LOAN

NYSC Trust Fund Registration Portal 2023 | Graduate Entrepreneurship Fund

What is NYSC Trust Fund?

The NYSC Trust Fund is to help Corps members by providing funds to establish them above the N33,000 they are receiving while serving their country.

The Director-General of the National Youth Service Corps (NYSC), Shuaibu Ibrahim, has explained that the Trust Fund would bring the reality of the Skill Acquisition and Entrepreneurial Development (SAED) practice during the service year.

The benefit of the NYSC Trust Fund

Do you want to know what you will benefit from NYSC Trust Fund? If yes read Below we have outlined the list of benefits that applicants will have after they have been shortlisted

A sustainable source of funding for NYSC,
Skill acquisition training and provision of startup capital to corps members,
Train and retrain the personnel of the NYSC,
Develop camps and NYSC formations, and provide facilities therein.

The fund will also be used to fund the monthly allowances needed by Corps members and sponsor the Community Development Service (CDS) of the NYSC.

NYSC Trust Fund Requirements 2023

You must have the following documents on hand to be a well-prepared applicant:

A workable business plan.
Government Identification card.
NYSC ID Card.
A guarantor must be at least a level 7 civil servant, such as a banker, medical doctor, lawyer, clergyman, accountant, elected public servant, etc.

Collateral for NYSC Trust Fund loan

Your NYSC certificate serves as collateral for the loan. This means that the State Directorate will sign a promise not to disclose the certificate until the loan is paid off.