Have you heard about the Fund and Guaranteed Off take Stimulus Scheme? Will you like to benefit from this program? We will be providing you with all the information you need to successfully benefit from the program.
The FGN Survival Fund Guaranteed Off Take Fund Stimulus Scheme MSME Grant Portal is open.
FGN Survival Fund Guaranteed Off Take Stimulus Scheme
The program is chaired by the Honorable Minister of State (Federal Ministry of Industry, Trade and Investment), Ambassador Mariam Y. Katagum. We are using this medium to announce the commencement of the Guaranteed Off take Stimulus Scheme and the MSME Grant portal opening from the 9th February, 2021.
The Guaranteed Offtake Stimulus Scheme is aimed at protecting and sustaining the incomes of vulnerable Micro and Small Enterprises by guaranteeing the offtake of their products.
How many persons will benefit from the FGN Survival Fund Guaranteed Off Take Fund Stimulus Scheme?
A total of 100,000 Micro and Small Enterprises are to benefit from the scheme. The total target national number of beneficiaries is 100,000 (Lagos 3,880, Kano 3,280, Abia 3,080 while other States will each have 2,640 beneficiaries).
Requirements and Qualifications for FGN Survival Fund Guaranteed Off Take Fund Stimulus Scheme
- Applicant must ‘be registered with the Corporate Affairs Commission (CAC) with at least a business name.
- Applicant must be ready to produce under NAFDAC and SON specifications
- Applicant must have a verifiable BVN and BAN account number
- Applicant must have at least 2 staff members.
The General MSME Grant is a one off grant of N50,000 that will be given to each qualified MSME as direct cash injection into their enterprise. The total number of beneficiaries in this track is 100,000 spread across the States.
All potential beneficiaries must meet the following criteria:
1. Must be a Nigerian national
2. Must be registered with the Corporate Affairs Commission (CAC) with at least a Business Name certificate
2. All applicants must have a verifiable BVN and Bank account number.
How to Apply for FGN Survival Fund Guaranteed Off Take Fund Stimulus Scheme
For further details, click link to apply: https://www.survivalfund.gov.ng
Kindly note that registration for this scheme is ABSOLUTELY FREE. Beware of fraudsters.
We hope this article helped you successfully apply for Survival Fund Grant/Loan.
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