Kwara State government has thrown open registration of Micro, Small and Medium Enterprises (MSMEs) for the NG-CARES program.
The NG-CARES for MSMEs program, according to a statement, is a World Bank supported project targeted at helping businesses recover from the dastardly effect of the COVID-19 lockdown as well as to improve the economic condition of the state.
It is also one of the three Result Areas of the World Bank-supported NG-CARES program in which Kwara State is participating in all three result areas.
According to the Team Lead, Mr Muhammed Brimah, all eligible businesses are expected to benefit from across Kwara State, hence the registration process will be available via an online link designed and managed by Bank of Industry (BOI) to ensure that all business owners in Kwara are granted the opportunity to benefit from this laudable initiative.
Brimah commended the efforts of Governor AbdulRahman Abdulrazaq on his dedication, full support, and cooperation with the Bank of Industry and the World Bank on the execution of the project.
He stated that the Governor is fully committed to the growth and success of businesses as well as increasing the employment rate in Kwara state.
The program is a grant for both formal and informal businesses comprising prior loan reimbursement grants, operational cost grants and Information and Technology enhancement grants.
The grants, The Ravens NG learnt, is for businesses operating in Kwara State affected by the pandemic and have been running for over 2 years.
The online portal would be open to receive applications from 10am on October 6, 2021, while applications are primed to close by October 17, 2021.
To apply, follow this link: https://www.kwassip.org/kwaracares