprises), duly registered with the Corporate Affairs Commission (CAC)
b. Business plan Summary or Completed Questionnaire
c. Valid Bank Verification Number (BVNs) of Directors
d. Provision of Tax Identification Number (TIN)
e. Entrepreneurship Training Certification from FMYSD EDIs
How NYIF Loan Application Works
Step 1: Get Trained
Applicants to attend a compulsory entrepreneurship training with an approved Federal Ministry of Youth & Sports Development (FMYSD) EDIs
Step 2: Apply for Loan
Successfully trained prospective applicants proceed to NIRSAL Microfinance Bank (NMFB) portal to apply for the loan.
Step 3: Submit an Application
Eligible applicants submit applications successfully on NMFB’s portal.
Step 4: Approval
NMFB conducts loan assessment in line with Risk Assessment Criteria and programme guideline, make appropriate decision and forward recommended applications to CBN for final approval.
Step 5: Disbursement
CBN reviews applications and gives final approval for disbursement to NMFB
0 Comments