Are you a current or former member of the National Youth Service Corps (NYSC) seeking government funding to launch your business? This comprehensive guide will guide you through the application process for the NYSC Business Loan.
**Eligibility Criteria:**
* Age: 18 to 35 years
* Corps members or ex-Corps members within 5 years of post-NYSC
* Possession of a feasible business idea
**Loan Amounts and Categories:**
* Individual applicants: Up to N3 million
* Group applicants (3-5 members): Up to N10 million
* Eligible business sectors: Agro-allied, Technology, Automobile, Energy, Film, Construction, Education, Food Processing, ICT, Manufacturing, Cottage Industry, and others.
**Application Process:**
1. **Access the Official Portal:** Visit https://www.yiedp-hbng.com/.
2. **Create an Account:** Fill out the registration form using your NYSC State Code.
3. **Submit Application:** Apply individually or as a group, providing details of your business idea.
4. **Track Application:** Monitor the progress of your application through the portal.
**Collateral Requirements:**
* Tertiary Institution Certificate
* NYSC Discharge Certificate (or pledge if still serving)
* Additional documents for assets financed by other banks
**Conclusion:**
The NYSC Business Loan is an exceptional opportunity for young entrepreneurs to embark on their entrepreneurial ventures. Take advantage of this program by applying through the official portal. The application process is free and has a limited duration. For more information, consider the NYSC Foundation Loan program. Don’t miss out on this chance to launch your business aspirations! CONTINUE READING
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