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Survival Fund News:  Survival Fund MSME Scheme Application Form Portal

BREAKING NEWS: Survival Fund resumes payment for payroll after 12 months of inactivity; Promises to pay every Verified beneficiary

The resumption of disbursement of the stimulus is worth commending the federal government for delivering it’s promise on time.

At least more than one million people from at least 345,756 MSMEs have benefited from the programme in the past one and a half year, the programme coordinator stated.

Under the payroll beneficiaries began to receive their complete payment of either N90,000 or N150,000 as the Steeling Committee stated during the unveiling of the programme in 2020.

The Vice President Yemi Osibanjo had promised more stimulus packages to help reduce the hardship being faced recently throughout the country. The Vice President stated that about N3.2 trillion was set aside for this very purpose and we will soon channel it appropriately.

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ABOUT MSME SURVIVAL FUND

The scheme is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguard Jobs in the MSMEs sector. The scheme is estimated to save not less than 103 million jobs across the country and specifically impact over 35,000 individuals per state.

OTHER DETAILS INCLUDE:

Duration: The scheme will be implemented over an initial period of three months in order to provide immediate relief from the economic impact of the pandemic.

Target Beneficiaries: The scheme targets two categories of beneficiaries namely: employees of MSMEs and Self-employed individuals, both schemes have made provision for a 45% female business participation and special needs participation of 5%.

MSMS Survival Fund

1. Employees of MSMEs:
The benefiting companies to meet the following criteria:
Employees’ company Must be registered in Nigeria under the Corporate Affairs Commission (CAC)
Must have BVN by company CEO
Must have a staff strength of no less than 3 persons
Must be owned by a Nigerian

2. Self-employed Individuals in the following categories:
Service providers in the transportation sector, i.e. Bus drivers, Taxi drivers, Ride share drivers, (Uber, Bolt, Taxnfy etc) and Mechanics. Artisans, Electricians Plumbers, etc.

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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.

MSMS Survival Fund latest Update:

There is a latest New Development about the MSMS

Survival Fund, Most of the Applicants have been receiving Message to update their profile,

However, If you seek more Infomation or Clarification about this new this development , please, contact the Survial Fund Customer Care: Call 07004000500.

Survival Fund News:  Survival Fund MSME Scheme Application Form Portal 2021

The Steering Committee of the MSMEs Survival Fund and Guaranteed Off-take Stimulus Scheme -A. MSME Grant portal is now open.

Qualification Criteria for Guaranteed Offtake Stimulus Scheme are as follows:

1. Applicant must be a Nigerian National
2. Applicant must be registered with the Cooperate Affairs Commission (CAC) with at least a business name.
3. Applicant must be ready to produce under NAFDAC and SON specifications.
4. Applicants must have a verifiable BVN and bank account number.
5. Applicant must have at least two (2) staff members.

SURVIVAL FUNDS 2021 STEP BY STEP GUIDELINES ON HOW TO APPLY.

We will give you a level of instruction on how to go about your registration but before that, make sure that the CEO / Proprietor who is the registered business owner, and follow all the requirement is more appropriate to fill out the application and add a minimum of 3 and a minimum of 10 of its staff.

1. Personal registration
2. Activate your account
3. Organisation registration..

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