Agricultural Credit Guarantee Scheme Fund Act
Ministry of Agriculture ,Ministry of Rural Development, Nigeria
This is an Act to establish an Agricultural Credit Guarantee Scheme Fund into which shall be subscribed a certain sum to provide guarantees for loans granted for agricultural purposes by any bank. Regulation 3 clearly states the functions of the board including the monitoring of operation and evaluating the progress of the scheme, advising the minister as to changes required to improve the operation of the fund, performing such other duties relating to the fund as may be referred to it by the Minister, publishing names of defaulters of loans granted under this act in the national newspapers, approve the operational budget of the fund, and soliciting the assistance of government loan recovery.
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National Assembly ⬤
Office of the President ⬤
Agricultural Credit Guarantee Scheme Fund Act Current Version
January 2022
This is an Act to establish an Agricultural Credit Guarantee Scheme Fund into which shall be subscribed a certain sum to provide guarantees for loans granted for agricultural purposes by any bank. Regulation 3 clearly states the functions of the board including the monitoring of operation and evaluating the progress of the scheme, advising the minister as to changes required to improve the operation of the fund, performing such other duties relating to the fund as may be referred to it by the Minister, publishing names of defaulters of loans granted under this act in the national newspapers, approve the operational budget of the fund, and soliciting the assistance of government loan recovery.
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