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Survival Fund Application 2024/2025 Registration Form Portal

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Are you a small or medium-sized business owner in Nigeria? Do you need financial assistance to cope with the effects of the Covid-19 pandemic on your business? If yes, then you should apply for the Survival Fund programme, a federal government initiative to support MSMEs in the country.

The Survival Fund programme was launched in 2020 to provide grants, payroll support, and business registration support to eligible MSMEs across various sectors. The programme aims to cushion the impact of the Covid-19 pandemic on the economy and preserve jobs and livelihoods.

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The Survival Fund programme has three main components: Payroll Support, Formalization Support, and General Grants. Each component has its own eligibility criteria, application process, and benefits. In this article, we will explain everything you need to know about the Survival Fund programme and how to apply for it.

Payroll Support

The Payroll Support component is designed to help vulnerable MSMEs pay their employees’ salaries for three months. The programme targets MSMEs that have been adversely affected by the Covid-19 pandemic and are at risk of laying off their workers.

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The Payroll Support component provides a grant of ₦30,000 to ₦50,000 per employee per month, depending on the sector and the size of the business. The programme aims to support 500,000 MSMEs and save 1.3 million jobs across the country.

To be eligible for the Payroll Support component, you must meet the following criteria:

  • You must be a Nigerian citizen and resident
  • You must have a valid BVN and a bank account
  • You must have a registered business name with the CAC
  • You must have a minimum of 10 and a maximum of 50 employees
  • You must belong to one of the following sectors: education, hospitality, health, creative, transport, or manufacturing
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Formalization Support

The Formalization Support component is aimed at providing free business name registration for 250,000 new businesses in Nigeria. The programme seeks to encourage more Nigerians to formalize their businesses and benefit from the opportunities and incentives that come with having a registered business.

The Formalization Support component covers the cost of registering a business name with the CAC, which is normally ₦10,000. The programme also provides free access to the CAC online portal and other digital services.

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To be eligible for the Formalization Support component, you must meet the following criteria:

  • You must be a Nigerian citizen and resident
  • You must have a valid BVN and a bank account
  • You must have a viable business idea or an existing business that is not registered
  • You must not have any criminal record or pending litigation

General Grants

The General Grants component is intended to provide one-off grants of ₦50,000 to 100,000 MSMEs in Nigeria. The programme targets MSMEs that have been operating for at least one year and have a proven track record of innovation, resilience, and impact.

The General Grants component is open to MSMEs in any sector, as long as they meet the following criteria:

  • You must be a Nigerian citizen and resident
  • You must have a valid BVN and a bank account
  • You must have a registered business name with the CAC
  • You must have a minimum annual turnover of ₦360,000 and a maximum of ₦15 million
  • You must have a clear business plan and a demonstrated need for the grant
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How to Apply for the Survival Fund Programme

The application for the Survival Fund programme is done online through the official website of the programme: www.survivalfundapplication.com. The website contains all the information and guidelines you need to apply for any of the components of the programme.

To apply for the Survival Fund programme, you need to follow these steps:

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  • Visit the website www.survivalfundapplication.com and click on the Start Here button
  • Choose the component you want to apply for: Payroll Support, Formalization Support, or General Grants
  • Fill in your personal and business details and upload the required documents
  • Submit your application and wait for confirmation

Note that the application for the Survival Fund programme is free and you do not need to pay any fee or bribe to anyone. Beware of fraudsters and scammers who may try to extort money from you in the name of the programme.

Also note that the application for the Survival Fund programme is done in batches and the portal may not be open at all times. You need to check the website regularly for updates on when the next batch of applications will commence.

Survival Fund Registration Portal Login

The portal wwww.survivalfund.ng is where the application would be done however as of now, the portal is no longer being used. Once you click on the Register button, you would be immediately redirected to www.survivalfundapplication.com which is also no longer in use as we speak.

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Latest Update On Survival Fund Registration

The Survival Fund Registration portal has been deactivated as of now but once the portal is activated again, you would be updated immediately via this article. Both portals that were used during the course of the previous registration are no longer live as we speak.

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Conclusion

The Survival Fund programme is a laudable initiative by the federal government to support MSMEs in Nigeria and mitigate the impact of the Covid-19 pandemic on the economy. The programme offers grants, payroll support, and business registration support to eligible MSMEs across various sectors.

If you are interested in applying for the Survival Fund programme, you need to visit the website www.survivalfundapplication.com and follow the instructions and guidelines provided. You also need to meet the eligibility criteria and provide the required documents for the component you want to apply for.

We hope this article has provided you with useful information on how to apply for the Survival Fund programme and what to expect from it. If you have any questions or feedback, please leave them in the comment section below. Also, share this article with your friends and colleagues who may find it helpful.

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