Saturday, October 31, 2020

FG To Unveil New Survival fund Application Portal On November 1st 2020

The Federal Government says it will affect a change in the Survival-Fund Macro, Small and Medium Enterprises (MSMEs) grant and Guaranteed off-take Stimulus Scheme site from Nov.1 due to operational challenges. The portal which is currently at www.survivalfundapplication.com will be moved to a new site.

Amb. Mariam Katagum, Minister of State for Industry, Trade and Investment and Chairperson of the Steering Committee of National MSMEs Survival Fund and Guaranteed off-take Stimulus Scheme disclosed this in a statement on Saturday in Abuja.

According to the minister, the survival fund site will be migrating to www.survivalfund.gov.ng with effect from Nov. 1 2020 due to operational challenges.

The public is further warned not to pay anything for the ongoing formalisation process or any of the package under the scheme...it is absolutely free,” she said. The Payroll support Application is already closed, but MSME Grant and Guaranteed Offtake is yet to commence.

The Credit Support to MSMEs and Priority Sector will provide affordable finance to key sectors impacted by the pandemic and enable an increase in manufacturing capacity in priority sectors.

The MSME Guaranteed Offtake Scheme which is yet to commence is one of the Federal Government's economic support measures to assist micro and small businesses affected by the pandemic.

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