Business

How to Get N10m Bank Grants as NYSC Member

To get a ten million (N10,000,000) Unity Bank Grants as a National Youth Service Corps, NYSC member is quite simple only if you meet the basic requirements the bank demands.

The first step you need to take is to ensure that there is a business plan developed to a level that when allowed to present your proposal to the bank, it would win the hearts of the investors willing to doll out the cash to start your business.

The practical sense of this discussion has already taken place in the lives of several corps members that were granted the sum of N10m to grow their business ideas.

They started their business presentations by describing the type of business they intend to develop to the investors.

Many ventured into Agriculture, some went into Fashion Designing, and others considered Bakery, among various Micro, small and medium enterprises, MSMEs.

Their businesses would be monitored to see the level of progress attained within the given period with the hopes that those most committed to growing the ideas would be supported with more financial implications to help them stand the test of time.

For those interested in the financial support programme, the name of the project is ‘Corpreneurship Challenge’, and this one would mark the 8th Edition of Unity Bank’s Entrepreneurship Development Initiative, a project that was launched in 2019.

Already, Bank Grants N100m to Winners

So far, the bank’s record shows that no fewer than 88 NYSC members, since the start of the project, have received one hundred million (N100,000,000) to go into different business projects, as the youths cannot depend on the Government for job creation anymore.

It would be important to note that the support project was organised in 10 states around the country. Those. states include Rivers, Delta, Sokoto, Edo, Abuja, Akwa-Ibom, Osun, Kano, Bayelsa and Enugu.

To get the fund, you have to be prepared 100% all the way. It stands as an entrepreneurial contest among promising Nigerian youths, all gunning for the ultimate price to become self-reliant and employment creators in the long run.

The just-concluded competition had winners from the Fashion Industry who goes by the name Moses Gloria. She won a five hundred thousand (N500,000) grant because of her fabric production company idea.

A runner-up by the name of Emmanuel Adole received the sum of three hundred thousand (N300,000) as a budding commercial rice farmer.

The third person on the list got an amount quite lower than the previous winner for coming third during the idea presentation. Her name is Okotie Racheal Dokubere, and she received the sum of two hundred thousand (N200,000), among other contestants that got the bank grants.

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