Survival Fund Payment date for 2021 Latest News on Survival Fund payment
if you apply for survival fund then you will be interested in knowing the the latest development.
Did you apply for the survival fund? If you did applied for the survival fund then you should be eager to know when the funds will be released for Beneficiaries to receive nationwide.
For those who are yet to apply and want to find out when the portal will open again for new applicant should click here.
Latest News on Survival Fund payment
Do you know that the 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?
Not done yet, 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 us by the Minister of State, Industry, Trade and Investment, that heads the MSME Survival Fund and Guaranteed Off-Take Schemes (GOS)
Survival Fund Payment date for 2021
This article will help all survive fund applicant to keep track on the next survival Fund Payment date for second batch.
What we do here is to help you guys with relevant information on what the federal Government is doing to make sure that the fund is released timely.
Right now over 300,000 Nigerians has benefitted from the scheme. They have all received credit alert on their bank accounts and more are to come in subsequent batches.
First, over 59,000 artisan received various forms of payment from all over Nigeria. After few months, Then the federal 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.
What you should know:
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.
More on Survival Fund payment date
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Remember that the survival fund scheme is a component of the federal Government Economic Sustainability programme that is fully funded to the tune of over 2.2 trillion naira.
The Government is banking on this fund to help pull Nigerians out of the mess caused by covid-19 that is why the fund is called Covid-19-economic recovery fund that comprises of sectoral, fiscal and monetary measures.
It will help to enhance growth in the real sector of the economy, drive massive job creation and also help to protect and increase local productivity.
Though the funds each beneficiaries receives are not that much but the Government is banking on it to lessened the burden of the pandemic on businesses in the country.
If you are having issues with survival fund payment let us know if can help you.
drop your problems in the comment section below and we will attend to it.
