How To Check Your PYES Approval of Loan Disbursement Facilities

How To Check Your PYES Approval of Loan Disbursement Facilities

Update on the Nigeria Presidential Youth Empowerment Scheme (P-YES) category, run under the Nirsal Microfinance Bank’s Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS).

According to the Senior Special Assistant to the President on Youth and Students Affairs who is the coordinator of PYES, he is glad to announce to applicants that their empowerment loan facility is now approved and procedure for disbursement has commenced.

According to the terms of this category of Beneficiaries, they will receive both the tools and cash as working capital. Use your BVN to check your approval via: Agsmeis.nmfb.com.ng

No collateral is needed only your guarantor details on the portal are required to complete the registration. Repayment tenure to Nirsal Microfinance Bank is 5 Years inclusive of 8 Months Moratorium. For further details and frequent questions visit; agsmeisapp.nmfb.com.ng

The Presidential Youth Empowerment Scheme (PYES) aims to create at least 774,000 empowerment opportunities through direct youth empowerment. Various categories under the PYES programme include

  • Agriculture
  • ICT & Mobile money
  • Fashion
  • Catering
  • Technical Acquisition
  • Healthcare
  • Food and beverages

The initiative with The Presidential Youth Empowerment Scheme, P-YES is designed to run in partnership with State Governments, Multilateral Development Organizations and the private sector, to develop a mechanism for the facilitation of Nigeria’s Employment and Youth empowerment drive.