Have you received your MSME Survival Fund yet? Or perhaps you want to find out how to register your business for free with the MSME Survival Fund? Then read on to find out everything you need to know.
So, everything you need to know about government grants and how to apply for them is provided below.
Free Business Registration with the MSME Survival Fund
Through entrepreneurship, the money will help Nigerian enterprises develop and broaden their commercial opportunities. This is a component of the government’s post-Covid-19 Pandemic Survival intervention, which also aims to support micro and small businesses.
We also notice that Bashir Ahmad, Buhari’s personal assistant for new media, tweeted that the CAC would register 6,600 business names in 34 states across the Federation.
In other words, not all the states would benefit equally from this free business; Abuja will receive 7906, Lagos 9048, and Kano 8400.
How to Register Freely and Apply for Benefits
There is still time to register for free.
To use the CAC site, go to www.cac.gov.ng.
Three (3) suggestions are required.
two (2) passport-sized photos
Suitable Identification Techniques
Phone Number/Email Address
How to Make a Government Funding Request
You can register your company under “Medium Small Micro-Entrepreneurs” for free (MSME). The payment of $250,000 to business owners with businesses registered with the Corporate Affairs Commission has been authorized by Nigerian President Muhammadu Buhari (CAC). However, this amount will be shared among all individuals who have registered as business owners.
Additionally, the following is a list of federal grants that you can apply for:
N4M GEEP Loan for MSMEs from FG; 50K Agricultural Business Loans for Graduates
Empowerment of 40,000 Smallholder Farmers in Ogun State
CBN Approves Loan For Artists Of 2 Billion Naira
Nigerian Women Entrepreneurs to Receive $15M from AfDB Through We-Fi
By the Development Bank’s EXXARO BURSARY PROGRAMME 2022 SOUTH AFRICA, MSMEs Will Receive N482 Billion in Payments
Opportunities for Business Financing in South Africa (How to Get Business Funding)
THE SASOL BURSARY PROGRAMME FOR YOUTH IN SOUTH AFRICAN
Bursary Fund for Standard Bank (Standard Bank Group Bursaries)
Federal Government SMEDAN Loan – MSME Fund Application Free Government Loans and Startup Grants for Businesses
Application Form for CBN Covid-19 Loan 2022 – NIRSAL
Apply via the Nigeria Youth Investment Fund application form.
Lagos State MSME Recovery Fund 2.0 – Apply Here Now
Applying for Government Funds
You do not have to spend anything to apply for this scheme because it is free. So, those interested in applying should do so as soon as possible.
The Nigerian government is doing everything it can to empower Nigerian youngsters and foster positive economic partnerships both within and beyond the country.
Nigerian youths should seize this chance since it will secure a high level of life, minimize corruption, and boost development.
This will also help to create jobs in the country’s current situation.
Conclusion – FAQs
How long is the Survival fund paid?
These programs are expected to run for an initial period of three (3) months. Payroll support – This track targets 500,000 individual beneficiaries. The scheme will support their payroll obligations by paying between N50,000 (max) and N30,000 (min) to between 3 (min) and 10 (max) staff for 3 months.
How do I check my survival fund status?
Indeed, it is important to know if your application is successful. Consequently, there are instructions you can follow to know so.
- First, visit the Survival Fund Program website.
- Then put in your login details in the required fields.
- Finally, scroll down to the bottom of the page and check for the text “Verified”. If you see this, it means your account is verified. However, if you see “Captured”, it means it is yet to be.
How to check your application status on the survival fund portal:
- Login to the survival fund portal https://www.survivalfund.gov.ng.
- Put your login details (Phone number and password you used during registration).
- Scroll down to the section of the window where you see the account and check for text written “Verified“
Has the Survival fund started paying?
According to today’s MSME Survival Fund 2022 Payment Update, the federal government has started paying employees and CEOs under the Payroll Sports Track for the third month in the form of N30,000 to N50,000 Salary Support as well as Guaranteed Aftech Scheme Track.
How do I register for the FGN Survival fund?
You can apply online for the FGN Survival fund. However, if you have difficulties with using computers you can request help from someone you trust.
- First, visit the Survival Fund portal.
- Secondly, register your personal details.
- Register your business details. For instance, CAC registration number, back account information, etc.
- Then, fill in a salary support application.
- Finally, submit the form, print it out and keep it safe.
Requirements for Survival Fund registration
- Must be a Nigerian citizen.
- Must have a verified Bank Verification Number (BVN).
- Must be registered with CAC (Cooperate Affairs Commission).
- Your business must be indigenous.
- You must have at least 10 active staff on your payroll and 3 GOs.
How does Survival Fund work?
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.
What is US FGN?
FGN Bonds are debt securities (liabilities) of the Federal Government of Nigeria (FGN) issued by the Debt Management Office (DMO) for and on behalf of the Federal Government. The FGN should pay the bondholder the principal and agree with interest as and when due.