FG Plans MSME Survival Fund for More Nigerians – See How To Apply

FG Plans MSME Survival Fund for More Nigerians – See How To Apply

The federal government has announced plans to reach out to more beneficiaries in the country with its Micro Small and Medium Enterprise (MSME) Survival Fund.

According to the management of the programme, So far More than 1,258,183 beneficiaries have benefited from the fund.

Minister of State for Industry, Trade and Investment, Maryam Katagam, advised the applicants of micro and small enterprises, MSMEs, not to pay anyone to influence the payments from the government.

Eligibility Criteria For MSME Survival Fund

• Must Be Resident in Nigeria
• Official Government Identification
• Notarized Guarantor Forms
• Passport photographs
• Training Certificate
• CAC registration

You may also want to read Federal Government Recruitment Application Portals 2022/2023

Register for Survival Fund 2022/2023

The following steps will guide you in registering for the survival fund in 2022;

• Proceed to the Survival fund registration portal survivalfund.gov.ng 
• Click on the ‘Start Here’ button, which will take you to the survival fund application form options
• Select the appropriate category you want to apply for. The categories are: Payroll Support Register, MSME Grant Register, and Guaranteed Offtake Register
• Fill in your information correctly to avoid disqualification during verification.

After successful registration, you will;

• Receive an Activation Code on your mobile phone, use the code to activate your profile.
• Log in to your profile to proceed with the onboarding process.

When is survival fund registration starting?

Soon there will be an announcement that Re-registering Survival Funds will begin activating those who haven’t yet registered to do so. Before today, most people who haven’t received CAC will need to get that. It also states that there is still a quota able to register to fill their own fields.

How Survival Fund Process Works

Step 1: Onboard

After registering on the Survival Fund platform, the next is to complete the onboarding process by adding Organisation, Bank, and Employees details. This stage is only possible after you have received the verification code on your mobile phone and use it to activate your profile account.

Step 2: Register Your Organisation in Survival Fund

Once you have successfully onboarded, you can register your Organisation. You will need basic information like CAC registration information to complete this Survival Fund stage.

Step 3: Get Paid

Finally, once the information you provided during survival fund registration has been verified and has met the selection criteria, your application will be eligible for payment as specified under the scheme applied for.

How is The MSME Survival Fund Helping MSMEs

PAYROLL SUPPORT – Supports 500,000 thousand MSMEs in meeting payroll obligations of between 30 thousand Naira to 50 thousand Naira per employee over the period of three (3) months.

FORMALISATION SUPPORT – Provide free CAC business name registration for 250,000 businesses.

GENERAL GRANT – Support the survival of 100,000 businesses most affected by the covid-19 pandemic with 50,000 Naira each.

FG Plans MSME Survival Fund for More Nigerians