{"id":178,"date":"2024-06-02T15:12:27","date_gmt":"2024-06-02T15:12:27","guid":{"rendered":"https:\/\/plotterwave.com\/blog\/?p=178"},"modified":"2024-06-02T15:12:27","modified_gmt":"2024-06-02T15:12:27","slug":"boi-extends-application-deadline-for-rapid-loan-apply-now","status":"publish","type":"post","link":"https:\/\/plotterwave.com\/blog\/boi-extends-application-deadline-for-rapid-loan-apply-now\/","title":{"rendered":"BOI Extends Application Deadline For RAPID Loan &#8211; Apply Now"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><strong>BOI Extends Application Deadline For RAPID Loan &#8211; Apply Now<\/strong><\/p>\n<p>If you own a <a href=\"https:\/\/plotterwave.com\/blog\/top-10-online-businesses-for-students-with-no-experience\/\"><strong>micro or small business<\/strong><\/a> and still looking for loan to boost your business, you will be happy to know that Bank of Industry (BOI) has extended the deadline for the Rural Area Program for Investment and Development (RAPID) to <strong>June 12, 2024<\/strong>, so you still have the opportunity to submit your application before new deadline.<\/p>\n<p>According to a statement on BOI official X handle, it highlighted the importance of this extension. \u201cThe application deadline for the RAPID initiative has been extended to June 12, 2024, allowing all interested entrepreneurs the opportunity to participate,\u201d the bank said.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/plotterwave.com\/blog\/boi-extends-application-deadline-for-rapid-loan-apply-now\/#About_BOI_Rapid_Empowerment_Program\" >About BOI Rapid Empowerment Program<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/plotterwave.com\/blog\/boi-extends-application-deadline-for-rapid-loan-apply-now\/#Funding_Details\" >Funding Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/plotterwave.com\/blog\/boi-extends-application-deadline-for-rapid-loan-apply-now\/#How_To_Apply\" >How To Apply<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"About_BOI_Rapid_Empowerment_Program\"><\/span><strong>About BOI Rapid Empowerment Program<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <a href=\"https:\/\/plotterwave.com\/blog\/boi-rapid-empowerment-program-2024-apply-now\/\"><strong>BOI Rapid Empowerment Program<\/strong><\/a> is your Gateway to Empowerment and Growth with the objective of assisting communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, contribute to national growth and tame insecurity arising from youth restiveness.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Funding_Details\"><\/span><strong>Funding Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The RAPID program offers loans of up to N10 million to Micro, Small, and Medium Enterprises (MSMEs) in rural areas. The loans have a 5% interest rate and a repayment period of 3 years. Interested applicants should visit the BOI website to apply.<\/p>\n<p>The extension of the RAPID program aligns with the Federal Government\u2019s broader efforts to support businesses following the removal of fuel subsidies. Key initiatives include:<\/p>\n<ul>\n<li><strong>N75 billion single-digit loan<\/strong>\u00a0for manufacturers.<\/li>\n<li><strong>N50,000 grant<\/strong>\u00a0to nano businesses across the 744 local government areas.<\/li>\n<li><strong>N200 billion grant<\/strong>\u00a0to Small and Medium Scale Enterprises (SMEs) nationwide.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_To_Apply\"><\/span><strong>How To Apply<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>If you are micro and small business owner or Community Groups in Rural Areas willing to apply should kindly visit:\u00a0<a class=\"text-blue-600\" href=\"http:\/\/rapid.boi.ng\/register\">rapid.boi.ng\/register<\/a>\u00a0to apply.<\/li>\n<li><strong>Visit the BOI Website<\/strong>: Go to the official BOI website to access the RAPID loan application.<\/li>\n<li><strong>Review Eligibility<\/strong>: Ensure you meet all the necessary qualifications and requirements.<\/li>\n<li><strong>Complete Application<\/strong>: Fill out the application form accurately and upload any required documents.<\/li>\n<li><strong>Submit Before Deadline<\/strong>: Make sure to submit your application by June 12, 2024.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>BOI Extends Application Deadline For RAPID Loan &#8211; Apply Now If you own a micro or small business and still looking for loan to boost your business, you will be happy to know that Bank of Industry (BOI) has extended the deadline for the Rural Area Program for Investment and Development (RAPID) to June 12, &#8230; <a title=\"BOI Extends Application Deadline For RAPID Loan &#8211; Apply Now\" class=\"read-more\" href=\"https:\/\/plotterwave.com\/blog\/boi-extends-application-deadline-for-rapid-loan-apply-now\/\" aria-label=\"Read more about BOI Extends Application Deadline For RAPID Loan &#8211; Apply Now\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[31],"tags":[70,40,69],"class_list":["post-178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loans","tag-bank-of-industry-boi-has-extended-the-deadline","tag-boi-rapid-empowerment-program-2024","tag-government-loans-2024"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BOI Extends Application Deadline For RAPID Loan - Apply Now - Plotterwave<\/title>\n<meta name=\"description\" content=\"Bank of Industry (BOI) has extended the deadline for the Rural Area Program for Investment and Development (RAPID) to June 12, 2024. 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