NIGERIA COVID-19 ACTION RECOVERY AND ECONOMIC STIMULUS (NG-CARES) RESULT AREA 3 (DLI 3.2) MSMEs, OYO STATE.
OPERATIONAL GRANT SUPPORT ELIGIBILITY CRITERIA GUIDELINES
Informal SMEs:
- Registration with State Government, Trade and Artisans or SMEDAN,
- Age of Business should be Minimum of 3 Years.
- Micro – 3-9 employees
- Evidence Tax payment where applicable.
- The Grant is expected to cover the below Expenditure
- All Expenditure Documents should be on or before June 2020.
| Document | Evidence Required
|
| Rent | Rent Lease Agreement.
|
| Payment Receipts of rent.
|
|
| Evidence Required | |
| Utility Bills | Payment of Electricity Receipts.
|
| Water/Waste payments Receipts.
|
|
| Evidence Required | |
| Stationeries | Payment Receipts of goods. |
| Petrol/Diesel payment Receipts.
|
Formal SMEs:
- Registration with CAC
- Age of Business should be Minimum of 2 Years.
- Small 10-50 employees
- Tax Identification Number (TIN) where applicable
- The Grant is expected to cover the below Expenditure
- All Expenditure Documents should be on or before June 2020
| Document | Evidence Required
|
| Rent | Rent Lease Agreement.
|
| Payment Receipts of rent.
|
|
| Evidence Required | |
| Utility Bills | Payment of Electricity Receipts.
|
| Water/Waste payments Receipts.
|
|
| Evidence Required | |
| Stationeries | Payment Receipts of goods. |
| Petrol/Diesel payment Receipts.
|
|
| Evidence Required | |
| Payroll | Official Payroll Mandate. |
| Bank statement. |