Free Presidential Conditional Grant 2024.

Introduction

The Presidential Conditional Grant, Loan Scheme, and Palliative Program is a government initiative in Nigeria designed to provide financial support to businesses, with a focus on nano and micro-enterprises. The program includes a grant scheme and a loan program, both of which are part of the Presidential Palliative Program.

Grant Amount

Under the Presidential Conditional Grant Programme, the Federal Government will disburse a grant sum of N50,000 to nano businesses across the 774 local government areas.

Eligibility

The program is open to various sectors, including traders, food services, ICT, transportation, creatives, and artisans. Eligible applicants must meet the selection criteria, and there is a focus on prioritizing 70% women and youth, 10% people with disabilities, and 5% senior citizens, with the remaining 15% allocated to other demographics.

Documents Needed for Application

Applicants are required to provide proof of residential/business and relevant personal and bank account information.

Application Procedure

Applicants can apply through the official application portal, which is https://www.fedgrantandloan.gov.ng. The application process involves submitting the necessary information and meeting the selection criteria.

Disbursement Time

The disbursement of funds for the grant and loan programs has specific timelines. For the Presidential Conditional Grant Programme, the disbursement is expected to start from December 12, 2023. For the loan program, the disbursement is set to begin from December 5, 2023.In summary, the Presidential Conditional Grant, Loan Scheme, and Palliative Program is a significant government initiative in Nigeria aimed at providing financial support to businesses, particularly nano and micro-enterprises. The program includes a grant scheme and a loan program, and it is expected to have a positive impact on the economic growth and development of the country.For more information and to apply, interested individuals can visit the official application portal at https://www.fedgrantandloan.gov.ng.The information provided is based on the official announcements and statements released by the Federal Government of Nigeria and relevant authorities.The eligibility, application procedure, and disbursement time are in line with the details provided by the government and official sources. Interested applicants are encouraged to visit the official application portal for the most accurate and up-to-date information.