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.
Senior Special Assistant On Student Affairs Special Agro-Industrial Hub Government High School (GHS), Adeta Tinubu Legacy Forum Mogaji Aare Ayeyemi Sulaiman Suleiman Ajadi Olokoba Zulu Gambari Kayode Ibrahim Alabi Olayemi Abdulrazak Taofik Abdulkareem Isiaka Yusuf Fatai Garuba Labaka IsDB Saliu Ajibola Ajia Assayomo Esinniobiwa Quareeb Abdulkadri Ahmad Alaiye Mohammed Haruna Kwara State Coalition Of Business And Professional Associations Yusuf Ali Abubakar Abdulraheem Dasuki Belgore Riskat Opakunle Mohammed Abdulahi Umar Ayinla Saro NURTW Abdulmumini Jawondo Abdul-Rahoof Bello Offa Grammer School Babata Sulyman Buhari Teachers Specific Allowance Adebara Ibikunle Ogunleye Abubakar Bature Sulu-Gambari Binta Abubakar Mora Sulyman Tejidini TVC Female National Debate CT Ayeni Abubakar B.M Apaola National Pilot Umar Yakubu Jaja Adamu Ibrahim Sabi Kwara United Chief Of Staff Dumagi Kale Ayo Busari Alabi Alausa Ahmed Saidu Rufai Ajasse-Ipo Damilola Yusuf Adelodun Femi Agbaje Mutawali Usman Yunusa Moronfoye Labaeka Suraj Tunji Oyewale Muhammad Mustapha Suleiman Tsaragi Ohoro Of Shao Shao Abdulazeez Arowona Jimoh Olusola Imam Ahmed \'Lateef AbdulRaheem Ahmad Shayi Popo-Igbonna Lateef Fagbemi Lukman Adeloyin Alao Ayotunde Minimum Wage Gbemi Saraki Amasa Shuaibu Yaman Abdullahi Wakilin Mata Lafiagi

