RAPID Portal 2025 – RAPID Grant Registration Form – Have you heard about the Rural Area Programme On Investment for Development (RAPID) that assist 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.
The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations. In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.
READ – YEIDEP Loan Registration Form
Objectives of the BOI RAPID Grant Program 2025
Empowerment – Provide resources, skills, and opportunities to buisnesses local in rural areas , particularly MSMEs, with focus on Youth and Women entrepreneurs.
Job Creation – Stimulate job creation, particularly for youth and women, through the growth and expansion of rural enterprises
Economic Diversification – Promote the development of diverse economic activities beyond traditional agriculture in rural areas.
READ – Apply For SMEDAN ADEP Agric-Business and Empowerment Program 2025
RAPID Financing Program for Micro and Small Businesses, as well as Community Groups
Get funding and support for projects to grow micro and small businesses, and develop community infrastructure.
Target Market
- Micro and Small Businesses
- Community Groups in Rural Areas
Features
- Tenor: maximum of 3 years
- Interest Rate: 5% per annum
READ – FG BOI N75B MSME Intervention Fund Application Portal
BOI RAPID Application Eligibility Criteria
- Completed Application Form
- Business Plan
- Acceptable Means of Identification
- BVN and NIN
- Proof of Residential Address
- Completed Guarantor Forms
- Other Terms and Conditions Apply
How to Register for RAPID Loan 2025
To register for Rural Area Programme On Investment for Development (RAPID),