When we talk about loan opportunities from the Central Bank of Nigeria we have seen a lot. Some of these loan opportunities include the CBN COVID-19 loan.
Today we will be talking about just another CBN loan that was created for some reasons related to helping the masses grow their business.
Check out: Apply for CBN MSME Development Fund N220 Billion Loan for Business
Let’s start by having a look at the CBN Manara loan, what it is and how you can apply.
What is CBN Manara Loan?
The CBN Manara Loan program was launched on November 17, 2015, by President Muhammadu Buhari (GCFR), the loan is expected to make a linkage between anchor organizations engaged with the handling and smallholder ranchers (SHFs) of the necessary key agriculture wares.
The CBN loan program of the ABP is an arrangement of farm inputs in kind and money (for farm labor) to help smallholder farmers be able to boost production of these products, balance out inputs supply to agro-processors, and address the nation’s negative balance of payment on food.
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The Central Bank Manara was created to serve as a link between the Government and the people to experience a potential boost in terms of agricultural produce.
Objectives of CBN Manara Loan 2022
The loan was created with the aim of the following:
To help rural smallholder farmers to develop from small to commercial production levels.
To set up a new age of farmers or entrepreneur leasing to reduce unemployment.
To circulate the economy of the country through the help of farm produce from agri-sectors.
How to apply for CBN Manara Loan 2022
To apply for the CBN Manara loan 2022 you will have to visit the loan portal as directed by the CBN.
To apply you should visit https://manaraabp.com/abp, then create an account for the application.