Looking to scale your nano business? The Conditional Grant Scheme (CGS), launched by SMEDAN, offers a ₦50,000 grant to help micro-enterprises procure equipment and create jobs. Here’s how you can apply and get the support you need to thrive.
What is the CGS Program?
The CGS is a government-backed initiative aimed at boosting the growth of **nano businesses** at the local government level. By offering financial assistance, the scheme helps these businesses access essential equipment and grow their workforce.
Read More About it HERE
Who Can Apply?
The CGS program is specifically designed for micro and nano businesses operating in local government areas (LGAs). To qualify, your business must employ at least one additional person as part of the grant’s job creation condition.
What’s in it for You?
Qualified businesses will receive a ₦50,000 grant, with the primary goal of increasing productivity and creating new job opportunities.
How to Apply
To take advantage of the CGS, follow these steps:
1. Register your interest: Visit the official SMEDAN portal to access the application forms or visit designated government offices.
2. Submit your documentation: Provide the necessary documents, including project proposals aligned with CGS guidelines.
3. Get approved: Once reviewed, approved businesses will receive the ₦50,000 grant to enhance their operations.
What Projects are Eligible for Funding?
The grant supports projects that enhance the productivity, competitiveness, and **sustainability** of micro-enterprises. This includes investing in technology upgrades, Infrastructure development, capacity building, and market expansion.
Reporting and Accountability
Recipients will need to submit periodic reports and participate in **monitoring and evaluation** activities to ensure the funds are being used effectively.
Take Action Today!
Don’t miss out on this incredible opportunity to secure funding for your business. Apply now to access SMEDAN’s ₦50,000 CGS grant and take your business to the next level.
For more information, visit [smedan.gov.ng]
