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Do you want to apply for the FG Survival fund Program? You can start your MSME Survival Fund application targeted at entrepreneurs and business owners. The MSME Survival Fund is offered by the Federal Government of Nigeria to all micro, small and medium entrepreneurs in Nigeria.
About MSME Survival Fund
The MSME Survival Fund is an initiative by the Federal Government of Nigeria to provide supports to over half million MSMEs in the country in meeting payroll obligations, startoff. So therefore the survival fund includes employees payroll support, guaranteed offtake, and MSME grant.
The aim of the FG MSME Survival Fund program as part of the economic, sustainability plan is to assist micro, small and medium enterprises by providing needed support and protection of the businesses from potential vulnerabilities brought by the COVID-19 pandemic.,
The MSME, CRM and MIS platform is to assist with the digital registration, onboarding and management of enterprises for the FG MSME Survival Fund program.
Why MSME Survival Fund
The FG Survival Fund is another funding opportunity program for Nigerians who are business owners and entrepreneurs to leverage on by submitting application for the Survival Fund.
The MSME Survival Fund is an initiative by the Federal Government in ensuring Nigeria entrepreneurs and small business owners survive the impact of the COVID-19 pandemic with a view of boosting the economy.
Is The MSME Survival Fund a Loan Or Grant?
The FG Survival Fund scheme is a grant to support every vulnerable micro, and small enterprises in meeting their payroll obligations and safeguard jobs in the medium, small and micro enterprises sector.
Steps And Requirement For Survival Fund Program
The Survival Fund application requires the following step and process to successfully complete registration.
Step One: Registration
For this very step in FG MSME Survival Fund, an applicants will need register at survivalfund.gov.ng and submit all needed personal details and accept the terms and conditions of the survival fund. You are required to activate your account using an activation code that will be sent to your registered phone number or email address.
Step Two: Organization Registration/Update
After successful activation of your account, you will need to complete the onboarding process by adding your organization/business details. The information required here include: business name CAC registration number, SMEDAN number, Organization bank account details.
Step Three: Submit Employees Details.
You are required to complete the payroll support by submitting your employees details
Step Four: Submit Application
On completion of your survival fund application form, applicants can submit the MSME survival fund application but must ensure all necessary details and supporting documents are provided.
Now that you have successfully complete application, you will need to wait for contact call and payment from the MSME survival fund program.
Also Check Now: 25 Business Grants For Africans Who Are Entrepreneurs
Categories of MSME Survival Fund You Can Choose
The Survival fund program supports entrepreneurs in Nigeria by providing some categories of FG MSME Survival Fund Type during your registration.
Select any of the following survival fund category that meet your desired funding support.
MSME Payroll Support
This category of Survvial Fund is called the MSME Payroll Support Scheme and is for business owners who need fund to keep up with their staff pay and keep their employees and sustain local production.
MSME Grant
This survival fund is provided to support firm to boost and increase production capacity as result of the COVID-19 impact. The focus is on business sectors whose production where affected by the pandemic to assist them increase their manufacturing/production capacity.
Guaranteed Offtake Scheme
Basically for medium, micro and small business enterprises. Applicants can select this category to get survival fund to start their business.
Eligibility Criteria For MSME Survival Fund
Applicants need meet the following eligibility for each categories to participate in the Survival Fund program.
The Survival Fund program is to run for a duration of three (3) months as the anticipated impact is to target and assist over one million micro and small enterprises
Survival Fund Payroll Support
- Business need to be registered in Nigeria under the Corporate Affairs Commission.
- Nigerian Owned Business
- Verifiable BVN of business owner
- Minimum of 3 and maximum of 50 employees
- Only MSMEs registered on the MIS Platform shall be eligible to participate.
- Each MSME shall submit their bank statement showing payroll receipts to their employees for the last 3 months.
Survival Fund Formalization Support
- Individual who must meet the below criteria to be eligible to participate
- Be a Nigerian
- Have a verifiable BVN
Survival Fund For Artisan And Transport Workers
- Applicants must be in the transportation sector: taxi driver, bus driver.
- Candidates are encouraged to register through trade associations, union such as National Union of Road Transport Workers, State Taxi Drivers Association, Mechanic Association.
Survival Fund Guaranteed Offtake Grant
- Be registered in Nigeria under the Corporate Affairs Commission
- Verifiable BVN of business owner
- Have staff strength of no less than 3 persons
- Be Nigeria owned organization
How To Register For MSME Survival Fund
You can begin your registration for the MSME Survival Fund at the survival fund portal, below are steps and guide to assist your successfully complete the MSME Survival Fund
Go to the website for survival fund registration here (https://www.survivalfund.gov.ng)
Click on the Start Here button at the top left corner to access the FG survival fund registration.
Select your preferred category of Survival Fund by simply clicking on your desired registration type- MSME Payroll Support, MSME Grant, and Guaranteed Offtake Pay Scheme.
Completely fill the form with all your needed details and Submit
Activate your account using an activation code that will be sent to you.
Upon activation, sign in to the portal and proceed with the survival fund onboard process which are submission of organization and staff details.
Is The Survival Fund Registration Still Ongoing?
Please Note: Registration for the FG MSME survival fund at the portal survivalfund.gov.ng is currently on hold for all the categories of the survival fund. Previously registered candidate are currently been contacted via mobile phone and email for disbursement of fund.
However, do stay updated about the next FG MSME survival fund application, you do need to subscribe for free notification about funds and other opportunities.
How To Activate Survival Fund Account
To activate your account on the survival fund portal after you have registered. Applicants need to visit the survival fund activation website or https://unn-edu.info/2020/09/www-survivalfundapplication-com.html
Enter the activation code that was sent to your phone number and email used during the registration process in a space that will be provided.
Finally click on the activate button below the activation code box.
How Can I Check My Survival Fund Status
You can check your status for the survival fund on the scheme portal if you are concerned and do need to know your survival fund status. Organizations that scaled the screening and selection process do get a direct contact basically through registered phone number.
Has Survival Fund Started Payment?
The Federal Government has commenced the payment for survival fund as a furtherance of the FG administration to support micro and small business in the country.
The Survival Fund payment which began started with calls from the MSME Survival Fund Scheme and disbursment of fund to all qualified applicants.
The payment for the survival fund began for General MSME grant which is a one-off grant of N50,000. In the same vein under the artisan support for both artisans and transport business operators getting a one-time survival grant of N30,000 to support each beneficiary to reduce effect of loss during the pandemic.
How Can I Apply For Survival Fund 2021?
To register for the Survival Fund 2021, application can be carried out on the survivalfund.gov.ng portal. Once the application portal for the fund is open. You can visit the website to start registration for the survival fund online and complete the application form.
References
https://studygreen.info/fg-survival-fund-program-for-nigerians/
https://panafricaninstitute.org/msme-survival-fund.html
https://www.bbc.com/pidgin/fg-msme-survival-fund-enrollment
https://www.thisdaylive.com/2021/esp-survival-fund-fg-begins-payment
