FG Survival Fund Batch 2 is opened for 1 Week, Closes on Feb 2, 2020
The Steering Committee of the MSME Survival Fund and the Guaranteed Offtake Scheme Chaired by the Hon Minister of State, Federal Ministry of Industry, Trade and Investment, Ambassador Mariam Katagum, wishes to inform the Public that the MSME Survival Fund Payroll Support Portal will be exceptionally reopened for States that have not met their quota.
The Federal government has announced the registration for the N75 billion survival fund for Micro, Small and Medium Enterprises (MSMEs) on Monday, September 21, last year.
The survival fund is a conditional grant to support vulnerable Micro and Small enterprises in meeting their payroll obligations and safeguard jobs in MSMEs from the shock of the COVID- 19 pandemic.
The re-opening of the Payroll Support Portal will cut across all sectors, which are: educational, hospitality and general sector.
The public is reminded of the qualification requirements listed below:
- Businesses must have CAC registration.
- Businesses must have a minimum of 10 and a maximum of 50 staff.
- Business must be owned by Nigerians.
- Must have verifiable BVN.
- Abia State
- Akwa Ibom
- Cross River
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Benefit & Reward
The Scheme provides for 45% female participation and 5% Special Needs participation.
The payroll Support Track of the MSME Survival Fund Scheme, a component under the Nigeria Economic Sustainability Plan, which was flagged off on the 21st of September 2020, is aimed at supporting vulnerable MSMEs in the payroll obligations of over 500,000 employees for a period of 3 Months.
Method of Application
The Portal will be open from 27th January to 2nd February 2021.
To date, the following States have met their quota and are consequently NOT ELIGIBLE to participate in reopening exercise. The States are: Benue, Plateau, Bauchi, Kano, Kaduna and Rivers and the FCT.
Interested and qualified business owners who wants to benefit from the fund should click here to apply https://survivalfund.gov.ng/ for the payroll support initiative.
Source : https://www.intelregion.com/