Last Updated on March 10, 2022
Did you apply for Survival Fund? Do you want to check for Survival fund shortlisted names of beneficiaries/businesses who have been selected for the survival fund MSME programme? Then you are on the right platform. We have exhaustively communicated all the important and recent updates, related to this exercise. Kindly read to the end, to get all the necessary information, concerning the Survival Fund Shortlisted candidates 2022, and how to check your application status.
Table of Contents
About The Survival Fund
In keeping to its promise to support businesses overcome challenges posed by the COVID-19 pandemic, the Federal Government has commence nationwide implementation of MSMEs Initiative namely; the MSMEs Survival Fund with the Payroll support track as the first scheme to rollout (50 Billion Naira) The MSMEs Survival Fund is implemented by the Buhari Administration to help cushion the impact of the COVID-19 pandemic with a view to boosting the economy by saving existing Jobs and creating new job opportunities.
The scheme is a conditional grant to support vulnerable micro and small enterprises in meeting their payroll obligations and safeguard Jobs in the MSMEs sector. The scheme is estimated to save not less than 103 million jobs across the country and specifically impact on over 35,000 individuals per state.
Duration: The scheme will be implemented over an initial period of three months in order to provide immediate relief from the economic impact of the pandemic.
Target Beneficiaries: The scheme targets two categories of beneficiaries namely: employees of MSMEs and Self-employed individuals, both schemes have made provision for a 45% female business participation and special needs participation of 5%.
1. Employees of MSMEs:
The benefiting companies to meet the following criteria:
- Employees’ company Must be registered in Nigeria under the Corporate Affairs Commission (CAC)
- Must have BVN by company CEO
- Must have a staff strength of no less than 3 persons
- Must be owned by a Nigerian
2. Self-employed Individuals in the following categories:
Service providers in the transportation sector, i.e. Bus drivers, Taxi drivers, Ride share drivers, (Uber, Bolt, Taxnfy etc) and Mechanics. Artisans, Electricians Plumbers, etc.
How Is The MSME Survival Fund Helping MSMES
PAYROLL SUPPORT – Supports 500,000 thousand MSMEs in meeting payroll obligations of between 30 thousand Naira to 50 thousand Naira per employee over the period of three (3) months.
FORMALISATION SUPPORT – Provide free CAC business name registration for 250,000 businesses.
GENERAL GRANT – Support the survival of 100,000 businesses most affected by the covid-19 pandemic with 50,000 Naira each.
How To Apply For MSME Survival Fund
To apply visit : https://survivalfund.ng
Kindly read on for information about Survival Fund Shortlisted Candidates 2022.
Survival Fund Shortlisted Candidates 2022
Did you apply for the Survival Fund 2022? If yes, then you probably need to know your application status. That is why this article is important. If you are looking for the Survival Fund shortlist 2022 to check your name, do not worry. The Survival Fund Shortlist 2022 is yet to be out online. DISREGARD any form of advert you come across. This page will be updated immediately after the shortlisted names are released. You can also keep visiting this website or Survival Fund portal @ survivalfund.ng, to stay updated once the list is out.