SME Digitalisation Grant

Planning on digitalising your business?
Claim your 50% or up to RM5,000 SME Digitalisation Grant!

Supported by:

Partner:

Now is your best chance to scale your business software and maximize efficiencies.

WHAT WE CAN DO

We offer a wide range of high-quality and stable software such as Autocount & Sage UBS from IT Simple at an affordable cost!

TRANSFORM YOUR BUSINESS TODAY

Get your Matching Grant up to RM 5,000 with SME Digitalisation Initiative

Interested?
Check Your Eligibility

  • The company is at least 60% owned by Malaysian
  • The company registered in Malaysia and classified as SME
  • The SME  must be operating for at least 1 year
  • Company operating up to 2 years must have a minimum annual sales turnover of RM100,000
  • Company operating more than 2 years must have a minimum annual sales turnover of RM50,000 for the last 2 years

Required Documents

How to Apply?

Step 1

SME to contact and appoint TSP for digitalisation service.
 

Step 2

SME to complete and submit application form to BSN or SME Bank along with required documents.
 

Step 3

Bank processes application. (TAT 15 Working Days)
 

Step 4

SME performs payment to the TSP and provide payment receipt to BSN or SME Bank

Step 5

BSN disburses remaining amount to TSP(s)
*Upon approval of application

How to start if I am interested?

Fill up the form, and our customer service will assist you

Frequently and Question

SME Digitalisation Initiative is a new grant initiative provided by the Ministry of Finance Malaysia to assist Small and Medium Enterprises (“SME”) to adopt Digitalisation in their business operations.

As announced in Malaysia’s 2020 Budget presentation, the Government will provide a 50% matching grant of up to RM5,000.00 per company over a period of 5 years for the subscription of digital services that will enhance their productivity and competitiveness.
  1. Grant
    This matching grant is limited to one (1) application per SME only, however, SMEs are allowed to apply up to three (3) digital services with one (1) or more service providers that are endorsed by MDEC (“Service Provider”).

  2. Availability
    This grant facility is provided by the Government for a period of five (5) years beginning from 17th February 2020 or upon reaching 100,000 applications, whichever comes first

     
  3. Fees
    No fees imposed.
Who is eligible to apply for SME Digitalisation initiative?
  1. The company must be at least 60% owned by Malaysian;
  2. The company must be registered under the relevant laws of Malaysia and classified as SME; 
  3. For SMEs which have been in operation for one (1) year, the SME is required to have an annual minimum sales turnover of RM100,000.00 for the first year; and 
  4. For SMEs which have been in operation for two (2) years or more, the SME is required to have a minimum sales turnover of RM50,000.00 for the preceding two (2) consecutive years.
Applications are to be attached with the following supporting documents:
  1. Copy of Identity Card or Passport of Director (s) / Partner (s) / Proprietor(s), whichever is applicable.
  2. Copy of business registration licenses (CCM, Form A/B, Form 24 & 49 and M&A or any similar forms under the Companies Act 2016).
  3. Audited financial statement for the last financial year and the latest management account. (if any) or evidence of sales turnover (if any).
  4. Company’s bank statement for the last two (2) months.
  5. Company’s profile (if any).
  6. Invoice/billing and service agreement from authorized vendor listed by MDEC.
How to apply for SME Digitalisation Initiative?
  1. The SME must contact and appoint one or more panel of Service Providers listed by MDEC to perform any of the Digitalisation services available (maximum of 3 services).
  2. The SME is to submit the application form with all the supporting documents required to the nearest BSN branch.
  3. Once the SME’s application is approved, subject to the total invoice amount, the Bank will make a direct 50% payment of the total invoice amount or up to RM5,000.00 to the Service Provider in one lump sum payment or in stages based on the Bank’s discretion.
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