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.
Ubandoma Of Ilorin T And K FOODS Saliu Mustapha Maimunat Oloriegbe Durosinlohun Atiku Gbemisola Saraki Taofeeq Olateju Dar-Al-Handasah Consultants Ltd Babaita Elesie Of Esie Abdullahi Atanda Revenue Court Sodiya Suleiman Abubakar Olatunji Ayeni A.E. Afolabi NFAI FERMA Valsolar Ghali Alaaya Yahaya Oloriegbe Garba Dogo Oke Sunna Jeunkunu-Malete-Bani Bisi Oyeleke National Information Technology Development Agency Photo News Lanre Badmas CACOVID Palliatives Omoniyi Ayinla Fatima Abolore Jimoh Tsado Manman Iyaloja-General Toyosi Thomas Yakubu Dogara Sayomi Abiodun Abdulkareem General Tunde Idiagbon International Airport Chikanda Balikis Jawondo General Hospital, Ilorin Ayekale Lanre Olosunde Dorcas Afeniforo Saka Adeyemo Gaa Olobi Amusa Bello Aasiyat Bello Oyedepo Olushola Saraki Rex Olawoye Police Commissioner Junior Secondary School Certificate Examinations Salihu S. Yaru Kwara State Television Oloje Gbenga Awoyale Kwara Central Ajibike Katibi Abubakar Ndakene Summit University Abdulmumini Jawondo Ishaq Salman Bello Oyedepo Fatimat Saliu Muhammad Yahya Sardauna Chief Imam Of Lafiagi Bursary Abdullahi Biffo Saidu Kawu Umar Saro Adesoye College Ilorin Airport Idiagbon Toyin Saraki Shoprite Isaac Aderemi Kolawole

