Presidential Palliative Loan Shortlisted Candidates 2024 PDF Download

Presidential Palliative Loan Shortlisted Candidates 2024: If you applied for the Presidential Conditional Grant Empowerment and the Presidential Palliative Loan Programme, your name should be on the list of Shortlisted Candidates to receive both the Grant and the Palliative Loan.

The Federal Ministry of Industry, Trade, and Investment has launched the Presidential Conditional Grant Empowerment and the Presidential Palliative Loan Programme to assist Micro, Small, and Medium Enterprises (MSMEs) and Startups in mitigating the effects of the elimination of fuel subsidies.

The award amount is N50,000.00 (Fifty Thousand Naira) per beneficiary, to reach one million micro-enterprises in the 774 local government areas. Beneficiaries include 70% women and youth, 10% people with impairments, and 5% senior citizens, with the remaining 15% going to other categories.

The Presidential Palliative Loan amount:

  • Non registered business N500,000 – N1 million Grants for
  • Registered business (Nano Businesses) N1 million -N10 million
  • MSMEs and Manufacturers N5 million – N75 billion

Steps to check if you have been shortlisted for the Presidential Palliative Loan

To check if you have been shortlisted for the Presidential Palliative Loan, you need to visit the official website of the Presidential Palliative Loan Scheme.

The website contains all the necessary information about the loan scheme, including the application process, eligibility criteria, and selection process. Once you are on the website (fedgrantandloan.gov.ng), you can proceed to check your application status by following the steps outlined below.

Click on the “Check Status” button on the website. This will take you to a page where you will be required to enter your personal details and loan application reference number to check your status.

Ensure that you have your application reference number handy, as it is a crucial requirement for checking your status. If you have misplaced your reference number, you can contact the loan scheme’s customer support team for assistance.

Enter your personal details and loan application reference number to check your status. Once you have entered the required information, click on the “Check Status” button. The system will then process your request and provide you with the relevant information about your application status.

If you have been shortlisted, you will receive further instructions on how to proceed with the loan disbursement process. If, on the other hand, your application has been rejected, you may reapply if you meet the eligibility criteria.

Who Can Check the Presidential Palliative Loan Shortlisted Candidates 2024?

Businesses in the six categories listed below are eligible to check the Presidential Palliative Loan Shortlist.

  1. Traders
  2.  Food services
  3. ICT
  4. Transportation
  5. Creatives (makeup artists, fashion designers, and dry cleaners.)
  6. Artisans (vulcanizers, shoemakers, painters, repairers).

Grant Eligibility Criteria

  • Own a nano company.
  • Run a business with progressive economic potential and a drive to expand.
  • Be prepared to hire at least one more employee if turnover increases.
  • Be prepared to give proof of residential/commercial address in the Local Government Area.
  • Provide pertinent personal and bank account information, including Bank Verification (BVN) for identification verification.

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