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.
KWACOBPA MATTA Girls Foundation Bayo Ajia Magaji Nda Maimunat Oniyangi Abdulkareem Alabi Amusa Bello AbdulRazaq AbduMajeed Alaro Centre For Digital Economy Garba Idris Ajia Bola Tinubu Hijab John Mayokun Dada Shonga Olufolake Abdulrazaq Madawaki Sheu Ndanusa Usman Kolawole Akande Inside Kwara UNILORIN Alumni Chief Of Staff UNILORIN Alumni Association Ishaq Oloyede Abubakar Lah Mustapha AbdulGaniyu Gbenga Awoyale Esinrogunjo Split Diamond Interchange Suleiman Idris School Of Nursing Rebecca Bake Orisun Igbomina Yusuf Lanre Badmus Yusuf Olaolu Ali Pakata Development Association Voices Of Tomorrow Mukhtar Shagaya Kwara State Branch Of The National Library CCEPE Mamman Saba Jibril Kola Bukoye Otuka Baba Issa Cornelius Adebayo Tayo Alao Ogidi-Oloje Okiki Tuesday Assayomo Ayodele Shittu Sidikat Akaje Afonja Woro Funke Adedoyin Bayer AG Babata Joseph Bamigboye Economic And Financial Crimes Commission 3MTT Kaiama Principal Private Secretary Ganmo Electricity Sub-Station Kwara Polytechnic Agbarere Fatai Olodo Zubair Folorunsho Erubu Saadatu Modibbo-Kawu Turaki Timothy Olatunde Fadipe SGBN IHS Aliyu Umar Ayobola Ipinlaiye Oke Sunna Mustapha Olanipekun Kwara State Infrastructure Development Fund Minister Funmi Salau

