Survival Fund Beneficiaries Payment | The authority of the Survival Fund under the Economic Sustainability Plan’s (ESP) has release the Survival Fund Beneficiaries Payment details online, If you applied for Second Batch Survival Fund read the full content of this page for proper payment details. Survival Fund beneficiaries would receive their payment this week. read more.
The Survival Fund is part of the Muhammadu Buhari-led administration’s support for small businesses to shield them against negative effects of the COVID-19 pandemic.
The programme gives the one-off general payroll support of N50,000 grant to some Micro, Small and Medium Enterprises (MSME) employees, who have made the beneficiary list.
The summary of Survival Fund beneficiaries as follow;
- The Payroll Support track has 319,755 total number of beneficiaries
- Artisan and Transport Support track 265,425 beneficiaries
- Artisan support track only is 118,581 beneficiaries while Transport track 146,844 beneficiaries.
- The payroll support track 500,000 beneficiaries with payment of up to N50,000 per employee for a period of three months
The scheme is estimated to save not less than 1.3 million jobs across the country and specifically impact on over 35,000 individuals per state. Link to List of FG Grant Programme 2020/2021
The MSME Survival Fund, a component under the Nigerian Economic Sustainability Plan, NESP, is designed to support vulnerable Micro Small and Medium Enterprises (MSMEs) in meeting their payroll obligations and safeguard jobs in the MSMEs sector.
Applications for the MSME Grants and the Guaranteed Off-take Stimulus Scheme opened on February 9 and closed on March 1, 2021.
The General MSME Grant is a one-off grant of N50,000 that will be given to each qualified MSME as direct cash injection into their enterprise. The total number of beneficiaries in this track is 100,000 spread across the States.
In the same vein, under the Artisan Support scheme, a total of 333,000 Artisans and Transport business operators nationwide will get a one-time operations grant of N30,000 per beneficiary to reduce the effects of income loss due to the COVID-19 pandemic.
Also, 172,129 businesses have so far benefitted under the under the ESP Survival Fund formalization support track, which is aimed at registering 250,000 new businesses for free with the Corporate Affairs Commission (CAC).
The formalization support scheme had commenced on the 26th of October, 2020, with the registration by aggregators – CAC registration agents across the 36 states and the FCT.
The processing of applications for the Guaranteed Offtake Stimulus Scheme is still ongoing and the commencement of this track will be announced on a later date.
The Guaranteed Off-take Stimulus Scheme is aimed at protecting and sustaining the incomes of vulnerable Micro and Small Enterprises by guaranteeing the offtake of their products.
A total of 100,000 Micro and Small Enterprises are to benefit from the scheme. Available Website You Can Apply For FG Empowerment
The Economic Sustainability Plan (ESP) was approved by President Muhammadu Buhari on June 24, 2020 as a N2.3 trillion stimulus plan to mitigate the socio-economic effects of the COVID-19 pandemic.
The Plan was developed by the Economic Sustainability Committee chaired by Vice President Yemi Osinbajo.