MSMEs SURVIVAL FUND TO COMMENCE REGISTRATION FOR GUARANTEED OFF-TAKE STIMULUS SCHEME & GENERAL MSME GRANT
PUBLIC ANNOUNCMENT:
MSMEs SURVIVAL FUND TO COMMENCE REGISTRATION FOR GUARANTEED OFF-TAKE STIMULUS SCHEME & GENERAL MSME GRANT
100,000 MSMEs to benefit from GoS
100,000 Nigerians to benefit from one-off N50,000 MSME grant
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.
MSMEs SURVIVAL FUND TO COMMENCE REGISTRATION FOR GUARANTEED OFF-TAKE STIMULUS SCHEME & GENERAL MSME GRANT
The qualification criteria for this Scheme are as follows:
- Applicant must be a Nigerian National.
- Applicant must be registered under Corporate Affairs Commission with at least a Business Name certificate
- Applicant must have a verifiable BVN and Bank Account
- Applicant must have at least 2 staff
- 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:
PRODUCT LIST FOR GUARANTEED OFFTAKE
CATEGORY AÂ Â Â Â Â
SANITIZATION & CLEANING
LOT 1Â PRODUCT
1Â Â Â Â Â Face Masks
2Â Â Â Â Â Liquid Soap
3Â Â Â Â Â Disinfectant
4Â Â Â Â Â Hand Sanitizer
CATEGORY B
PROCESSED FOODS
LOT 2Â GRAINS
1Â Â Â Â Â Beans
2Â Â Â Â Â Garri
3Â Â Â Â Â Acha
4Â Â Â Â Â Alkama
5Â Â Â Â Â Brabusco
6Â Â Â Â Â Rice (Parboiled)
7Â Â Â Â Â Rice (Raw)
LOT 3Â FLOUR
1Â Â Â Â Â Yam Flour
2Â Â Â Â Â Plantain Flour
3Â Â Â Â Â Soya Bean Flour
4Â Â Â Â Â Garin Danwake
5Â Â Â Â Â Cassava Flour
LOT 4Â OIL
1Â Â Â Â Â Palm oil
2Â Â Â Â Â Groundnut Oil
3Â Â Â Â Â Coconut Oil
4Â Â Â Â Â Honey
5Â Â Â Â Â Soyabean Oil
LOT 5Â SPICES
1Â Â Â Â Â Dry Locust beans
2Â Â Â Â Â Curry Powder
3Â Â Â Â Â Tumeric Powder
4Â Â Â Â Â Ginger Powder
5Â Â Â Â Â 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:
- Applicant must be a Nigerian National.
- Applicant must be registered under Corporate Affairs Commission with at least a Business Name certificate
- Applicant must have a verifiable BVN and Bank Account.
For further details, please visit:Â
Kindly note that registration for this scheme is ABSOLUTELY FREE. Beware of fraudulent persons.
SIGNED:
Project Delivery Office
MSMEs Survival Fund & Guaranteed Off-Take Schemes
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