SEIFAC Loan Registration Portal 2024/2025 for CBN Anchor Borrowers Fund

SEIFAC Loan Registration Portal

SEIFAC Loan Registration Portal Login | How to Apply

SEIFAC Loan Registration Portal 2024/2025 for CBN Anchor Borrowers Fund –The SEIFAC CBN Anchor Borrowers Programme 2023 is now accepting registrations for the 2024/2025 Wet Cropping Season. 

The program encourages Smallholder Farmers and Cooperatives nationwide to farm in Agricultural Production Clusters (Agro-PCs), a cluster farming model designed to address challenges faced by small-scale farmers.

The Nigerian central bank launched the anchor borrowers program on November 17, 2024, to boost the country’s agricultural sector in line with its mission of national growth and development.

The program, led by President Muhammadu Buhari, aims to establish connections between anchor companies and smallholder farmers by offering loans, agricultural equipment, and farming strategies.

Since its establishment, the CBN has introduced various schemes and incentives, including the SEIFAC/CBN anchor borrowers program.

The SEIFAC registration application form portal (2024) and SEIFAC project account are now open for interested applicants.

SEIFAC Loan Registration Portal 2024/2025 for CBN Anchor Borrowers Fund 

The program aims to fund 1.6 million farmers nationwide to ensure food supply with a 5% interest rate, reducing the usual 10%, to meet the repayment plan, despite not being a grant.

The SEIFAC/CBN Anchor Borrowers Programme offers funding assistance to small agricultural farmers who lack funds to sustain their businesses, aiming to enhance their agricultural operations.

SEIFAC, or Smallholder Economic Interest Farmers Agricultural Cooperative, refers to a grant program that requires applicants to be members of a cooperative, regardless of its size, to be considered.

This article provides an in-depth explanation of the SEIFAC/CBN Anchor Borrowers Programme, which focuses on Smallholder Farmers and cooperatives.

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Who is Eligible to Apply for the SEIFAC/CBN Anchor Borrowers Programme

SEIFAC loans are available to anyone with farming interests, as membership and registration into its agro-PC cluster are free, despite its specific eligibility criteria.

The application process has an age limit, as individuals under 18 cannot apply for loans.

SEIFAC Loan Registration Portal 

 https://seifac.org/register is the recruitment portal for the CBN Anchor Borrowers Fund program. Interested persons are hereby advised to visit this portal, register, and apply for the available loan program.

How to Apply for SEIFAC Loan/CBN Anchor Borrowers Fund

All prospective and qualified applicants are hereby invited to apply for the ongoing SEIFAC Laon/CBN Anchor Borrowers Fund program via https://seifac.org/register while following the steps below.

Step 1: SEIFAC/CBN Anchor Borrowers Fund Profile Creation

Candidates that are up to 18 years of age can create a profile and register as a SEIFAC member, and they also qualify for the SEIFAC/CBN Anchor Borrower Programme, and other SEIFAC programs and services.

Step 2: Registration

To register for SEIFAC Smallholder Farms Membership/CBN Anchor Borrowers Programme, applicants must be 18 years old and interested in farming one of our enterprise crops in Agro-PC’s cluster farming model.

Step 3: Application

Apply for SEIFAC/CBN ABP for the 2024/2025 Wet Cropping Season by logging in to your profile and selecting your preferred crop production enterprise based on geographical region, soil suitability, and comparative advantage.

Step 4: Project Account

To access your SEIFAC Project Account, open it with our Official Bankers via email and visit our website. Upload your project account and BVN to your profile at 0.00 am.

How to Login to the SEIFAC/CBN Loan Application Portal 

This is for registered users only. After completing SEIFAC registration, log in to the SEIFAC loan application portal, following the steps below.

  • Go to http://seifac.org
  • Type in your username/email address and password.
  • Then click on Sign in to access your profile.

Payment of the loan

The Nigerian central bank’s anchor borrowers program mandates that loans given to smallholder farmers be repaid with harvested produce, in line with any provisional agreement.

Loan payments are regulated by SEIFAC, and interest payments are typically communicated upon loan approval.

Frequently Asked Questions

1. How do I access my CBN anchor borrowers fund?

Anchor expresses interest in PFI, the Commodity Association/Cooperative, and the State Government for targeted agricultural commodities, indicating their support for the CBN.

2. What are the guidelines for the anchor borrowers program?

The Anchor Borrowers’ Programme mandates farmers to repay loans with produce, covering principal and interest, to an anchor, who then pays the cash equivalent to the farmer’s account.

3. What are the benefits of the anchor borrowers program?

The ABP program provides farm inputs in kind and cash to smallholder farmers to boost production, stabilize input supply, and address the country’s negative food payment balance.

4. How to apply for CBN ties in Nigeria?

Apply online at https://cbnties.com.ng with required documents like first degree, NYSC discharge, valid mobile number, BVN, NIN, TIN, email address, and certified business registration.

5. Who is eligible for student loans in CBN?

To be eligible, applicants must have an annual income of less than N500,000 and provide at least two guarantors, each of whom must be a civil servant, lawyer, judicial officer, or justice of peace.

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    Meet Mr. Smith, a seasoned professional with a wealth of experience as an author and researcher at Recruitment Portfolio. With a passion for words and a keen eye for detail, Mr. Smith has become a cornerstone of our team, bringing a unique blend of creativity and analytical prowess to his work.

About Smith 158 Articles
Meet Mr. Smith, a seasoned professional with a wealth of experience as an author and researcher at Recruitment Portfolio. With a passion for words and a keen eye for detail, Mr. Smith has become a cornerstone of our team, bringing a unique blend of creativity and analytical prowess to his work.

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