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SME DIGITALISATION GRANT
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Specifications
Eligible: All Malaysia SME
Registered Eligibility: Under the relevant laws of Malaysia
Ownership: At least 60% owned by Malaysian
Minimum Operation Period: 6 Months & Above
Sales Turn Over: At least RM50,000
Application per company: Once
Service Provider per Application: Up to three (3) TSP
Get Your Matching Grant up to RM 5,000 thru NEWPAGES (certified Technology Solution Provider endorsed by MDEC)
NEWPAGES is a certified Technology Solution Provider (TSP) under the Malaysian Government's Business Digitalisation Matching Grant initiative for SMEs.The 50% Matching grant of up to RM 5,000 is now available for eligible Small and Medium-Sized Enterprises. It is limited to the first 100,000 SMEs applications only. This digitalisation initiative under Malaysia Budget 2020 is to encourage SMEs to adopt and utilize digital applications in their business operations.
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The government through Ministry of Finance (MOF) is working together with Bank Simpanan Nasional, SME Bank and Malaysia Digital Economy Corporation (MDEC) in managing the grant to eligible Small & Medium Enterprises (SMEs) to adopt digitalisation in daily operations.
Malaysia’s SME Definition
let’s understand what does SME really mean in Malaysia.
Effective 1st January 2014, SME Corp has announced a new definition of SME and has been simplified under two categories, namely Manufacturing and Services & Other Sectors. Refer to the image below for details. For even more details, please visit SME Corp’s website.
You Pay Half. Government Pay The Other Half
Inquiry - SME DIGITALISATION GRANT
