How can I easily access the federal government’s MSME Survival Fund?
As the Federal Government Survival Fund continues to operate, this will be a great time to show you how to get the funds, so be sure to read through to the end.
The MSME Survival Fund was launched by the Buhari Administration to mitigate the effects of the COVID-19 pandemic with the aim of strengthening the economy by saving existing jobs and creating new employment opportunities. The scheme is a conditional grant to vulnerable micro and small businesses to help them meet their payment obligations and secure jobs in the SME sector. The scheme is estimated to save less than 103 million jobs across the country and will specifically affect over 35,000 people per capita. state.
Eligibility criteria for a survival fund in Nigeria
- Must Be Resident in Nigeria
- Official Government Identification
- Notarized Guarantor Forms
- Passport photographs
- Training Certificate
- CAC registration
How Survival Fund Process Work
Step 1: Onboard
After registering on the Survival Fund platform, the next step is to complete the onboarding process by adding organization, banking and staff information. These steps are only possible if you get a confirmation number on your mobile phone and use it to activate your profile number.
Step 2: Register Your Organisation in Survival Fund
Once you have logged in, you can register with your organization. At this stage, you will need basic information, such as a CAC registration form, to complete your living financial statements.
Step 3: Get Paid
Finally, if the information provided by you while you are registering for the Survival Fund is verified and meets the selection criteria, your application is eligible for payment as mentioned in the requested plan.
How is The MSME Survival Fund Helping MSMEs
PAYROLL SUPPORT – Supports 500,000 thousand MSMEs in meeting payroll obligations of between 30 thousand Naira to 50 thousand Naira per employee over the period of three (3) months.
FORMALISATION SUPPORT – Provide free CAC business name registration for 250,000 businesses.
GENERAL GRANT – Support the survival of 100,000 businesses most affected by the covid-19 pandemic with 50,000 Naira each.
The following steps will guide you in registering for the survival fund 2021 program;
- Proceed to the Survival fund registration portal survivalfund.gov.ng
- Click on the ‘Start Here’ button, which will take you to the survival fund application form options
- Select the appropriate category you want to apply for. The categories are: Payroll Support Register, MSME
- Grant Register, and Guaranteed Offtake Register
- Fill in your information correctly to avoid disqualification during verification.
- After successful registration, you will;
Receive an Activation Code on your mobile phone, use the code to activate your profile.
Log in to your profile to proceed with the onboarding process.
How To Easily Access Federal Government MSME Survival Fund