CBN digitalizes Anchor Borrowers Programme, enlists participating farmers

CBN digitalizes Anchor Borrowers Programme, enlists participating farmers

CBN has introduced a new technology to guide input distribution to farmers under its Anchor Borrowers Programme, which it has spent N55 billion so far to execute and create several jobs. The new scheme has seen biometrics information of the farmers taken, their farms mapped and biometric cards produced for each farmer, to enable their easy identification during the distribution of inputs by the service producers.  


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Key Facts
Loan Rate
  • . Microcredit Agric & collaborations
  • . SME (Production & Working Capital)
  • . Marketing, On-lending to MFBs & Microcredit (Non-Agric)
Loan Condition
  • 20% Lien Deposits
  • 6 months Minimum Customer's Account Relationship
Deposit
  • . Interest Rate
  • Negotiable Fixed Deposit

Branch Location