See How to Apply for the NYSC/YIEDP Business Loan 2023/2024

This post is about the NYSC/YIEDP Business Loan Application Form in Nigeria and steps to access it online successfully. The National Youth Service Corps (NYSC) can be your lucky ticket to get a loan from the Federal Government, through the Central Bank of Nigeria (CBN) and Heritage Bank, in partnership with Youth Innovative Entrepreneurship Development Programme (YIEDP).

One of the reasons the Central Bank of Nigeria (CBN) gives loans to graduate is to help them in starting a business, be self employed and to enable them create employment opportunities for other people around them.

How does the NYSC/YIEDP Business Loan Works

As stated by the Youth Innovative Entrepreneurship Development Programme (YIEDP), a youth can apply for a  Central Bank of Nigeria (CBN) business loan of up to N3 million, and a group of 3-5 persons can also apply for a loan of up to N10 million.

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Heritage Bank has been chosen by the Central Bank of Nigeria ot oversea the YIEDP. The programme is an innovative scheme aimed at harnessing the entrepreneurial skills among the teeming Nigerian youths by providing quick and affordable loans to help them implement their business ideas.

Eligibility for the NYSC/YIEDP Business Loan Application Form

To be considered for the NYSC/YIEDP Business loan, applicants must meet the following requirements;

-      Applicants must be between the age bracket of 18 and 35 years.

-      Applicant must be a serving Corp member, or ex-corps member of not more than 5 years from service.

    Applicants must have a feasible Business plan.

Applicants must have a business or business ideas related to any of the following fields;

-      Agro-allied

-      Technology (ICT)

-      Automobile

-      Power and Energy

   Construction Support

-      Education and Financing

-      Food Processing

-      Manufacturing

-      Cottage industry,

-      Others

See How to apply for the NYSC/YIEDP Business Loan Application 2023/2024

To apply for the scheme, you must visit the application portal online using the link here; : https://www.yiedp-hbng.com/.

You must also use your NYSC state code to make the application successful.

you must make an individual or group request for the loan online.

Applicants must have a functional email address and phone number

Applicant must have the mandatory National identification Number (NIN) to be able to process the application online.