Survival Fund: FG Opens Portal As Registration Of N75bn MSME Scheme Begins

Survival Fund: FG Opens Portal As Registration Of N75bn MSME Scheme Begins

- in Business

The Registration Portal for the Federal Government’s N75 billion Micro, Small and Medium Enterprises Survival Fund would be opened on Monday, September 21 as timetable for categories of businesses to register have been released.

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.

The scheme is estimated to save at least 1.3 million jobs across the country, while targeting an average of 35,000 individuals per state.

READ ALSO: FG To Support MSMEs With N75b Survival Fund

The project, which would run for an initial period of three months, would be opened for 1.7 million entities and individuals across the country.

A statement issued in Abuja on Sunday by the Project Delivery Office stated that the portal which opens at 10 PM, will have educational institutions as the first category of beneficiaries to register.

“In order to ensure seamless registration process, the Project Delivery Office (PDO) has designed a registration schedule.

“Registration for Payroll Support will start with educational institutions on Monday and will be followed with businesses in the hospitality industry on Friday September 25 beginning from 12 A.M.

“The portal will also be open to other category of small businesses from 12 A.M., on Monday September 28, 2020,” the statement said.

The office therefore advised those interested in benefiting from the fund to take note of the schedule and also log on to to register for the payroll support initiative.

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