Apply For Graduate Entrepreneurship Fund (GEF) for NYSC Members Worth N2m
The graduate entrepeurship fund (GEF) invites applications from serving corps members for its grants. This a special N2.5 bilion empowernment programme for serving members of the National Youth Service Corps (NYSC) which was launched on October 5, 2015. This novel scheme is a joint initiative of the Bank Of Industry and National Youth Service Corps.
To encourage graduate especially serving Corp members to embrace entrepreneurship and become job creators rather than job seekers.
To help address the entrepreueship capacity gap of serving Corp members who are expected to produce bankable business plans after the 3 day caacity building programme.
Deepen financial inclusion by de-risking the NYSC members and making them eligible for concessional loans for loans between 500,000 and 2 million naira to be provided by the bank of industry.
Ensure the sustainability of the businesses of eventual loan beneficiaries through efective monitoring by NYSC and BOI.
Eligible youth can apply for the loan through this portal http://www.yiedp-hbng.com/ using his/her NYSC State Code.