MSME Survival Fund: 283,032 Beneficiaries Testify As Payments Continue
See Survival Fund (Payroll Support): FG Paying 500,000 MSMEs N50000 Each
MSME Survival Fund: 283,032 Beneficiaries Testify As Payments Continue: The vice president, Professor Yemi Osinbajo disclosed that, 283,032 Nigerians have benefited from FG Payroll Support, a category of the Survival Fund Programme
See How To Benefit From Survival Fund 30,000 Grant As FG Target More Beneficiaries In 2021.
The Nigerian Vice President received commendations from beneficiaries of the programme within the week
Payroll Support: Support 500,000 vulnerable MSMEs in meeting payroll obligations of between N30, 000 to N50, 000 per employee over 3 months
The Federal Government is currently disbursing funds for the Payroll Support component of the Survival Fund MSMEs programme
Payroll Supports Scheme has over 283,000 benenificiaries and more are declared ‘Open’ for more beneficiaries
States and Number of Beneficiaries So Far
North West Geopolitical Zone.
Zamfara at 13,000 Beneficiaries
Sokoto at 7,000 Beneficiaries
Jigawa at 8,190 Beneficiaries
Kano State 17,000 beneficiaries
Kaduna at 13,000 Beneficiaries
Katsina at 13,000 Beneficiaries,
Kebbi at 4,459 Beneficiaries are declared ‘Open’ for more beneficiaries in North West Geopolitical Zone.
North East Geopolitical Zone.
Gombe at 9,783 Beneficiaries,
Adamawa at 6,506 Beneficiaries,
Borno at 5,643 Beneficiaries
Bauchi State13,000 Beneficiaries
Taraba at 8,425 Beneficiaries,
Yobe State at 5,973 Beneficiaries are declared open for more beneficiaries in the North East Geopolitical Zone.
North Central Geopolitical Zone.
Abuja closed with 13,014 Beneficiaries
Benue at 13,014 Beneficiaries
Koggi at 4,966 Beneficiaries
Plateau at 13,003
Nassarawa at 12,564 Beneficiaries
Niger at 12,095 Beneficiaries
Kwara at 5,013 Beneficiaries are declared ‘Open’ for more beneficiaries in the North Central Geopolitical Zone.
Survival Fund (Free Business Grant): FG Begins Crediting 100,000 Persons with N50, 000 Each
The Federal Government has started crediting 100,000 Businesses/Persons with N50, 000 each-Free Grant in the Survival Fund Scheme
100,000 Businesses/Persons will get N50, 000 each as free grant to caution the effect of the covid-19 pandemic on businesses of SMEMS in the country
Survival Fund: FG is Crediting 500,000 MSMEs with N30, 000 Each
The Federal Government has started crediting 500,000 MSMEs with N50, 000 each-Free Grant in the Survival Fund Scheme for the period of three months
100,000 Businesses/Persons will get N50, 000 each as free grant to caution the effect of the covid-19 pandemic on businesses of SMEMS in the country
Facts about the National Survival Fund
- The scheme is estimated to save not less than 1.3million jobs across the country
- Over 35,000 individuals per state
- 100,000 Businesses/Persons will get N50,000 each-Free Grant
- 333,000 artisans and transport business operators will get N30, 000 each-Free Grant
- 100,000 MSMEs to protect jobs and livelihood
- 500,000 vulnerable MSMEs will get N30,000 to N50,000 per employee over 3 months
- 250,000 new businesses to get free CAC Business Name registration
What are you waiting for? Click here to start registration now
Duration:
The scheme will be implemented over an initial period of three months in order to provide immediate relief from the economic impact of the pandemic.
Target Beneficiaries:
The scheme targets two categories of beneficiaries namely;
Employees of MSMEs
Self-employed individuals, both schemes have made provision for a 45% female business participation and special needs participation of 5%.
General Features
General Grant: Support the survival of 100,000 businesses most affected by the COVID-19 pandemic with N50,000 each
Payroll Support: Support 500,000 vulnerable MSMEs in meeting payroll obligations of between N30,000 to N50,000 per employee over 3 months
Formalisation Support: provide free CAC Business Name registration for 250,000 new businesses
Artisan/Transport Support: provide 333,000 artisans and transport business operators with a N30, 000 operations grant to reduce the effects of income loss
Guaranteed Off take Scheme: Bulk purchase of products from 100,000 MSMEs to protect jobs and livelihood
Requirements
Must have a staff strength of no less than 3 persons
Must be owned by a Nigeria
Employees’ company must be registered in Nigeria under the Corporate Affairs Commission, CAC
Must have BVN by company CEO
Self-employed Individuals in the following categories
- Artisans, Electricians Plumbers
- Service providers in the transportation sector-Bus drivers, Taxi drivers, Ride share drivers. (Uber, Bolt Taxify etc) and Mechanics
How To Register For Survival Fund
Click here to start registration www.survivalfund.ng