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Monday, May 27, 2024

Enugu begins NG-CARES Grant to support MSMEs

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The Enugu SME Centre has announced the return of the NG-CARES Grant Programs for MSMEs in the state.

The NG-CARES program is a federal government project whose core objective is to expand access to livelihood support and food security services, and grants for poor and vulnerable households and firms.

In a statement by the Head of Enugu SME Center, Arinze Chilo-Offiah said the program is in collaboration with the World Bank, the Federal Government, and the Bank of Industry (BOI).

 

 

Chilo-Offiah who’s also the Special Adviser to the Governor of Enugu State on Small and Medium Enterprise (SME) Development added that the program aims to support the survival of SMEs in Enugu State through the implementation of three (3) Delivery Link Indicators (DLIs).

He also expressed gratitude to His Excellency, Dr. Peter Mbah, for his dedication to boosting Enugu State’s economy and providing the enabling environment for the state to participate in these life changing programmes.

The different DLIs are as stated below:

DLI 3.1 (Credit Enhancement Grants) – Provides financial support to distressed MSEs;

DLI 3.2 (Operations Grants) – Offers one-off grants to cover operational costs such as salaries, rent, and utilities; and

DLI 3.3 (IT Enhancement Grant) – Grants for adopting digital technology and covering platform integration costs.

Offiah added that interested persons can only apply for one DLI which is numbered DLI1 to DLI3 and BVN name which must match your registration and account name.

To register, click on the link: https://www.enugusme.en.gov.ng/ng

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NG-CARES Program is made up of three element that are delivered by three platforms in Enugu state.

The three (3) elements include:

– Ensuring Food Security
Community Development
– Support for Small Businesses

While the component of ensuing food security is delivered by FADAMA under the Ministry of Agriculture, the Community Development is handled by CSDA under the Ministry of Rural Development.

Ensure you contact these MDAs to know how to apply for their support.

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