NYIF Loan Scheme Update | What is the Latest on Disbursement Plan

Applicants of the Nigeria Youth Investment Fund (NYIF) will be in need of this NYIF Loan Scheme Update. If you applied then you need to read this post to get the right information here.

The latest on ground on this NYIF Loan is that the Federal Ministry of Youths and Sports is liaising with the NPF Microfinance Bank to disburse 75 million naira.

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Applicants that got SMS or email from NPF Microfinance Bank to open an account with the bank. Kindly check your email or SMS inbox to know the amount allocated to you. In case you did not find the mail in your inbox, do not fail to check the SPAM folder or other folders in your mail.

You can accept or reject the loan amount following the instructions on the mail or SMS.

Bear in mind that Nirsal Microfinance Bank has initially set the maximum loan amount to N300,000. Candidates that followed the NPF Microfinance Bank instructions was said to have received N250,000 and N650,000 NYIF Loan while others received larger amount but are currently waiting for disbursement into their respective bank accounts.

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Do not forget that your loan amount is based on the information you provided in your business plan. Applicants with higher business idea will be given higher loan amount.

Currently on the NYIF Loan Scheme Update is that no disbursement have been made to anybody. Do not fail to subscribe to this blog so you will not miss out on our daily updates.

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