Please be aware that the Federal Government Survival Fund intervention as promised has been kicked of today, and registration is now ongoing.
What is the MSME ?
MSME is an abbreviation which means Micro, Small and Medium Enterprises
Brief Introduction of the MSME
The CBN launched the MSME Development Fund on August 15, 2013 with a share capital of N220 billion. The Fund was established in recognition of the significant contributions of the Micro, Small and Medium Enterprises (MSME) sub-sector to the economy and the existing huge financing gap.
Eligible activities to be financed include agricultural value chain, services, cottage industries, artisans, trade and commerce and any income generating business as may be prescribed by the CBN from time to time.
Objectives of the MSME Development Fund
The broad objective of the Fund is to channel low interest funds to the MSME sub-sector of the Nigerian economy through PFIs to:
Eligible Activities under the MSME Development Fund
In line with the provisions of the Revised Microfinance Policy, Regulatory and Supervisory Framework for Nigeria, enterprises to be funded under the Scheme include:
a) Micro Enterprises
b) Small and Medium Enterprises (SMEs)
The following are the eligible categories activities under the Fund:
Please take note; You would need the following to fully complete the registration: