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.
Dasuki Belgore Abdulsalam Firdaous Amosa Kwara Apc Ahmed Ayinla Jimoh Ogidi-Oloje LAK Jimoh Yakubu Danladi Suleiman Alege Kuranga Mohammed Lawal Bagega Ibrahim Oniye Lateef Alagbonsi Kwara State University Of Education Apado Playing Host Umar Ayinla Saro IYA ALFA NLA Kayode Laro Patience Jonathan Aso-ofi Pakata Development Association Monkey Pox Geri-Alimi Split Diamond Interchange Idowu Aremu Clement Yomi Adeboye Chief Of Staff Olofa Of Offa Tunji Arosanyin Baboko Primary School Ilorin Talaka Parapo Ayotunde Emmanuel Alao Tsaragi/Share Eghe Igbinehi Abubakar Lah Offa Descendants Union Elections Age AbdulKareem Popo-Igbonna Saliu Shola Taofeek Mary Kemi Adeosun Alfa Modibbo Belgore Bayer AG Lanwa Agboola Babatunde Smart School Muideen Olaniyi Alalade Okin Biscuit Akanbi-Oke Kwara Hotel James Ayeni Moses Adekanye Lawal Jimoh Summit University Temi Kolawole Oba Mogaji Abdulkadir Rapheal Ashaolu UNILORIN Alumni Ilorin South Kabir Shagaya Ilorin Water Reticulation Asiwaju Bola Tinubu Sunday Fagbemi Mujtabah Bature T And K FOODS Congress For National Consensus Police Commissioner Abdulrazaq Magaji Alumni Association Of The Federal Polytechnic Offa Abdulquowiyu Olododo Abdullahi Samari Abdulrazaq Aiyelabegan Ibrahim Agboola Gambari Ojuekun Sarumi JMK Construction Company Limited Abubakar Imam Saliu Alamoyo Tosho Yaqub AGM Professional Services

