Presidential Palliative Loan Programme Application Form and How to Apply

Presidential Conditional Grant Scheme (PCGS) Application Form
Presidential Conditional Grant Scheme (PCGS) Application Form

Presidential Palliative Loan Programme Application Form and How to Apply

This portal is for candidates that wish to apply for the ongoing Presidential Palliative Loan Programme. You will be directed to the right link to access the form portal and how to apply successfully

The Federal Government is giving out N1Million & N1Billion respectively Loans to Nigerian Citizens across 774 LGAs. See who is eligible and how to apply easily. Keep Reading to get full details

The Federal Government of Nigeria is delighted to announce the kickoff of the Presidential Conditional Loan Scheme to Businesses in Nigeria (including Nano businesses) as part of the Presidential Palliative Program.

READ: Presidential Conditional Grant Scheme (PCGS) Application Form and Eligibility

A Game-changer in Economic Empowerment. Revolutionizing financial support.

The Presidential Palliative Loan Scheme

Key Features

  • Transparent and Efficient: We prioritize transparency and efficiency, ensuring that funds are disbursed swiftly to deserving businesses.
  • Digital Transformation: The platform leverages cutting-edge technology to make the entire process accessible through smartphones and computers, allowing SMEs to apply from anywhere.
  • Financial Literacy: We understand the importance of financial education. Therefore, our platform provides resources and training to empower SMEs with the knowledge to manage their funds effectively.

The Target Sectors for the Scheme

Below are the business that are eligible to apply for the palliative loan:

  • Traders: These include single retail marketers, corner shop owners, petty traders, market men and women in open markets
  • Food Services: These include food and vegetable Vendors
  • ICT: These include business centre operators, battery chargers, recharge card vendors, call centre agents
  • Transportation: These include wheelbarrow pushers, independent dispatch riders
  • Creatives: These include makeup artists, fashion designers, drycleaners.
  • Artisans: These include vulcanizers, shoemakers, painters, repairers.

Loan Amount:

MSMEs & manufacturers will access loans up to N1Million & N1Billion respectively.

These programmes aim to alleviate the effects of the fuel subsidy removals.

The Federal government via this scheme will be providing loans to MSMEs and Manufacturers in Nigeria worth Seventy Five Billion Naira. See details below to ensure you benefit from this government initiative.

MSMEs and Manufacturers

  • Start Date: 10th Oct 2023
  • Duration: 6 weeks planning, continuous call to entry, revolving fund disbursement from 5th Dec 2023, repayments starting 5th June 2024.

How to Apply for Presidential Palliative Loans

Interested and qualified persons should apply through this link https://loan.fedgrantandloan.gov.ng/auth/loan-register to apply. Note that disbursement will be done by your bank if you meet the eligibility criteria.

To apply, follow the Step by Step Guidelines below:

  • Sign up with the your basic details
  • Enter your business information with the necessary documentation
  • Provide information about your business leadership (Directors)
  • Provide information about what the loan will help your business with

Presidential Palliative Loan Scheme Closing Date

The management of the Presidential Palliative Loan Scheme has announced 31st December 2023 as the latest closing date for online registration.

For more information, visit https://loan.fedgrantandloan.gov.ng/

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