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.
Dorcas Afeniforo Afusat Nike Ibrahim Charcoal Abdulbaqi Jimoh Pilgrims Board Bello Abubakar Amule Elementary School SSA Youth Titus Suberu-Ajibola Mahe Abdulkadir Musa Alhassan Buge Tope Daramola KWATMA Obasanjo Sobi Specialist Hospital Abdulhakeem Amao Tafidan Kaiama Bello Bature Afolabi-Oshatimehin Agbarigidoma Saka Asiat Ayinke M.Y. Abdulrahaman Unilorin Abdulsalam A. Yusuf Sulyman Age AbdulKareem Azeez Salawu Wahab Egbewole Hikmah AbdulKareem Taofeek Ibraheem Mohammed Halidu Sheikh Alimi Lawyers Unite Against Corruption Surajudeen Akanbi KWASSIP Ganmo Adebara Baba Adini Of Kwara State Kwara Consultative Forum Neo Mundo Ltd Yusuf Abdulraheem Rotimi Atere Abdulmajeed Abdullahi Owode Market Oba Abdulrahim Olofa Of Offa Assayomo Federal Neuro-Psychiatric Hospital Obayomi Azeez Musa Aibinu Ibrahim Jawondo MMWG Clara Nwachukwu Kwara State Sports Commission Adamu Ibrahim Sabi Garba Idris Ajia Peter Obi 20 Billion Bond Yunus Oniboki Abubakar Abdulraheem NIPR Saeedat Aliyu Lanre Jimoh TIC HYPPADEC Centre For Peace And Strategic Studies Plat Technologies Yoonus Lawal Ebun-Olu Adegboruwa Amoyo Madawaki Of Ilorin Olayinka Oladapo Jogunola Chemiroy Nigeria Limited Ojo Isekuse CCT Bola Tinubu Al-Hikmah University Ike Ekweremadu

