Survivalfund.ng | Survival Fund Application Portal Registration 2020 is https://survivalfund.ng and and also survivalfundapplication.com kindly take not of the two sites and don’t fall a victim of scammers websites.
The Federal Government of Nigeria has opened the registration portal for the payroll support scheme of the N75 billion Survival Fund. The fund is aimed at supporting vulnerable Micro, Small and Medium-sized Enterprises (MSMEs) post-COVID-19.
The National Survival Fund is designed to aid Nigerian MSMEs in surviving the shock of COVID-19 and its adverse effect on the economy. It will ensure that 45% of beneficiaries are female-owned businesses and 5% are owned by persons with special needs.
Survival Fund Application Requirements.
To benefit from National MSMEs Survival Fund, your business must:
—Be Nigerian-owned
—Be CAC-registered
—Business owner must have a BVN
—Staff strength of not less than 10 for Payroll Support and 3 for GoS.
Survivsl Fund Application Eligibility.
To qualify for Survival Fund Nigeria, applicants must meet the following requirements:
A. For employers of MSMEs
- All the beneficiaries companies must be registered under the Corporate Affairs Commission (CAC).
- Must have staff capacity of not less than 3 persons,
- All the eligible enterprises must be owned by a Nigerian and located in Nigeria.
- Must have BVN.
B. Self-Employed Individuals in the following categories
- Service Providers in the transportation sector, i.e bus drivers, taxi drivers, ride share drivers (Uber, Bolt. etc) and Mechanics.
- Artisans: Electricians, Plumbers, etc.
As part of the National MSMEs Survival Fund, there is a Formalization Support for 250,000 businesses in Nigeria, which will be offered CAC free business name registration.
Survival Fund Registration Portal & Information.
Under the National Survival Fund is a Payroll Support Scheme, vulnerable registered businesses will be supported in meeting their payroll obligations of between N30,000 to N50,000 per employee to safeguard the jobs of a maximum of 10 employees over a 3-month period.
In addition to registered businesses, the National MSMEs Survival Fund will also cater to a second category of Nigerians: the Self-employed, including :
- Service providers in the transportation sector, i.e. Bus/Taxi drivers, Rideshare drivers, Auto-Mechanics
- Artisans (Electricians Plumbers etc)
The artisans and transport business operators will receive a one-off N30,000 operations grant to reduce the effects of income loss caused by the COVID-19 pandemic.
As part of the National MSMEs Survival Fund, there is a Formalization Support for 250,000 businesses in Nigeria, which will be offered CAC free business name registration.
Survival Fund Registration Schedule.
The Federal Government has released the timetable for categories of businesses to register:
- Monday 21st September, 2020 – 10:00PM – Education (Private Schools)
- Friday 25th September , 2020 – 12:00AM – Hospitality
- Monday 28th September, 2020 12:00AM – General (All Sectors)
Kindly follow the schedule for your respective sector. Please take the time you need to get your application materials in order
How To Register for National MSMEs Survival Fund.
Visit the National MSMEs Survival Fund portal or website at – www.survivalfund.ng to fill and submit your application form and to get more info about the initiative.
Kindly note that the Survivalfund.ng online registration portal will be opened for registrations on 21st September 2020.
Step 1: Personal registration
Register your personal details to start the payroll support application, visit the Survival Fund Application Portal via https://survivalfund.ng. Instructions at the top of the form will guide you on the required fields that need to be filled to complete the initial registration.
Step 2: Activate your account
You will receive an activation code on the mobile number and email address you registered with. You will need this code to activate your account. Please ensure you have access to the phone number or email address you will register with in order to complete your initial registration.
Step 3: Organization registration
After you have successfully activated your account, you will need to login and register your Organisation. To complete this stage, you will need your CAC Number, SMEDAN Number, Tax ID (optional) and the organisation’s bank account details.
Step 4: Completing the payroll support application
You will receive an email address on the list of requirements needed to complete the application. These include the beneficiary employees details (not more than 10 employees), proof of previous salary payments to the beneficiary and all other supporting documents.
Survival Fund Application/Registration Closing Date 2020
Survival Fund Application and Registration for every sector will be concluded on or before Thursday 15th October, 2020.
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