Survival Fund: Guaranteed Off take Scheme (GOS)/General Grant-Apply
See Survival Fund: Guaranteed Offtake Stimulus (GOS) Starts Feb. 09, 2021- See Requirements
See NYIF 2021: Second Phase of Training for those who missed ( Date & Link)
See 2021 Zenith Bank Plc Graduate Recruitment – Apply Here
See Old National ID Card No Longer Useful, How To Get The New One
Survival Fund: Guaranteed Off take Scheme (GOS)/General Grant-Apply: The federal government has concluded plans to reopen the portal where 100,000 MSMEs will be given fund to stimulate their businesses to help local production
100,000 businesses will be funded and supported, hence the effect of the covid-19 pandemic will have less impact in the livihood of the average and poor masses
“Under these two components, the portal will open from 11:59 pm on Tuesday, 9th February 2021 to Thursday 18th February 2021 for the Guaranteed Off take Scheme (GOS) and General MSME Grant Applications”
“All interested MSMEs can go directly to the Portal and register for either of the Schemes free of charge,”
Immediately after, the portal will be opened for 250,000 new businesses to get a free CAC Business Name registration certificate
All those who are interested in registering their business name freely should have all the necessary documents ready beforehand
The Federal Government has started crediting 100,000 Businesses/Persons with N50, 000 each-Free Grant in the Survival Fund Scheme SMEMS Survival Fund program
States yet to reach their threshold will be allowed to do so in the second wave of the SMEMS Survival Fund programme
Over 100,000 Businesses/Persons will get N50, 000 each as a free grant to caution the effect of the covid-19 pandemic on businesses of SMEMS in the country
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
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