– Survival Fund Application Portal 2022 –
Survival Fund Registration Portal 2022 is opened. Are you searching for grants and funds to start a business because of the Impact of the pandemic? If yes, you are on the right track.
About the Survival Fund
The Federal Ministry of Industry, Trade, and Investment has successfully begun recruitment intake for 2022 session applicants.
Are you willing to apply for the federal government FG N75Bn MSME Survival Fund? In this article, you shall learn all the detailed guidelines that will see you wall through with a fund to support your business.
Therefore, this page will guide you on how to apply for the ongoing positions advertised by the Survival Funds, and get notifications for other job openings in Nigeria for graduate and non-graduate.
Because of the downward movement of the economy and the adverse effects, it has on Nigerians and small, medium-sized enterprises and businesses.
The Federal Government has concluded plans that will see Nigerian businesses getting some relief funds from the government.
Distribution of the Survival Fund
These funds will come into phases as it meant us to understand, namely:
MSME Survival Fund with the Payroll support track.
1. MSME Survival Fund: 60 Billion Naira available fund.
2. Payroll support track: 15 Billion Naira.
The federal government is banking heavily on these funds, as they believe and claim it will help put smiles on the faces of Nigerians.
3. Duration: At least a time has been given, and it is to last for 3 months or even more.
4. Beneficiaries: Micro and small businesses registered in Nigeria.
How to Apply for N75Bn MSME Survival Fund
1. Here is the website to register www.survivalfund.ng
2. You have to scroll a little to the registration link button and click on it for smooth registration.
3. Also, you will have to fill in all the information and details we ask you.
4. Make a printout of your acknowledgement slip to prove that you actually register.
Application Form and Portal
1. Payroll Support: the federal government targets to assist about 500,000 MSMEs. This will help them have liquid cash to pay staff salaries, etc.
2. Formalisation Support: a window is open here to see that over 250,000 unregistered businesses get registered for free.
3. General Grant: About 50,000 naira to be given to businesses that are massively affected by the pandemic.
4. Artisan/Transport Support: Artisan/Transport Support operators will receive the support of 30 thousand nairas.
5. Guaranteed Offtake Scheme: Bulk purchase of products from 100,000 MSMEs to protect jobs and livelihood
MSME Survival Fund
The federal government is launching a new site. That will help see Nigerian businesses pull through the current economic storm. Here MSME that is at the point of collapse will get a Survival Fund that is just like the youwin conditional grant.
However, you might ask, why is the federal government providing these funds? The federal government knows that in no distance time most employers of labour are going to lie off their workers and this will have a negative multiplier effect on the economy.
To prevent the imminent job, loss, the federal government had to step in, to save the situation by helping save 1.3million jobs across the country.
1. Duration: this scheme might come in stages but the first stage is going to last for just 3 months. There might be an extension, but don’t worry, we are going to inform you more about this.
2. Target Beneficiaries: employees of MSMEs and Self-employed individuals are highly likely to receive this funding
FG N75Bn MSME Survival Fund Application Requirements
1. Employees’ or beneficiary’s company should be in Nigeria and also registered with the Corporate Affairs Commission, CAC
2. To fast track, the disbursements of funds beneficiaries must have BVN
3. Employers of labour must show proof that they have a staff strength of not less than 3 persons
4. The business must be functional and should be owned by a Nigerian
Self-Employed Individuals:
1. Self-employed individuals should be actively involved in the business in the transportation sector, i.e. Bus drivers, Taxi drivers, Rideshare drivers,(Uber, BoltTaxnfy, etc) and
2. Mechanics.
3. Also, the Artisans, Electricians Plumbers, etc.
The Key Point to Note about Survival Fund Registration Form Portal 2022
1. Payroll support: target over 500,000 vulnerable MSMEs that are at the point of collapse, as this will help them meet necessary obligations in their businesses. At least each business will have funds to pay N30,000 to N50,000 per employee salary in a space of 3 months.
2. Formalisation Support: there will be free business registration as this will help the federal government increase its revenue base in the future time.
3. General Grant: Not less than 100,000 businesses will benefit from these funds, they are going to receive 50,000 or more.
FAQs about the Survival Fund Registration Portal
Below are FAQs about the Survival Fund Registration Portal. Please, kindly examine the answers.
1. How do I register for survival funds?
To register for the survival fund, then follow the instructions we will outline below.
1. Login survival fund portal www.survivalfund.gov.ng.
2. Sign up for your personal and business information.
3. Select the category you wish to apply to.
4. Upload the documents required of you through the portal.
5. Click on Submit.
2. How do I register for Survival Fund 2022?
Sign up on www.survivalfund.gov.ng with the information that is needed, including your CAC business registration details.
However, Survival fund application is free so you register for the Federal Government Survival fund programme online via the website.
3. How do I check my survival fund status?
How to check your application status on survival fund portal:
1. Login to the survival fund portal https://www.survivalfund.gov.ng.
2. Put your login details (Phone number and password you used during registration).
3. Scroll down to the section of the window where you see account and check for text written “Verified“.
4. Is Survival Fund portal still open?
How long will Survival Fund payment last?
Of the 265,425 beneficiaries, there are 118,581 beneficiaries under Artisan support track, and 146,844 beneficiaries under the Transport track.
According to him, the payroll support track aims to support 500,000 beneficiaries with payment of up to N50,000 per employee for a period of three months.
More FAQs about the Survival Fund Registration Portal
5. What is MSME Survival Fund?
The MSMEs Survival Fund scheme is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguarding jobs in the MSMEs sector.
The scheme is expected to save at least 1.3 million jobs across the country and specifically impact over 35,000 individuals per state.
6. Has Survival Fund start paying?
The following states below fall under the first batch that have started receiving survival fund payment: Lagos State. Kano State. Abuja FCT.
7. What is disbursement of Survival Fund?
The Federal Government has announced it has disbursed the sum of N56. 8 billion to 835,161 beneficiaries under the MSME Survival Fund scheme
StudentsandScholarship Team.
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