3,000 Kwara SMEs to Get Post-COVID-19 Relief Grants
About 3,000 Small Scale Business Enterprises(SMEs) owners in Kwara State have been selected to benefit from the first batch of operational cost grants under the Kwara COVID-19 Action Recovery and Economic Stimulus (CARES) Programme.
The programme, a World Bank initiative to be underwritten by the state government, is designed to cushion the effects of COVID-19, improve the state of MSMEs to boost the local economy, and increase the employment rate in Kwara State.
The Operational Team Lead of the Kwara COVID-19 Action Recovery and Economic Stimulus (CARES) Programme, Mr. Jaiye Jegede, stated this in Ilorin in a statement yesterday.
He said: “4,225 successful applicants underwent the vetting process for disbursement linked indicator, DLI 3.2.
At the end of the vetting process, over 3,000 successful applicants are currently being contacted for enumeration by agents from the Bank of Industry”.
Jegede announced that over 20,000 applicants from across all 16 local governments had applied through a hybrid of online and offline registration processes at the Ministry of Business, Innovation and Technology and the Kwara state Social Investment Programmes office.
“Following the registration, which was open to all small business owners in Kwara state, over 4,000 successful applicants for the operational cost grants (also known as disbursement linked indicator 3.2) were contacted by the Bank of Industry (BoI), who are the implementing partners to fill a vetting form requesting for further information on their businesses,” he added.
The statement explained that the programme would kick off disbursement with the operational cost grants also known as DLI 3.2, followed by the Credit grant and IT enhancement grant.
“The programme is focused on improving the employment rate and ease of running businesses in the state,” it added.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Islamiya Abdulraheem Adebara Kwara South Fatimoh Lawal Ibrahim Kayode Adeyemi Sardauna Sobi Specialist Hospital Abdulrazaq Solihudeen KWTV Tunde Yusuf Belgore Kwabes Baruten Omoniyi Aisha Buhari Bamidele Aluko Afeyin-Olukuta Lithium Ibrahim Abiodun GANZY Isin John Kehinde Salako Awwal Jawondo Olatinwo BECE Adamu Ibrahim Sabi Omar Bolaji Gambari Ministry Of Women Affairs And Social Development Joseph Alex Offorjama Abdulfatai Ahmed Na\'Allah Kola Olota Yusuf Abdulwahab Siddiq Adebayo Idowu Salawu Toyin Saraki Usman Rifun Ibrahim Oniye Ibrahim Agboola Gambari Mary Kemi Adeosun Abatemi Usman Mohammed Lawal Bagega Lanwa Tanke Flyover Bridge IEDPU Balogin Alanamu Femi Oladiji RTEAN Kwara State Television Malete Mary Arinde Ajayi Okasanmi Federal Polytechnic Offa Ilorin Metro Park Mohammed Abduraheem Awoye Ayobami Seriki Jalala Rotimi Atere Tope Daramola Sunset Workers Abdulganiyu AbdulAzeez Earlyon Technologies NULGE Wahab Femi Agbaje Aliyu Sabi Ilorin Muslim Community Abdullahi Imam Abdullahi Hausa Tosho Yaqub Yusuf Abdulkadir Kanu Agabi Omotoso Kayode Oyin Zubair Saka Adeyemo Olatunji Abdulmumeen Kwara State Polytechnic Fatimat Saliu

