Survival Fund Latest News: FG Disburses N27bn / Extends Registration to Feb. 18

Survival Fund Latest News: FG Disburses N27bn / Extends Registration to Feb. 18

Latest update on Survival Fund is here. You get all the news from Federal Government Disbursement of Survival Funds this month.

So what are you waiting for? Do you want to participate in this opportunity? then apply here.

Listen to this update: The Federal Government has disbursed N27 billion to Micro Small and Medium Enterprises (MSMEs) as part of the MSMEs Survival Fund Scheme.

Who made this statement and why?

Minister of State, Industry, Trade and Investment, Amb. Mariam Katagum, disclosed this on Thursday while briefing newsmen in Abuja.

Katagum said that government would also roll out the last two schemes that make up the Survival Fund.

What Did She Said About Survival Fund Latest News?

She said that the Steering Committee for the Survival Fund would turn in its reports to the Ministry of Finance as well as await the second tranche of the fund. Katagum, who is also the Chairperson, Steering Committee, MSME Survival Fund And Guaranteed Off-Take Schemes (GOS), said the existing schemes were progressing seamlessly.

So What Are The Federal Government Planning On this?

“The Federal Government is set to rollout the last two schemes of the MSMEs Survival Fund component of the National Economic Sustainability Plan (NESP) namely, the Guaranteed Offtake Scheme (GOS) and the General MSMEs Grant. “Two of the components approved under the Economic Sustainability Plan (ESP) are the MSMEs Survival Fund and Guaranteed Off-take Scheme.

What Is the Role of the Steering Committee?

The Steering Committee approved the implementation of the 2 Schemes in 5 distinct parts namely; the Payroll Support Scheme, Artisan and Transport Scheme, Formalization Support Scheme, General MSMEs Grant and the Guaranteed Offtake Scheme.

So When Is The  Survival Fund Portal for Registration Will Open?

The portal will open from 11:59pm on Tuesday, 9th February 2021 to Thursday 18th February 2021 for the Guaranteed Off take Scheme (GOS) and General MSME Grant Applications.

You can apply now