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.
Awoye Mahmud Ayinla Giwa Oke Sunna Olaiya Zuberu Ajia-Bako Fatai Adeniyi Garba UNILORIN Alumni Bank Of Industry Ibrahim Gambari Ebun-Olu Adegboruwa IF-K Kazeem Oladepo Oba Sulaiman Asude UNILORIN Alumni Association Samuel Olusegun Adedayo Dunmade Jaiz Bank Samari Raymond Olaitan Gbemisola Saraki Arandun Vasolar-Kwara Company Ltd Cassava Growers\' Association AbdulGaniyu Kareem Amuda Aluko Atunwa Rafiu Olasile Prince Mahe Abdulkadir Adamu Attah Abdulraheem Olesin NYSC Kayode Zubair Olatunde Olukoya Lateef Ademola Olatunji Yunus Lawal Hijab Amuda Musbau Noah Yusuf Emmanuel Olatunji Adesoye Femi Oladiji Omu-aran Olaiya Lawal EndSARS Muslim Cementary Share Ayobami Seriki Bolakale Ayo Kwara State Council Of Chiefs Funmilayo Braithwaite Kupchi Hosea Maxwell Aro Yahaya Abdulrazaq Aiyelabegan Abubakar Lah Olubukola Kifayat Adedeji Okanlawon Taiwo Agbarere Ijagbo Mutawalle Edret Sabi Abel MMWG Tafida Abiodun Abdulkareem Mumini Ishola Hanafi Kwara State Polytechnic Yusuf Abubakar HAMFAT Clinic And Maternity Aisha Abodunrin Ibrahim Adolescent Girls Initiative For Learning And Empowerment Odo-Owa Ado Ibrahim Igbaja Ebola Erin-ile Akeem Olatunji Nagode Saheed Akinwumi Chief Imam Of Ilorin

