NYSC partner with Heritage Bank to
grant corps members loan
Youth Innovative Entrepreneurship
Development Programme
In recognition of NYSC commitment to SME and Youth
development , Heritage Bank has been adopted by the
Central Bank of Nigeria (CBN) as the sole pilot bank
for the Youth Innovative Entrepreneurship Development
Programme (YIEDP). The programme is aimed at
harnessing the latent entrepreneurial spirit among the
teeming youths by providing timely and affordable
loans to implement their business ideas. This further
provides a sustainable mechanism to stimulate
employment, contribute to the Nation’s non-oil GDP, and
address the challenge of youth restiveness.
The following categories of youth (aged 18 – 35)
are eligible under this scheme:
1. Serving youth corps members
2. Non-NYSC (not more than 5 years post NYSC)
Qualified Business Sectors:
1. Agro – Allied
2. Food Processing / Preservation
3. Arts & Crafts
4. Manufacturing / Cottage Industry
5. Information & Communication Technology
(ICT)
6. Construction Support
7. Power & Energy
8. Education & Financial Inclusion
9. Film & Photography
10. Automobile
11. Others
The details below are relevant for all eligible youth:
Eligible youth can apply for the loan
through this portal http://www.yiedp-hbng.com/ using his/her NYSC State Code.
Applications can be made as an Individual
or as a group (of 3-5 applicants with similar
business interest)
A single applicant can access up to
facility limit N3m while group project
jointly owned by 3-5 qualified beneficiaries
can access up to a facility limit of N10m.
Applicants can also track application status
via the same portal.
Security: Graduate entrepreneurs will use their
tertiary institution(s) certificate(s) and their
NYSC discharge certificate. Serving Corp
members will pledge their NYSC discharge
certificate and their tertiary institution(s)
certificates(s). Also, legal ownership of assets
financed by the Bank and 3rd party
guarantors will be requested as additional
collateral from all entrepreneurs.
HAS ANY CORPER BENEFITTED FROM DIS..PLS SHARE IF U HAVE AND LETS PASS D WORD

Pls does it sincerely work? Has anyone benefited from it?

Anyone

[quote author=philmaxx post=46715504]NYSC partner with Heritage Bank to
grant corps members loan
Youth Innovative Entrepreneurship
Development Programme
In recognition of NYSC commitment to SME and Youth
development , Heritage Bank has been adopted by the
Central Bank of Nigeria (CBN) as the sole pilot bank
for the Youth Innovative Entrepreneurship Development
Programme (YIEDP). The programme is aimed at
harnessing the latent entrepreneurial spirit among the
teeming youths by providing timely and affordable
loans to implement their business ideas. This further
provides a sustainable mechanism to stimulate
employment, contribute to the Nation’s non-oil GDP, and
address the challenge of youth restiveness.
The following categories of youth (aged 18 – 35)
are eligible under this scheme:
1. Serving youth corps members
2. Non-NYSC (not more than 5 years post NYSC)
Qualified Business Sectors:
1. Agro – Allied
2. Food Processing / Preservation
3. Arts & Crafts
4. Manufacturing / Cottage Industry
5. Information & Communication Technology
(ICT)
6. Construction Support
7. Power & Energy
8. Education & Financial Inclusion
9. Film & Photography
10. Automobile
11. Others
The details below are relevant for all eligible youth:
Eligible youth can apply for the loan
through this portal http://www.yiedp-hbng.com/ using his/her NYSC State Code.
Applications can be made as an Individual
or as a group (of 3-5 applicants with similar
business interest)
A single applicant can access up to
facility limit N3m while group project
jointly owned by 3-5 qualified beneficiaries
can access up to a facility limit of N10m.
Applicants can also track application status
via the same portal.
Security: Graduate entrepreneurs will use their
tertiary institution(s) certificate(s) and their
NYSC discharge certificate. Serving Corp
members will pledge their NYSC discharge
certificate and their tertiary institution(s)
certificates(s). Also, legal ownership of assets
financed by the Bank and 3rd party
guarantors will be requested as additional
collateral from all entrepreneurs.
HAS ANY CORPER BENEFITTED FROM DIS..PLS SHARE IF U HAVE AND LETS PASS


pls I will like to know if concrete block business is recognised by yiedp. thanks

Yea... It is supported.... Under construction