How to Apply FG N75Bn MSME Survival Fund Application Form & Portal: In this article, you will learn How to Apply for Federal Government’s N75Bn MSME Survival Fund for Self Employed, Transporters, Artisans etc. Continue reading to find more information as regards to FG N75Bn MSME Survival Fund.
The Federal Government of Nigeria is set to commence nationwide implementation of two MSMEs initiatives namely, the MSME Survival Fund with the Payroll support track as the first scheme to rollout (60 Billion Naira) and the Guaranteed Offtake Scheme (15 Billion Naira) to help cushion the impact of the COVID-19 pandemic with a view to boosting the economy by saving existing jobs and creating new job opportunities.
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How to Apply FG N75Bn MSME Survival Fund Application Form & Portal.
Features
- Payroll Support: Support 500,000 vulnerable MSMEs in meeting payroll obligations of between N30,000 to N50,000 per employee over 3 months
- Formalisation Support: provide free CAC Business Name registration for 250,000 new businesses
- General Grant: Support the survival of 100,000 businesses most affected by the COVID-19 pandemic with N50,000 each
- Artisan/Transport Support: provide 333,000 artisans and transport business operators with a N30,000 operations grant to reduce the effects of income loss
- Guaranteed Offtake Scheme: Bulk purchase of products from 100,000 MSMEs to protect jobs and livelihood
MSME Survival Fund
The MSME Survival Fund 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 1.3million jobs across the country and specifically impact on over 35,000 individuals per state.
1. 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.
2. 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%.
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FG N75Bn MSME Survival Fund Application Requirements.
- 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
Self-employed Individuals in the following categories:
- Service providers in the transportation sector, i.e. Bus drivers, Taxi drivers, Ride share drivers. (Uber, Bolt Taxify etc) and Mechanics
- Artisans, Electricians Plumbers etc.
Guaranteed Off-take Stimulus Scheme
This scheme will protect and sustain the income of vulnerable Micro and Small Enterprises from the economic disruptions of the COVID–19 pandemic through the implementation of various initiatives aimed at boosting the production capacities of the small businesses as well as provision of grants.
The main objective of this particular scheme is to boost production capabilities of small businesses with the view to ensuring that they remain in business.
- Duration: The duration of implementation will be same as the payroll support Target
- Beneficiaries: Micro and Small businesses registered in Nigeria.
N75Bn MSME Survival Fund Registration Period.
The Registration for Payroll Support Begins on 21st September 2020.
How to Apply for N75Bn MSME Survival Fund.
- To begin your registration, visit www.survivalfund.ng
- Scroll to the bottom and click on “Register“
- Fill out the information necessary and proceed with your registration.
- NB: Don’t forget to print out your application form after submission. Then make sure you are able to SHARE THIS PAGE using the share buttons provided here. This will help others get informed.
How we are helping MSMEs;
Payroll support: Support 500,000 vulnerable MSMEs in meeting payroll obligations of between N30,000 to N50,000 per employee over 3 months.
Formalization Support: Provide free CAC Business Name registration for 250,000 new businesses.
General Grant: Support the survival of 100,000 businesses most affected by the COVID-19 pandemic with N50,000 each.
If you want to receive regular updates on How to Apply FG N75Bn MSME Survival Fund, kindly drop a comment below so we can keep you updated.
Am interested, in d business loan,I lost almost all my birds during the pandemic,up till now I can afford to even buy little quantity to start
I will like your regular updates
Iam interesting May Allah help us
Serious keep me update
I went apply my business
Yes
Please update me
Please notify me
This is interested idea
I’m really happy to see this Page god bless naija
We’re glad to be of help to you.
Please update me always. I don’t have money to register my business,i also need money to buy equipment’s too. Thanks.
Yes
Yes
Frequent updates
Always update me on government loans and portals
I want to apply please notify me if its started my Business is affected as a result of this pandemic . its actually a nice initiative by the federal Govt thank you!
Am In On This. Please Notify Me When The Portal Is Open
Am in for this please i would like to be updated in other to boost my business
Am in for this please i would like to be updated
My name is meche boutique, am running a boutique, the business was affected by the pandemic, things have really fall apart in the business
Really want to Register but no access, please do notify me when registration is due because I seriously need finance to go back to business after the unexpected negative impact this pandemic has caused to my business
I want to apply for the msme loan because my business is affected by to 2020 pandemic and it has not been easy with me.
I’m into hair making I need help to buy all the goods I don’t have in my shop and is because of this pandemic
This is good, I am interested notify on how when and where to apply for this grant
This is good, I am interested
I’m into hair making my business is affected by this pandemic. I need fund to set it up I need help
I’m into hair making my business is affected by this pandemic. I need fund to set it up
I need update
Pls notify me when the registration start.thanks
This is very good idea
Higher success nig.company
My factory is badly affected
Pls keep me informed for
Registration thanks.
Pls let me know when the registration starts.
I’m intrested, T.Olubajo Global Ventures.
Pls notify me when the registration starts
Very interested in this scheme. Please keep me posted when the portal opens.
Pls let me know when the registration start I have been affected intensively by this pandemic.
Keep me updates always
Pls be inform when programmed has started and how can apply.thanks for ur corporation.
Pls notify me for registration
Pls let me know when time come
Please let me know when portal will open for registration, business has already folded please.
Business man
Notfyme please I have cac l a m into oil & gas & estate Agent l am in to plumbing contractors
A
Notify me pls
Keep me up-dated when portal opens
A nice initiative!
A nice initiative by the federal government of Nigeria.
This is good.The FGNhas done well on this, but to really get this loan or assistance may not be easy. The people that will be in charge may not be very funny.
This is very good initiative by the Federal government of Nigeria yo help vulnerable SMEs. Even a solar company VanpeuxSolarity has been providing free energy that is accessed for 24months small payments. Nice one
Help me apply
Am interested and I will also need an update.
I want, to,apply,my,business,is,affected,by,this,pandemic
Iam ride share
Please notify me when the portal is open for registration
Brinklayer
Briklayer
I want to apply. My business is affected by this Pandemic and is almost folding up because of no funds to continue