Latest News On Nirsal Microfinance Bank Loans For Today Monday 16th August 2021

Latest News On Nirsal Microfinance Bank Loans For Today Monday 16th August 2021

Many Applicants are eager to get the latest happenings on the Nirsal Microfinance Bank Loans and due to too many questions we have been getting from applicants about the Loans, we have gathered all the latest updates about the NMFB Loans.

You may also want to read How To Apply For GEEP Loan 2021/22 – All You Need To Know

Below are the latest news On Nirsal Microfinance Bank Loans For Today Monday 16th August 2021

1. Nirsal Microfinance Bank Sends Important Notice To Covid-19 TCF Applicants

The Nirsal Microfinance Bank has sent important notice to all Targeted Credit Facility (TCF) regarding the Delay in Disbursement of the loan to successful applicants and also advised applicants to report any agent collecting money in order to get their loans accepted.

This was disclosed on their official Instagram account on Friday 13th August. Click Here to read more

2. AGSMEIS Loan Update: FG Gives Out Loan To Thousands of AGSMEIS Applicants

The Central Bank Of Nigeria, on 27th July 2021, continued its massive payment of the Agri-Business/Small and Medium Enterprise Investment Scheme Loan to all successful beneficiaries across the federation.

This was confirmed by many applicants of the Scheme who have successfully completed all the procedures required to access the fund. They were credited directly to their bank accounts.

3. NMFB Sends New Directive To TCF And AGSMEIS Loan Applicants

The Nirsal Microfinance Bank has sent a new directive to Covid-19 Targeted Credit Facility (TCF) and Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) Loan Applicants on what to do in order to avoid being scammed.

The Nirsal Microfinance Bank has come out to warn TCF applicants that the Covid-19 Targeted Credit Facility is a Loan and not a Grant and also bring to their knowledge that NMFB will not ask anybody for money in order to access the loan.

4. FMYSD Insists on Training Before Loan Approval And Disbursement

The Federal Ministry of Youth and Sports Development has Insisted that NYIF beneficiaries will undergo training before loan approval and disbursement.

After the “Account Update” made by the applicants of the Nigeria Youth Investment Fund which was directed by the Federal Ministry of Youth and Sports Development, the majority of the applicants thought after the Account Update, the next step will be disbursement of the NYIF loan to the Applicants who had successfully updated their Bank Accounts, assumed cancellation of the “Training”.

In a report, the Federal Ministry of Youth and Sports Development has clarified that the Training of the applicants of the Nigeria Youth Investment Fund is not an option but an essential and compulsory process in assessing the NYIF Loan, which every applicant must undergo regardless of region or caliber.

That’s all for the latest news on Nirsal Microfinance Bank Loans for today Monday 16th August 2021, make sure to share this with your friends and loved ones that applied for any of the NMFB Loans to keep them informed about the new happenings.