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3000 Kwara SMEs to get Post-COVID 19 Relief Grants

-First Phase Enumeration Begins in the last week of June

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Grace Egila

No fewer than 3000 small-scale business owners are to benefit from the first batch of operational cost grants under the Kwara COVID-19 Action Recovery and Economic Stimulus (CARES) Program.

The Operational Grant Team Lead, Jaiye Jegede in a statement on Sunday said the program, is a World Bank initiative to be underwritten by the Kwara State Government.

And is designed to cushion the effects of COVID-19, improve the state of Macro, Small & Medium Enterprises (MSMEs); boost the local economy, and increase the employment rate in Kwara state.

According to the statement, 4,225 successful applicants underwent the vetting process for disbursement linked indicator, DLI 3.2.

At the end of the vetting process, over 3,000 successful applicants are currently being contacted for enumeration by agents from the Bank of Industry,” DLI 3.

Jegede announced that over 20,000 applicants from across all 16 local governments had applied through a hybrid of online and offline registration processes at the Ministry of Business, Innovation, and Technology, and the Kwara state Social Investment Programs office.

“Following the registration which was open to all small business owners in Kwara state, over 4,000 successful applicants for the Operational cost grants (also known as disbursement linked indicator 3.2) were contacted by the Bank of Industry, who are the implementing partners to fill a vetting form and request for further information on their businesses.”

He further explained that the program would kick-off disbursement with the Operational cost grants also known as DLI 3.2, followed by the Credit grant and IT enhancement grant.

The program is focused on improving the employment rate and ease of running businesses in the state.

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