NYSC/ YIEDP Business Loan Application Form Portal 2023/2024
National Youth Service Corps (NYSC)/ Youth Innovative Entrepreneurship Development Programme (YIEDP) has open its Business Loan Application Form Portal 2023/2024 for interested serving Corps members, or ex-Corps members (but not over 5 years after completion of NYSC)
Before proceeding to the www.yiedp-hbng.com/ portal , note that the NYSC/ YIEDP Business Loan Application is free of charge. The loan form is obtainable online on the official NYSC/ YIEDP Business Loan Application Portal.
Either as a corps member or ex Corps member, in order to be considered for this NYSC/ YIEDP Business Loan , please complete an application form and submit your application online following the steps and guideline.
The National Youth Service Corps (NYSC) can be your lucky ticket to get a loan from the Federal Government, through the Central Bank of Nigeria (CBN) and Heritage Bank, in partnership with Youth Innovative Entrepreneurship Development Programme (YIEDP).
One of the reasons CBN gives loans to graduates is to help them start a business, be self-employed, and to enable them create employment opportunities for other people around them.
How NYSC/ YIEDP Business Loan Works
As stated by YIEDP, a youth can apply for a CBN business loan of up to N3 million, and a group of 3 – 5 persons can apply for a loan of up to N10 million.
A single qualified applicant can get a loan of up to N3million, while a group of 3-5 qualified applicants can get up to N10million.
Heritage Bank has been chosen by the Central Bank of Nigeria to oversee YIEDP. YIEDP is an innovative scheme aimed at harnessing the entrepreneurial skills among the teeming Nigerian youths by providing quick and affordable loans to help them implement their business ideas.
Eligibility for NYSC/ YIEDP Business Loan
To be eligible for NYSC business loan, applicants must meet the following conditions;
- Applicants must be between the age bracket of 18 and 35 years,
- Must be a serving Corps members, or ex-Corps members (but not over 5 years after completion of NYSC),
- Have a feasible business idea.
Eligible Business Sectors
The loans are available to specific business sectors. The following listed fields are the qualified business sectors for the NYSC loan.
- Food Processing
- Power & Energy
- Film & Photography
- Cottage Industry
- Construction Support
- Technology (ICT)
- Education Financing
- Information and Communication Technology
- and other fields
How to apply for NYSC/ YIEDP Business Loan Application
To apply online use this link: https://www.yiedp-hbng.com/.
- For a successful online application, please use your NYSC State Code.
- Make an individual loan request or as a group of 3-5 people
- Single applicants for NYSC/ YIEDP Business Loan Beneficiaries can acess up to N3million, while a group of applicants can access up to N10million.
We encourage you to share this opportunity with your friends and loved ones who might be interested in getting NYSC Business Loan in other to keep them updated.