Apply For Bank of Industry Rural Area Programme On Investment for Development (RAPID) 2025
Application is now open for the Bank of Industry Rural Area Programme On Investment for Development (RAPID) 2025. The Bank provides financial support to nano, micro and small-scale businesses in the rural locations across Nigeria.
In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.
The objective of the programme is to assist communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, contribute to national growth and tame insecurity arising from youth restiveness.
Also Apply: Call for Applications: NASSI funding opportunities for MSMEs across the 36 states in Nigeria
Components of Rural Area Programme On Investment for Development (RAPID)
Financing Program for Micro and Small Businesses, as well as Community Groups
- Get funding and support for projects to grow micro and small businesses, and develop community infrastructure.
Target Market
- Micro and Small Businesses
- Community Groups in Rural Areas
Also Apply: NMFB “Cash Now-Now” Loan Empowerment for Petty Traders and Artisans
Features
- Tenor: maximum of 3 years
- Interest Rate: 5% per annum
Eligibility Criteria
- Completed Application Form
- Business Plan
- Acceptable Means of Identification
- BVN and NIN
- Proof of Residential Address
- Completed Guarantor Forms
- Other Terms and Conditions Apply
Visit: rapid.boi.ng/register
Apply Here
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