How to Apply For NG CARES Stimulus Programme – grant of 750 million. from 2021 to 2023.
The federal Government has again brought another programme that is aimed at mitigating the effect of Covid-19 pandemic. This time the programme is supported by the world Bank..
NG CARES Stimulus Programme – grant
The name of the programme is NG CARES which simply means National Covid 19 Action Recovery and Economic Stimulus.
With a mandate to tackle food crises and also recovery of micro, small and medium-sized enterprises
Is was said that this programme will go a long way helping poor Nigerians during this pandemic era.
With this program on board, help will also be extended to small farmers and small and medium-sized enterprises that have been hit badly with the covid19 pandemic.
Fund available for NG CARES
Wold Bank is said to be bringing in about 750 million dollars from the period of 2021 to 2023.
750 million naira is no small money, trust me the most Nigerians will feel the impact of this support programme soon.
The plan arrangement has it that within just two years about 20 million dollars will be sent to each state to make NG CARES a reality while Abuja will get 15 million dollars
a) Micro businesses (3 – 9 employees): this means that a micro business unit should have like 3 to 9 employees before they will granted access to the loan
b) Small businesses (10 – 50 employees): for small business unit they will need to boast of 10 to 50 employees.
Application Supporting documents:
- 1) Proof of identification (NIN, Driver’s License, Voter’s Card, etc.)
- 2) Proof of residence (Utility Bills, Voters Card)
- 3) Proof of age (NIN, Voter’s Card, Driver’s License)
- 4) Proof of Bank Verification Number (BVN Printout duly stamped by the Bank)
- 5) Proof of business operations (Cash Book Register, Bank Statement, etc.)
- 6) Proof of business ownership (CAC Registration Documents, TIN)
How To Apply For NC-CARES Stimulus Programme
There are enumerators in each local Government so it’s advisable you make contact with them for registration purposes but if you couldn’t get in touch with them you can still meet your community CDC Chairman, Women Leader, or Youth President.
For More update
We are going to update you more about the NG CARES news and any other National Covid 19 Action Recovery and Economic Stimulus update all you have to do is keep visiting this page.