Financial inclusion is experienced when a financial system serves as many people as possible in a country. FIRAT is projecting support for financial inclusion of all MSMEs following the Central Bank of Nigeria (CBN) creative environment for critical development of national economy. The CBN has floated new initiatives with a total of eleven intervention schemes aimed at increasing access to finance by non-interest financial institutions.
Financial inclusion is experienced when a financial system serves as many people as possible in a country. In recent time, financial inclusion has assumed a critical development policy priority in many developing economies. Although Nigeria is gradually recording progress on financial inclusion with the Central Bank of Nigeria (CBN) floating new initiatives, the critical challenges of low financial literacy, inadequate infrastructural facilities as well as inadequate and inefficient technology based facilities by financial institutions, has limited the achievement of significant expansion in financial inclusion level in the country.
The CBN has recently launched a total of eleven intervention schemes aimed at increasing access to finance by non-interest financial institutions.
These intervention schemes are
• Non-Interest Guidelines for Accelerated Agriculture Development Scheme (AADS)
• Non-Interest Guidelines for Intervention in Textile Sector
• Guidelines for the operation of the Agri-business, Small and Medium Enterprise Investment Scheme (AGSMEIS) for Non-Interest Financial Institutions
• Non-interest Guidelines for Non-oil Export Stimulation Facility
• Non-interest Guidelines for Anchor Borrowers’ Program
• Non-interest Guidelines for Real Sector Support Facility Revised Guidelines.
• Non-interest Guidelines for the operation of the Credit Support for the Healthcare Sector
• Modalities for the implementation of the Creative Industry Financing Initiative (Non-interest version)
• Non-interest Guidelines for the implementation of the N50 billion Targeted Credit Facility
The Hakim Ishola Mobolaji Center for Economic Policy and Development Research (HIMCEP-DR) of Foresight Institute of Research and Translation (FIRAT) is set to support realization of the CBN program and work with benefactors to participate effectively in these schemes. This questionnaire is designed to collate interest of Micro, Small and Medium Enterprises (MSMEs) that desire to be supported to qualify, effectively apply and receive technical assistance in achieving the fulfillment of investment goal of the intervention funds.
Your participation would be highly appreciated. Thanks.
Please fill out the form below: