NBSSI Relief Fund Eligibility Criteria – Resilience and Recovery Programme For SMEs

Here is the NBSSI Relief Fund – Resilience and Recovery Programme Eligibility Criteria For Micro, Small and Medium Enterprises (MSMEs).

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Eligibility Criteria

Applicant’s Requirements:

• Proof of business operations
• Description of Business (i.e type personnel, customer, suppliers etc.)
• Financial details (i.e Sales, cash flow statement, profit & loss extract)
• Detail of product and services
• Demonstrate that COVID-19 had had negative impact on your business
• Micro, Small and Medium Enterprises (MSMEs) with activities drastically slowed by the COVID-19 pandemic in many ways including: Production and supply chain disruptions, shortages and delays, Reduced consumer demand for products and services, Reduced capital and investment flows, Labor shortages due to social distancing regulations
• MSMEs providing services in demand during the pandemic and that have capability to grow and positively impact communities affected by the pandemic
• Enterprise must be either a micro, small OR MEDIUM enterprise.
• Informal enterprises
• Female-owned businesses are encouraged to apply
• Youth-owned or youth-led businesses (age 18-35) are encouraged to apply
• Enterprise must be willing and committed to continue maintaining the operation of their business via the accessing of a loan (either with or without the grant) and are unable to avail the required loan collateral

Priority Sectors

1. Agri and Agro-Businesses
2. Food and Beverages
3. Water and Sanitation
4. Services
5. Technology
6. Manufacturing
7. Garments and PPE
8. Commerce and Trade
9. Logistics
10. Tourism and Hospitality
11. Healthcare and
12. Pharmaceuticals
13. Education

Exclusions/Limitations

• There should be no undue private benefit
• There should be no funding of partisan political activities
• Businesses cannot be those that do not meet basic social, environmental and governance compliance criteria
• Alcohol, Tobacco & Drug-related businesses, Weapons Manufacture & War-related Activities, Gambling/betting, Sex-related industries
• Ownership by state or parastatal actors; for manufacturing, EPA-regulation compliance