APPLY || Ghana Government COVID-19 stimulus package for businesses and individuals

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The National Board for Small Scale Industries (NBSSI) invites you to apply for the Coronavirus Alleviation Programme (CAP) Business Support Scheme.

The purpose of the Scheme is to support MSMEs to Alleviate impact of coronavirus against job losses, and livelihoods.

Categorisation:
Micro – with number of employees from 1 – 5
Small – with number of employees from 6 – 9
Medium – with number of employees from 30 – 39

Who are the Target Beneficiaries?
Operating & Distressed MSMEs
Existing enterprises nationwide with verifiable evidence of business activities gravely impacted by COVID-19 pandemic
COVID-19 Related Enterprises
Potential and existing businesses with bankable plans or producing items to support the fight against the COVID-19 pandemic

Which sectors and MSMEs will benefit from this support?
Healthcare and Pharmaceuticals
Manufacturing
Tourism and Hospitality
Water and Sanitation/PPEs
Agri and Agro-businesses – food and beverages incl.
Education
Textiles and Garments
Commerce/Trade
Services

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Minimum Eligibility Criteria:
Might vary by Micro and Small and Medium Enterprises. Considering that the informal
sector are usually Micro businesses.
Micro, Small and Medium Enterprises (self- employed, limited liability, sole proprietorship, partnership, joint ventures)
Must be located in Ghana
Enterprises running for at least six months from March 2020
Registered businesses/enterprises – RGD/District Assembly (Micro/Informal)
TIN Number
Businesses/Enterprises that are adversely impacted by COVID showing evidence
Businesses/Enterprises that are producing goods or services that support the fight against COVID
Member of an association, a trade group or registered with NBSSI
Businesses with between 1 – 99 employees

The terms of Loan:
Interest Rate: 5%
Moratorium: up to 1 year
Repayment Period: 2 – 3 years
Processing Time: up to 2 weeks from completion of application
Fund Disbursement Close Date: 3 months for all disbursements of fund

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What do I need to be able to apply? ( Requirements )
Businesses:
Might vary by Micro and Small and Medium Enterprises. Considering that the informal
sector are usually Micro businesses.
TIN Number for all MSMEs
ID Cards – Passport, Voter ID, Drivers Licence, Ghana Card
Passport Picture – Electronic/Hard Copy
Annual Sales – Information

Target Purpose of Concessionary Loan
1. Procurement of raw materials for immediate use
2. General operational and administrative expenses – rent, salaries, utilities etc
3. Any other need of the MSMEs that positively impacts the business and retains human
resource

HOW TO APPLY

CLICK HERE TO APPLY ONLINE

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Note that your contact “mobile” phone number provided should be accurate and preferable a registered Money Transfer number since some of the facilities would be disbursed through mobile money.

NOTE:

UNDER NO CIRCUMSTANCE SHOULD AN APPLICANT PAY MONEY TO ANYONE IN GETTING A JOB WE HAVE PUBLISHED 

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