How to Apply for FG MSME Survival Fund Program – This program is part of the Economic Sustainability Plan, which aims to support and protect these businesses from the potential vulnerabilities brought about by the COVID-19 pandemic.
FG MSME Survival Fund Program
The program includes Payroll Support, Guaranteed Offtake and MSME Grant. The CRM & MIS Platform will also enable the inventory management of the Guaranteed Offtake Scheme.
The objective of the FG MSME CRM & MIS Platform is to help with the digital registration, onboarding and management of Micro, Small and Medium Enterprises for the Federal Government Survival Fund Program.
About FG MSME CRM & MIS Platform
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.
Movement restrictions have not only reduced the consumption of nonessential commodities in general, but have affected the income-generating capacity of the population, thus reducing their own consumption expenditure.
Nigeria has a large informal sector which contributes about 65 percent of its economic output and a large proportion of the population is clustered around the poverty line thus making them highly vulnerable to falling into poverty due to shocks. The MSME Revolving Guaranteed Off-take Scheme is one of the Federal Government’s economic support measures to assist micro and small businesses affected by the pandemic.
The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic. The scheme will provide Payroll Support to a maximum of 10 employees per qualifying MSME.
How to Apply for FG MSME Survival Fund Program
- Visit the official website Here
- Register to be part of this Federal Government Survival Fund Program with your business and(or) personal information.
- Once fully registered on the platform, complete the onboarding process by adding Organisation, Bank and Employees details.
Upon registration, you will receive an activation code on the registered mobile number, you will be prompted to enter the activation code to activate your account. Ensure you use a password you can remember and your mobile number should be available.
- Register on CRM_MIS Platform
- Receive an Activation Code
- Login to Your Profile
Once you have successfully onboarded, you can register your Organisation. You will need basic information like CAC registration information to complete this.
Following verification of the information submitted during your registration and having met the selection criteria, your application will be eligible for payment as specified under the scheme applied for.
For questions on How to Apply for FG MSME Survival Fund Program, use the comment box below.