Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in collaboration with Jaiz Bank Plc has commenced the disbursement of proposed Matching Funds to spice up the capability of the micro and small enterprises (SMEs) within the nation.
Only candidates from 4 states – Gombe, Nassarawa, Niger, and Jingawa – who will need to have registered with SMEDAN are certified for the non-interest loans, starting from N1.2 million to N5 million.
The Matching Funds initiative, which started early this 12 months with the opening of the programme portal, is an intervention meant to ship credit score to the sub-sector for enhanced output, competitiveness and job creation.
Director-General of SMEDAN, Dr.Dikko Radda, who dropped the trace, yesterday, mentioned the collaboration is decided to totally implement the programme for the advantage of Nigerians.
“Target beneficiaries of the programme shall be labour-intensive SMEs working in the true sector, these shall be progressive value-added merchandise which are establishing footprints within the Nigerian market and require further funds to extend outputs,” Radda mentioned.