Survival Fund Payment date for 2021 Latest News on Survival Fund

Checkout Survival Fund Payment date for 2021 Latest News on Survival Fund payment

GoldenNewsNg gathered that Federal Government has disbursed the sum of N27 billion to applicant that applied for the Micro Small and Medium Enterprises (MSMEs) category of the the survival fund tagged MSMEs Survival Fund Scheme.

Furthermore, the federal Government has also commence the payment of funds to 166,000 Nigerians who applied as artisans. Those who falls in this category will receive 30,000 for support of their businesses.

This was made known to by the Minister of State, Industry, Trade and Investment, that heads the MSME Survival Fund and Guaranteed Off-Take Schemes (GOS)

What you should know about Survival Fund scheme:

The Survival Fund scheme was a programme that came at the right time when millions of Nigerians are going through financial crunch.

With the survival fund on board the effect of the covid-19 pandemic will be arrested to some extent.

The scheme is classified as a conditional grant and the funds that is used to fund it comes directly from the Nigerian Economic Sustainability Plan, NESP.

Survival Fund Payment date for 2021

Minister of State also stated that over 300,000 Nigerians has benefited from the Survival Fund  adding that they have all received credit alert on their bank accounts and more are to come in subsequent batches.

First, over 59,000 artisan has received payment from all over Nigeria. After few months, the federal govt also approved more names to make it 166,000 artisans.

Are you aware that over 283,032 employees that work with various MSMEs across the country have received the fund through the management of the organisation they work with?

The survival fund is really a strong buffer against the impact of the COVID-19.