How to Apply for FG MSME Survival Fund Program 2020/2021-Steps and Guide | Survival Fund portal – www.survivalfundapplication.com
Welcome to mitrobenetwork, in today’s guide, I will show you How to Apply for FG MSME Survival Fund Program- survivalfundapplication.com.
The objective of the (Survival Fund Program) FG MSME CRM & MIS Platform is to help with the digital registration, onboarding and management of Micro, Small and Medium Enterprises for the Federal Government Survival Fund Program. The program includes Payroll Support, Guaranteed Offtake and MSME Grant.
The Survival Fund Program (CRM & MIS Platform) will also enable the inventory management of the Guaranteed Offtake Scheme.
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This program is part of the Economic Sustainability Plan, which aims to support and protect these businesses from the potential vulnerabilities brought about by the COVID-19 pandemic.
About FG MSME CRM & MIS Platform
The COVID-19 crisis and its attendant restriction on movement of people and border closures is causing all components of aggregate demand to fall. The fall in household consumption in Nigeria stems from restrictions on movement, thus causing consumers to spend primarily on essential goods and services; low expectations of future income and the erosion of wealth and expected wealth.
Movement restrictions have not only reduced the consumption of nonessential commodities in general, but have affected the income-generating capacity of the population, thus reducing their own consumption expenditure.
Nigeria has a large informal sector which contributes about 65 percent of its economic output and a large proportion of the population is clustered around the poverty line thus making them highly vulnerable to falling into poverty due to shocks. The MSME Revolving Guaranteed Off-take Scheme is one of the Federal Government’s economic support measures to assist micro and small businesses affected by the pandemic.
The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic. The scheme will provide Payroll Support to a maximum of 10 employees per qualifying MSME.
Survival Fund Application 2020 – Here is FG Small and Medium Enterprises (MSME) Survival Initiatives Funds, Signup, and Registration guide on survivalfund.ngSurvival Fund Application October 2020 Guide.
Name: Survival Fund “Small and Medium Enterprises (MSME)”
Mission: Payroll Support
Official Website: www.survivalfundapplication.com
This is a detailed guide on Survival Fund (Payroll Support) Registration and application for all Nigerian youths who are interested in the initiative.
The Survival Fund initiative is a federal government payroll support for registered businesses in Nigeria to assist in cushioning the effects of Covid-19 on Small and Medium scale businesses.
The Federal Government of Nigeria has set aside 75Billion Naira to further assist business owners, artisans and transport support scheme in Nigeria through the Survival Fund initiative on www.survivalfundapplication.com
Survival Fund Registration October 2020 (Requirements)
Here are some of the known requirements for Survival Fund Registration for 2020.
- Ownership – The business must be an indigenous company (Nigerian-owned)
- Legal Registration – The said business must be registered with the Corporate Affairs Commission (CAC) to qualify
- BVN Number – All qualified applicants must have a valid BVN
- Staff Strength – You must have a
minimum(corrected) Maximum of 10 staffs on your payroll to qualify
How to Apply for Survival Fund 2020
Herewith are some simple guide on how to apply for Survival Fund registration procedures for October 2020.
- STEP 1: Visit the official Survival Fund portal on https://www.survivalfundapplication.com/
- STEP 2: Go through the available process and read their requirements.
- STEP 3: Submit all relevant document as applicable
Survival Fund Application Support Time Table October 2020
Below is the updated Survival Fund Registration support timetable for 2020. This timetable covers the Educational industry (Private Schools), Hospitality, and General Sector.
|1||Monday, 21st September, 2020||10:00pm||Education (Private Schools)|
|2||Friday, 25th September, 2020||12.00pm||Hospitality|
|3||Monday, 28th September, 2020||12.00pm||General (All Sectors)|
Survival Fund Shortlisted Candidates October 2020 Updates
You will be contacted via email/SMS/Online publication for the Survival Fund Shortlisted Candidate update.
On no account should you send funds to anyone for inclusion or enlistments.
All Survival Fund Shortlisted Candidates should deal directly with the agency as at when due and as stipulated.
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