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How to apply for Federal Government’s N75 Billion MSME Survival Fund

MSME Africa by MSME Africa
October 10, 2020
in Business, Economy, News, Opportunities
55
How to apply for Federal Government’s N75 Billion MSME Survival Fund
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To support businesses overcome challenges posed by the COVID-19 pandemic, 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.

Both schemes are at the core of the N2.3 trillion stimulus package (also known as Nigerian Economic Sustainability Plan, NESP) being implemented by the Buhari administration 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.

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.

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%.

Requirements
A. Employees’ company must be registered in Nigeria under the Corporate Affairs Commission, CAC
B. Must have BVN by company CEO
C. Must have a staff strength of no less than 3 persons
D. Must be owned by a Nigerian

Self-employed Individuals in the following categories
A. Service providers in the transportation sector, le. Bus drivers, Taxi drivers, Ride share drivers. (Uber, Bolt Taxify etc) and Mechanics
B. Artisans, Electricians Plumbers etc.

Guranteed Offtake 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.

Visit www.survivalfund.ng and http://www.survivalfundapplication.com. for registration details

Post Views: 47
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Tags: Formalisation SupportGuaranteed Offtake SchemeMSME AfricaMSME Survival FundPayroll support track
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Comments 55

  1. Mustapha Mohammed says:
    5 years ago

    Framing

    Reply
  2. Judith Nwachukwu says:
    5 years ago

    Very laudable initiative by the government.This will go a long way in ameliorating the hardship of MSME in Nigeria

    Reply
    • Igwe Peter says:
      5 years ago

      I hope this is true and you don’t have to know some body in the government before you can benefit

      Reply
  3. Maryam kasim says:
    5 years ago

    I tried to go through the link for the registration, but the link off

    Reply
    • ibrahim Abdulrasheed Ozovehe says:
      5 years ago

      I am interested. Good Initiative.

      Reply
  4. Maryam kasim says:
    5 years ago

    I can not go through the Link for the registration, please help me out

    Reply
  5. Solomon attah Enna says:
    5 years ago

    How can I access the website sir

    Reply
    • Patience Stephen says:
      5 years ago

      I can’t access the link for the registration

      Reply
  6. Morenigbade Rukayat Moji says:
    5 years ago

    This will enable us to stand on our feet after the coronal virus pandemic

    Reply
  7. Bashir Ahmad Abdulnasir says:
    5 years ago

    Nice one

    Reply
  8. Salihat I Agwaru says:
    5 years ago

    Interested

    Reply
  9. Mustapha abubakar Idris says:
    5 years ago

    That’s good

    Reply
  10. SHAMSUDDIN YUSIF LADAN says:
    5 years ago

    Very good

    Reply
    • Sufiyanu shuaibu says:
      5 years ago

      Thanks

      Reply
  11. SAMINU IBRAHIM says:
    5 years ago

    Very good

    Reply
  12. AUWALU says:
    5 years ago

    Very good

    Reply
  13. Ahmed Oladimeji abdullahi says:
    5 years ago

    Very good

    Reply
  14. Ibrahim Abubakar says:
    5 years ago

    Thanks you

    Reply
  15. mohammed Aisaru hassan says:
    5 years ago

    Nice one

    Reply
  16. Auwal lawan says:
    5 years ago

    Kano

    Reply
  17. Auwal lawan says:
    5 years ago

    Tanks alot

    Reply
  18. Bello Yahaya Dahiru says:
    5 years ago

    We really Thank

    Reply
  19. yunusa a sabo says:
    5 years ago

    Comment:thank u

    Reply
  20. Auwalu Yunusa Abdullahi says:
    5 years ago

    I am very to seen from the government, to the Nigerian people covid -19; pandemic Suv. Government always really trying for us.

    Reply
  21. Auwalu Yunusa Abdullahi says:
    5 years ago

    Appreciated

    Reply
  22. Jalo Delilah says:
    5 years ago

    A welcome idea and a good initiatives,God help us.

    Reply
  23. Muhammad musa says:
    5 years ago

    When is the link open?

    Reply
  24. Yusuf idris says:
    5 years ago

    Is a real support.

    Reply
  25. Yusuf idris says:
    5 years ago

    Blessing be to the assistant.

    Reply
  26. Adekeye Tajudeen says:
    5 years ago

    Is good,

    Reply
  27. Aronimoh Samuel o says:
    5 years ago

    Ok

    Reply
  28. Abubakar says:
    5 years ago

    How you can help Mee

    Reply
  29. Khadijah Ardido says:
    5 years ago

    I could not have access to the loan after applying. I have all the requirements.

    Reply
  30. Isaac Obiazor says:
    5 years ago

    How can one key into this project?

    Reply
  31. Ibrahim says:
    5 years ago

    I want to see

    Reply
  32. Nkechi says:
    5 years ago

    Believing it will favour me

    Reply
  33. Mahmoud Sulaiman sale says:
    5 years ago

    Beautiful but I hope is true support

    Reply
  34. Abubakar sadeeq says:
    5 years ago

    Please what is the maximum amount somebody can obtain from this program and for how long will somebody pay back?

    Reply
  35. Bashar Alliyu says:
    5 years ago

    Ok

    Reply
  36. Abdulrasheed Ibrahim says:
    5 years ago

    I ma interested.

    Reply
  37. Elizabeth Etido Ekanem says:
    5 years ago

    I can’t have access to apply ,I have all the requirements.

    Reply
  38. Anas Babangida says:
    5 years ago

    It’s will bust the economy of country

    Reply
  39. Muhammad zakariya says:
    5 years ago

    I can’t have access to apply

    Reply
  40. SAVIOUR ELKANAH LAMUGHEN says:
    5 years ago

    I am pleased with this development and i believed it’s going to be a remarkable one for posterity to enjoy it’s positive impacts.thanks to the initiators with such innovative ideas to have come up with these beneficial program to help the common man. God bless Nigeria

    Reply
    • Happiness Anyanwu says:
      5 years ago

      I can’t access the link someone help should me out

      Reply
  41. Salim Abubakar says:
    5 years ago

    I can’t have access to apply

    Reply
  42. Salim Abubakar says:
    5 years ago

    I can’t have access to appy

    Reply
  43. Auwal yusuf Hassan says:
    5 years ago

    Why is it that the site can’t open
    And the said it will start on 21 September by 10:00pm?

    Reply
  44. Odaghara mirian says:
    5 years ago

    I hope this will be real,

    Reply
  45. Ogunmodede Kehinde says:
    5 years ago

    The link is not available to access oooo

    Reply
  46. Sulaimanabubakar says:
    5 years ago

    Sulaimanabubakar ACC 3128285551 PRI SCH secondary school national diploma at bauchi state collge of agric

    Reply
  47. Happiness Anyanwu says:
    5 years ago

    I can’t access the link someone should help me out

    Reply
  48. Hamza Muhammad says:
    5 years ago

    I Hamza Muhammad who was born in 1997 which I started my primary certificate 2003-2009 my secondary certificate from 2009-2015 but now I am electrician I live from katsina state

    Reply
  49. asmau ilyasu says:
    5 years ago

    thanks for this great opportunity

    Reply
  50. Hassan Muktar Kabiru says:
    5 years ago

    Hope is not going to be whom know in the government?

    Reply

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