2021-03-16 | ACGSF

Guidelines for the Agricultural Credit Guarantee Scheme - 2021

The Agricultural Credit Guarantee Scheme Fund was established by the Nigerian government to encourage commercial banks to provide loans to farmers. The fund provides a guarantee for loans given by banks for agricultural purposes, with the aim of increasing credit to the agricultural sector. The maximum liability of the fund for any given guarantee is determined by the ACGSF Board. The fund will cover 75% of the amount in default, subject to a maximum of 50 million naira for loans to individuals, cooperatives, or corporations.

Nigeria

Central Bank of Nigeria

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