The Federal Government of Nigeria has announced the nationwide implementation of two MSMEs initiatives namely: the MSMEs Survival Fund Scheme with the Payroll support track as the first scheme to roll out (50 Billion Naira).
When is the Survival Fund Scheme Loan Application starting?
The MSME’s Survival Fund Scheme Loan for the 2020/2021 application starts at 10 pm on Monday 21st September 2020 for all Nigerians and will be implemented over an initial period of three months in order to provide immediate relief from the economic impact of the pandemic
Requirements/Eligibility for the Survival Fund Loan
Your Business must:
- Be Nigerian-owned
- Be CAC-registered
- A business owner must have a BVN
- The staff strength of not less than 10 for Payroll Support and 3 for 608
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Official Portal/Link for Survival Fund Loan Registration Online
The official Link or portal for Survival fund loan applications is www.survivalfund.ng
Different packages in MSMEs Survival Fund can help you
Payroll Support:
- Support 500,000 Vulnerable MSMEs in meeting payroll obligation of between N30,000 to N50,000 employee in 3 months
Formalization Support:
- Provide free CAC Business name registration for 250,000 new businesses
General Grant:
- Support the survival of 100,000 Business registered in Nigeria you can apply for MSMEs Survival Fund Scheme 2020/2021.
To apply for the MSMEs fund kindly visit www.survivalfund.ng
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