Survival Fund Application and Registration Form Portal 2020/2021 is survivalfund.ng: The Federal Government of Nigeria has established a National Micro Small & Medium Enterprises (MSMEs) Survival Fund to help reduce the effect of the COVID-19 pandemic.
The National Survival Fund is designed to aid Nigerian MSMEs in surviving the shock of COVID-19 and its adverse effect on the economy. It will ensure that 45% of beneficiaries are female-owned businesses and 5% are owned by persons with special needs.
Survival Fund Registration Requirements.
To benefit from National MSMEs Survival Fund, your business must:
—Business owner must have a BVN
—Staff strength of not less than 10 for Payroll Support and 3 for GoS.
Survivsl Fund Application Eligibility.
To qualify for Survival Fund Nigeria, applicants must meet the following requirements:
A. For employers of MSMEs
- All the beneficiaries companies must be registered under the Corporate Affairs Commission (CAC).
- Must have staff capacity of not less than 3 persons,
- All the eligible enterprises must be owned by a Nigerian and located in Nigeria.
- Must have BVN.
B. Self-Employed Individuals in the following categories
- Service Providers in the transportation sector, i.e bus drivers, taxi drivers, ride share drivers (Uber, Bolt. etc) and Mechanics.
- Artisans: Electricians, Plumbers, etc.
As part of the National MSMEs Survival Fund, there is a Formalization Support for 250,000 businesses in Nigeria, which will be offered CAC free business name registration 10.
According to the HMS @TradeInvestNG, every State in Nigeria (and the FCT) will benefit from the MSMEs Survival Fund. Lagos, Kano and Abia will receive special focus, on account of their status as leading MSME hubs, but no State will be left out.
How To Register for MSMEs Survival Fund.
You can access the National MSMEs Survival Fund portal via https://survivalfund.ng if you want to apply for the payroll support and the Guaranteed Offtake Scheme.
As the portal for registration of prospective beneficiaries of Survival Fund opens today, interested Nigerians in the Payroll Support scheme are to note that the site will be open from 10pm Monday September 21, 2020.
The Survival Fund Registration for Payroll Support will start with educational institutions at 10pm on Monday September 21, 2020, and will be followed by businesses in the hospitality industry on Friday September 25 beginning from 12am.
The portal will also be open to other category of small businesses from 12am, on Monday September 28, 2020
Note that the scheduling of registration for prospective beneficiaries is to ensure that the process is seamless & hitch free
Visit the National MSMEs Survival Fund portal or website at – www.survivalfund.ng to fill and submit your application form and to get more info about the initiative.
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