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How to Apply FG N75Bn MSME Survival Fund Application Form & Portal

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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.

Read the Latest News We got from the Federal Government as regards the MSME Survival Fund Free CAC Business Name Registration Here.

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.

  1. Employees company Must be registered in Nigeria under the Corporate Affairs Commission, CAC
  2. Must have BVN by company CEO
  3. Must have a staff strength of no less than 3 persons
  4. Must be owned by a Nigerian

Self-employed Individuals in the following categories:

  1. Service providers in the transportation sector, i.e. Bus drivers, Taxi drivers, Ride share drivers. (Uber, Bolt Taxify etc) and Mechanics
  2. 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 COVID19 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.

  1. Duration: The duration of implementation will be same as the payroll support Target
  2. Beneficiaries: Micro and Small businesses registered in Nigeria.

N75Bn MSME Survival Fund Registration Period.

The Registration for Payroll Support Begins on 21st September 2020.

NEW PORTAL ALERT

survivalfund.gov.ng – New Survival Fund Registration Portal 2020

How to Apply for N75Bn MSME Survival Fund.

  1. To begin your registration, visit www.survivalfund.gov.ng
  2. Scroll to the bottom and click on “Register
  3. Fill out the information necessary and proceed with your registration.
  4. 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.

Read the Latest News We got from the Federal Government as regards the MSME Survival Fund Free CAC Business Name Registration Here.

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.

127 COMMENTS

  1. I need Federal Government assistance to reduce the impact of Covid-19 on my business. The pandemic has affected my business seriously since my customers could not find it easy to pay the money they owned.

  2. WELDONE MEDIANGR FOR GIVING YOUR READERS UPDATES ON THE HAPPENING AROUND THE GLOBE. IM SELF EMPLOYED WHERE IS OUR OWN PORTEL. PLS RELEASE IT VERY SOON. I HAVE REGISTERED WITH SMEDAN BUT THAT DOESNT MAKE SENCE. THE SMEDAN HAS THE ROLE PLAY TO THOSE THAT REGISTERED WITH THEM AS THE SMEDAN SAID ANYBODY THAT REGISTER WITH THEM THAT GIVES HIM ROOM TO BENEFIT FROM ANY GOVT RELIEF. BUT TO OUR SURPRISE AND DISMAY WHAT WAS NOT SO. PLS INFORM US WHENEVER THE PORTEL FOR SELF EMPLOYED IS OUT. THANKS.

  3. Is a great welcome development, please endeavor to direct me on how to apply I am into you nylon production but do to this pandemic there was no money to get what it takes for production and

  4. This is a very nice initiative by the federal government. I’m self-employed, pls am I suppose to register for the payroll support scheme first? Because others are not currently active. Kindly notify me

  5. It is a good step to boost and sustain the economy if it will be implemented, and should be secured against frauds

  6. So many Nigerians are affected by the pandemic ,this is agreat initiativity for recovering those affected ,but please makes it happen oo!! People are in need. Thanks you.

  7. I have already registered the first step for the payroll support and I don’t have the remaining criteria how can I change to another category, since it is 3

  8. Please update me for this great opportunity to archive my goal,I’m already been registered with smedan and am ready to fill all details that u requesting for,

  9. Good moring . I want to thank the government of PMB for this initiative to help the small business owner. This is good at this time .many small business has collapse and I am affected too. Thanks.

  10. I want to apply. my business is affected by this pendemic and almost folding up no funds to continue thanks you and blessed Nigeria

  11. I am very glad to hear this, a very good initiative by the Federal Government to support the SME, this will go alongway in helping the vulnerable Nigerians affected by the Covid19. May Almighty Allah help us and bless Nigeria. Support us to register our business and relieve us from this difficult situation please. While anticipating for your support. I remain grateful. Thanks.

  12. I am very glad to hear this, a very good initiative by the Federal Government to support the SME, this will go alongway in helping the vulnerable Nigerians affected by the Covid 19. May Almighty Allah us and bless Nigeria. Support us to register our business and relieve us from this difficult situation please. While anticipating for your support. I remain grateful. Thanks.

  13. 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

  14. My name is meche boutique, am running a boutique, the business was affected by the pandemic, things have really fall apart in the business

  15. 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

  16. 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.

  17. 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

  18. I want to apply. My business is affected by this Pandemic and is almost folding up because of no funds to continue

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