FG MSME Survival Fund Payroll Support Scheme To Be Extended
26 January 2021 National News
The Federal Government Steering Committee of the MSME Survival Fund and the Guaranteed Offtake Scheme said the MSME Survival Fund Payroll Support portal will be reopened for States that have not met their quota.
This is contained in a statement signed by the Project Delivery Office
MSMEs Survival Fund & Guaranteed Off-Take Schemes.
The committee which is Chaired by the Minister of State, Ministry of Industry, Trade and Investment, Ambassador Mariam Katagum, stated that the Portal will be reopened for a period of seven (7) days for states yet to meet their quota
The statement added that the Portal will be open from 27th January to 2nd February 2021.
It states the following States have met their quota and are consequently not eligible to participate in the reopening exercise.
The States are; Benue, Plateau, Bauchi, Kano, Kaduna, Rivers and the FCT.
The re-opening of the Payroll Support Portal will cut across all sectors, which includes educational, hospitality and general sector.
It reminded the public of the qualification requirements which are;
*Businesses must have CAC registration.
*Businesses must have a minimum of 10 and a maximum of 50 staff.
* Business must be owned by Nigerians.
* Must have verifiable BVN.
The Scheme also provides for 45% female participation and 5% Special Needs participation.
The payroll Support Track of the MSME Survival Fund Scheme, a component under the Nigeria Economic Sustainability Plan, which was flagged off on the 21st of September 2020, it is aimed at supporting vulnerable MSMEs in the payroll obligations of over 500,000 employees for a period of 3 Months.
The statement warned that registration for the scheme is free and advised the public to beware of Fraudsters.
Visit:www.survivalfund.gov.ng for more details.