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Served or serving NYSC? CBN and Heritage Bank to give up to ₦10 million loan for YIEDP

Heritage Bank has been adopted by the Central Bank of Nigeria (CBN) as the sole pilot bank for the Youth Innovative Entrepreneurship Development Programme (YIEDP). The programme is aimed at harnessing the latent entrepreneurial spirit among the teeming youths by providing timely and affordable loans to implement their business ideas. This further provides a sustainable mechanism to stimulate employment, contribute to the Nation’s non-oil GDP, and address the challenge of youth restiveness. The following categories of youth (aged 18 – 35) are eligible under this scheme: * Serving youth corps members * Non-NYSC (not more than 5 years post NYSC) Qualified Business Sectors: * Agro – Allied, * Food Processing / Preservation, * Arts & Crafts, * Manufacturing / Cottage Industry, * Information & Communication Technology (ICT), * Construction Support, * Power & Energy, * Education & Financial Inclusion, * Film & Photography, * Automobile, * Others The details below are relevant for all eligible youth: Eligible youth can apply for the loan through this portal http://www.yiedp-hbng.com/ using his/her NYSC State Code. Applications can be made as an Individual or as a group (of 3-5 applicants with similar business interest). A single applicant can access up to a facility limit ...

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