Here’s to inform the general public of the ongoing FGN MSMEs Survival Fund 2020. See 3 things you should know, how to apply and the requirements.
Applications are invited from eligible business owners for the Federal Government MSMEs Survival Fund 2020
Official registration of beneficiaries into the Micro, Small and Medium Enterprise (MSMEs) Survival Fund has open on Monday 21 September, 2020.
However, they’re 3 things which an applicant should know before applying for FGN MSMEs Survival Fund 2020. They include:
- Why FGN Introduce MSMEs
- MSMEs Registration Requirements
- How to Apply for FGN MSMEs
Why FGN Introduce MSMEs
The COVID-19 crisis and its attendant restriction on movement of people and border closures is causing all components of aggregate demand to fall.
The fall in household consumption in Nigeria stems from restrictions on movement, thus causing consumers to spend primarily on essential goods and services; low expectations of future income and the erosion of wealth and expected wealth.
Requirement for FGN MSMEs Survival Fund 2020
The requirements to successfully apply for FGN MSMEs Survival Fund 2020 includes:
- CAC certificate to show your business is registered.
However, if your business is not registered under Corporate Affairs Commission (CAC), the govt have promised to help 250,000 businesses to register for free.
- Bank Verification Number (BVN) will be required.
- Date of birth will also be required.
- Applicants must have a valid phone number and email address.
How to apply for Survival Fund registration portal
According to the timetable released by FG, they divided the businesses into three (3) categories;
However, let me bring it to your notice that the registration for all the sector will continue until Thursday, 15 October, 2020.
Additionally, if you need more update on FGN MSMEs Survival Fund 2020, kindly drop with us your email address on the comment box.
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