Register online for Bank of Industry (BOI) Rapid Empowerment Program 2024/2025. We are delighted to inform the general public about the ongoing BOI Rapid Empowerment Program 2024/2025 for interested and qualified applicants – started under.
Application Form is open for interested and qualified applicants to apply online and be empowered through Bank of Industry (BOI). See requirements and steps to apply online.
Introduction
The Bank of Industry BOI has initiated a new Empowerment program called the Rural Area Programme On Investment for Development (RAPID) and is calling on all interested applicants to apply for the program via the application link below.
Understanding the full meaning of Rapid Programme
The Rural Area Programme on Investment for Development (RAPID) is an initiative by the Bank of Industry (BOI) aimed at fostering sustainable development, job creation, and economic empowerment in rural communities throughout Nigeria. It provides financial support, business advisory services, and training programs to rural entrepreneurs, particularly micro, small, and medium enterprises (MSMEs).
Eligibility for Bank of Industry Rapid Empowerment Program 2024/2025
Duly registered Enterprises and Cooperative Societies operating in rural or economically disadvantaged areas of Nigeria are eligible to apply.
Eligible Business
RAPID shall provide support in value-adding activities excluding trading and farming. These include activities in manufacturing, agribusiness, processing, and other ventures contributing to economic diversification and job creation in rural areas.
What financial support does RAPID provide?
Beneficiaries would be eligible for a loan of a maximum of N10 million to acquire plants/machinery and raw materials for their day-to-day operations.
Eligibility Criteria:
- Completed Application Form
- Business Plan
- Acceptable Means of Identification: BVN and NIN
- Proof of Residential Address
- Completed Guarantor Forms
- Other Terms and Conditions Apply
How to apply for Bank of Industry Rapid Empowerment Program 2024/2025
Interested applicants should apply via https://rapid.boi.ng
Read also: Steps to sign up/register with PayU
Leave a Reply