MSME Survival Fund Guaranteed Offtake Stimulus Scheme and General MSME Grant to Kick off on February 9,2021 

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MSME Survival Fund Guaranteed Offtake Stimulus Scheme and General MSME Grant to Kick off Monday February 9,2021 

The Steering Committee of the MSMEs Survival Fund and guaranteed Off-take Stimulus Scheme chaired by the Honourable Minister of State, Federal Ministry of Industry, Trade and Investment, Amb. Mariam Y. Katagum, wishes to announce the commencement of the Guaranteed Off-take Stimulus Scheme and the MSME Grant portal opening from February, 9th, 2021.

The Guaranteed Off-take Stimulus Scheme is aimed at protecting and sustaining the incomes of vulnerable Micro and Small Enterprises by guaranteeing the offtake of their products.

A total of 100,000 Micro and Small Enterprises are to benefit from the scheme.

The total target national number of beneficiaries is 100,000. The breakdown is as follows: Lagos, 3,880; Kano, 3,280; Abia, 3,080; while the other states will each have 2,640 beneficiaries.

The qualification criteria for this Scheme are as follows:

  1. Applicant must be a Nigerian National.
  2. Applicant must be registered under Corporate Affairs Commission with at least a Business Name certificate
  3. Applicant must have a verifiable BVN and Bank Account
  4. Applicant must have at least 2 staff
  5. Applicant must be ready to produce under NAFDAC and SON specifications.

The list of products captured in the Guaranteed Off-take Stimulus Scheme track is as below:

CATEGORY A: SANITIZATION & CLEANING

LOT 1     PRODUCT

1          Face Masks

2          Liquid Soap

3          Disinfectant

4          Hand Sanitizer

CATEGORY B: PROCESSED FOODS

LOT 2             GRAINS

1          Beans

2          Garri

3          Acha

4          Alkama

5          Brabusco

6          Rice (Parboiled)

7          Rice (Raw)

LOT 3       FLOUR

1          Yam Flour

2          Plantain Flour

3          Soya Bean Flour

4          Garin Danwake

5          Cassava Flour

LOT 4        OIL

1          Palm oil

2          Groundnut Oil

3          Coconut Oil

4          Honey

5          Soyabean Oil

LOT 5       SPICES

1          Dry Locust beans

2          Curry Powder

3          Tumeric Powder

4          Ginger Powder

5          Garlic Powder

The General MSME Grant is a one-off grant of N50,000 that will be given to each qualified MSME as direct cash injection into their enterprise. the total number of beneficiaries in this track is 100,000 spread across the States.

In the same vein, the General MSME Grant quota as s follows: LAGOS, 3,880; KANO, 3,280; ABIA, 3,080; and other states, 2,640.

 All potential beneficiaries of this track must meet the following criteria:

  1. Applicant must be a Nigerian National.
  2. Applicant must be registered under Corporate Affairs Commission with at least a Business Name certificate
  3. Applicant must have a verifiable BVN and Bank Account.

For further details, please visit: www.survivalfund.gov.ng

Kindly note that registration for this scheme is ABSOLUTELY FREE.

 

 

 

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