Rural Area Programme on Investment for Development (RAPID) Scholarships

The objective of the programme is to provide financial support to enterprises located in rural and economically disadvantaged areas of our economy. This will ensure that resources flow to these communities from entrepreneurial activities that will provide employment, improve standard of living, contribute to gross domestic product (GDP), promote capacity and skill development, tame insecurity arising from youth restiveness and unemployment. The Bank hopes to achieve the foregoing through the Rural Area Programme on Investment for Development (RAPID) initiative. RAPID will provide 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 businesses are sustainable and well managed for future growth and expansion possibilities.