It is in our pleasure to inform you that the Federal Government 2021 MSME Guaranteed Offtake Stimulus Scheme Registration Form Portal is now open for application.
The Guaranteed Offtake Stimulus Scheme is aimed at protecting and sustaining the incomes of vulnerable Micro and Small Enterprises by guaranteeing the offtake of their product. A total of 100,000 Micro and Small Enterprises are to benefit from the scheme.
The total target national number of beneficiaries is 100,000 (Lagos 3,880, Kano 3,280, Abia 3,080 while other states will each have 2,640 beneficiaries).
Qualification Criteria for Guaranteed Offtake Stimulus Scheme are as follows:
1. Applicant must be a Nigerian National
2. Applicant must be registered with the Cooperate Affairs Commission (CAC) with at least a business name.
3. Applicant must be ready to produce under NAFDAC and SON specifications.
4. Applicants must have a verifiable BVN and bank account number.
5. Applicant must have at least two (2) staff members.
List of Products captured in the Guaranteed Off-take Stimulus Scheme track is as below:
CATEGORY A SANITIZATION & CLEANING
LOT 1 PRODUCT
1 Face Mask
2 Liquid Soap
4 Hand Sanitizer
CATEGORY B PROCESSED FOODS
LOT 2 GRAINS
4 Alkama – Wheat
6 Rice (Parboiled)
7 Rice (Raw) – Paddy
LOTS 3 FLOUR
1 Yam Flour
2 Plantain Flour
3 Soya Bean Flour
4 Garin Danwake
5 Cassava Flour
LOT 4 OIL
1 Palm Oil
2 Groundnut Oil
3 Coconut Oil
5 Soyabean Oil
LOT 5 SPICES
1 Dry Locust Beans
2 Curry Powder
3 Tumeric Powder
4 Ginger Powder
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.
How to Apply for Guaranteed Off-take Stimulus Scheme
All interested and qualified candidates should visit www.survivalfund.gov.ng to apply online.
Please note that registration for this scheme is absolutely free. Beware of fraudsters.