Facebook Brings Grants Programme For Small Businesses In India : FAQs

Approx. 30,000 eligible small businesses across 30+ countries will be able to receive a grant from Facebook

COVID-19 pandemic has affected businesses worldwide and during this touch time, one of the largest social platforms ‘Facebook’ is offering a helping hand, providing little financial support i.e. USD 100M in cash grants and ad credits to Small and Medium Enterprises sector (SMEs).

Who Is Eligible?

Approx. 30,000 eligible small businesses across 30+ countries will be able to receive a grant from Facebook.

Is Your Business Eligible?

To be eligible to apply:

Your business must have between 2 to 50 employees
Your business must have been in business for over a year
Your business must have experienced challenges because of COVID-19 Pandemic
Your business must be a for-profit company
Your business must be in or near an area where ‘Facebook’ operates

* To check the area eligibility/ your business location, click here – https://bit.ly/3i31Jk2

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Documents Required?

Your business must have a GST registration certificate
Your business must have a Business PAN

Please note:- Facebook can ask for more details if required.

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Applications For Small Businesses In India:- Important Things To Know

Applications are now open in India
Small businesses not required to have a Facebook presence in order to apply (are also eligible for the grant)
SME’s in India can submit their application latest by 28^th of September’20 (date extended from 21^st September’20)
Business chosen for the grant will receive 63,000 INR cash and 38,000 INR in optional Facebook advertisement credits
SMEs can apply for grants for only one business.
People owning multiple small businesses need to choose only one as Facebook will consider duplicate or multiple applications.
The SME owners have to provide a mobile number that is linked to their Aadhaar card.

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How will it help SMEs in India?

To pay the rent
To retain staff
To help in operational costs
To keep your workforce going
To help in connecting with more customers
To support your community

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The company has partnered with Goodera for this. To recall, Facebook has also announced a $100 Million global grant for small and medium businesses in March.

Let us know if you have any questions to ask on meetbnd@gmail.com.

The views and opinions expressed in this blog are those of the authors. It is the reader’s responsibility to verify the information.