MSME Survival Fund

MSME SURVIVAL FUND & GUARANTEED OFFTAKE SCHEME

The MSME Survival Fund is a conditional grant to support the vulnerable micro and small enterprises in meeting their payroll obligations and safeguard jobs in the MSMEs sector. The scheme is estimated to impact on 35,000 individuals in Yobe State.

To register, log on to

http://www.survivalfundapplication.com

KEY FEATURES OF THE SURVIVAL FUND

PAYROLL SUPPORT

Supporting 500,000 vulnerable MSMEs in meeting their payroll obligations of between N30,000 to N50,000 per employee over 3 months.

FORMALISATION SUPPORT

Provision of free CAC Business Name Registration for 250,000 new businesses.

BUSINESS GRANT

MSME Grants under the Survival Fund will also support 100,000 businesses most affected by COVID-19 pandemic with N50,000 each.

ARTISANS AND TRANSPORTATION WORKER

The MSME Survival Fund will provide further support for 333,000 Artisans and Transport services providers nationwide to reduce the effects of income loss.

GUARANTEED OFFTAKE

The MSME guaranteed Offtake Scheme will ensure bulk purchase of products from 100,000 MSMEs to protect jobs and livelihood nationwide.

TARGETED BENEFICIARIES

Targeted beneficiaries include employees of MSMEs and Self-employed individuals, with provision for a 45% female participation and 5% special needs participation.

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