MSME Funds: Criteria & Qualification for FG’s Business Survival Loans

MSME Funds: Criteria & Qualification for FG’s Business Survival Loans

MSME Funds: Criteria & Qualification for FG’s Business Survival Loans: The minister of trade and investment, Mariam Katagum, who is also the steering committee of the MSMEs survival fund and guaranteed off-take stimulus scheme said the program is aimed at protecting and sustaining the incomes of vulnerable Micro and Small Enterprises by guaranteeing the offtake of their products.

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Madam Mariam Katagum, the minister of trade and investment and the head of the MSMEs survival fund and guaranteed off-take stimulus scheme, cleared the air regarding the aim of the scheme

In her new remark, the minister of trade and investment disclosed that 100,000 Micro and Small Enterprises would benefit from the scheme

The breakdown of beneficiaries is as follows:

Lagos – 3,880

Kano – 3,280; 3. Abia – 3,080

Other states – 2,640

The Criteria for Qualification

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 applicant must be a Nigerian National.

Applicant must be registered under the Corporate Affairs Commission (CAC) with at least a business name certificate