Federal Government 2020 Survival Fund For MSMEs & Artisans

Published: 22 Sep 2020

The Federal government has announced that registration for the N75 billion survival fund for Micro, Small and Medium Enterprises (MSMEs) will begin on Monday, September 21.

The survival fund is a conditional grant to support vulnerable Micro and Small enterprises in meeting their payroll obligations and safeguard jobs in MSMEs from the shock of the COVID- 19 pandemic.

A statement issued in Abuja on Sunday, 20th September, 2020, by the Project Delivery Office said the portal which opens at 10 pm on Monday the 21st, would have educational institutions as the first category of beneficiaries to register.

Federal Government Survival Fund For MSMEs & Artisans

Application Deadline	October 15, 2020
Country to study	Nigeria
Type	Entrepreneurs
Sponsor	Federal Ministry Of Education
Gender	Men and Women

Benefits of Federal Government Survival Fund For MSMEs & Artisans

The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic. The scheme will provide Payroll Support to a maximum of 10 employees per qualifying MSME.

Requirements for Federal Government Survival Fund For MSMEs & Artisans

• All Micro, Small and Medium Enterprises in Nigeria are eligible to Apply.
• 75 Billion shall be shared across all MSMEs in Nigeria.
• At least 1.7 Million Nigerians Business will get the opportunity to benefit from this money.

Selection Process

Timeline:

• Monday 21st September, 2020 – Education (Private Schools)
• Friday 25th September, 2020 – Hospitality
• Monday 28th September, 2020 – General (All Sectors)
• See how to Apply Below;

Application Deadline

October 15, 2020

How to Apply

Interested and qualified? Go to Federal Ministry Of Education on www.survivalfundapplication.com to apply