The Federal Government Survival Fund program has begun verification for disbursement of funds. This verification process is part of the steps involved in the validation of registered applicants. The Verification process began last week and successful applicants can log in and check their status. The verification involves both for bank account details and details of on-boarded employees. In this article, we are going to learn how to check if you have qualified. Successful applicants would get the Survival Fund Grant payment.
About Survival Fund Federal Government Grant
The objective of the Federal Government Survival Fund Scheme is to help with the digital monitoring of MSME’s. This includes the registration and on-boarding of Micro, Small, and Medium Enterprises. Included programs are Payroll Support, Guaranteed Offtake, and MSME Grant. The program will also enable the inventory management of the Guaranteed Offtake Scheme. The program is part of the Economic Sustainability Plan. The aim is to support and protect private sector businesses from the potential vulnerabilities brought about by the COVID-19 pandemic.
The MSME Revolving Guaranteed Offtake Scheme is also one of the Federal Government’s economic support measures to assist micro and small businesses affected by the pandemic. The Payroll Support Scheme is aimed at MSMEs adversely affected by the pandemic. The scheme will provide Payroll Support to a maximum of 10 employees per qualifying MSME.
How to check your survival fund verification status
You logon to the survival fund portal via www.survivalfundapplication.com and click on login at the upper left corner of your screen.
Input your login details. That is the phone number and password you used during registration.
Scroll down to the section of the screen where you see written account. Below your account details, you would see a bold text written “Verified”. This appears if your account has been verified. If it hasn’t been verified you will see it written just “Captured”.
There is need to panic yet if your own account details still read’s “Captured”. The verification process is still ongoing and updates are been made regularly.
Once verification of registered applicant is complete, payment of funds will commence. Fingers are crossed as most wait for the Survival Fund Grant payment.
If you need further assistance don’t hesitate to leave a comment in the comment section.