Are you a serving NYSC member looking for funding for your business? Well, the NYSC Trust Fund Scheme is to the rescue! The NYSC Trust Fund Loan has been made available for all Serving corps members or prospective corps members. If you are interested in applying for the NYSC Trust Fund Loan, read this article.
In this article, you will learn all there is to know about the NYSC Trust Fund Registration Portal 2024 and at the end of the article, you will be able to access the portal and apply for the loan without any hassles.
NYSC Trust Fund Registration Portal 2024
The National Youth Service Corps(NYSC) has announced that the registration portal for the NYSC Trust Fund Loan is now open. Prospective and active Corp members who are interested in the loan can now visit the portal and register for the loan.
The NYSC Graduate and Entrepreneurship Trust Fund Scheme came into existence in 2022. The Bank of Industry (BOI) in collaboration with the National Youth Service Corps came up with this scheme to provide loans for Corps members who want to start businesses. This scheme was initiated in an effort to ensure the creation of jobs and opportunities for over 100 million Nigerian youths in the next ten years.
Are you interested in being a beneficiary of the NYSC Trust Fund Loan? You must ensure that you are an active corps member before proceeding to apply for this loan. We will walk you through the process of registering and applying for the NYSC Trust Fund Loan carefully to ensure a smooth registration process. Below, we have listed the requirements for applying for this loan, ensure that you meet the requirements before applying.
Requirements for NYSC Trust Fund Registration
Corps member who are interested in the NYSC Trust Fund Loan must have the following to qualify for the loan.
- Business Plan: Applicants must have a well drawn business plan or proposal. This will give the officials an insight into their business idea and strategy.
- Government Identification Card: Applicants must present a government-issued identification card.
- NYSC ID Card: Applicants must present National Youth Service Corps identification card(Only active corps members have an NYSC Id card)
- Guarantor: Applicants must have a guarantor who must hold a minimum rank of level 7 in the civil service. Guarantors could be professionals such as a bankers, medical doctors, lawyers, clergymen, accountants, or elected public servants.
How to Apply for NYSC Trust Fund 2024
Corps members who are interested in the NYSC Trust Fund Loan can follow the procedure below to register and apply for the loan smoothly.
- Visit the BOI website at www.boi.ng/graduate-entrepreneurship-fund/
- Create an account with your active email and password.
- Fill out the online application form correctly.
- Attach the required documents.
- Review the application and ensure that you have filled all required columns.
- Submit your application.
- Shortlisted candidates will be contacted via email and text message. Ensure that you check your email regularly for information confirming that you qualify for the loan.
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