Application Instructions and Benefits

Evolve your business to the digital forefront

SME DIGITALISATION INITIATIVE

Grant amounting up to 50% or a maximum of RM 5,000 from total invoice amount

Great deals on digital solutions from a wide list of panels listed by MDEC

Wide range of digitalisation areas:

  • Electronic Point of Sale System (e-POS)
  • Human Resource Payroll System (HR) / Customer Relationship Management (CRM)
  • Digital Marketing / Sales
  • Procurement
  • Enterprise Resource Planning (ERP) / Accounting & Taxation
  • Remote Working
  • e-Commerce

Now’s your chance to get your business digitalized! In conjunction with Budget 2020, The Ministry of Finance (MOF) is now giving grants to Small & Medium Enterprises (SME) to adopt digitalisation in daily operations.

APPLICANT ELIGIBILITY

  • Available to SME and Cooperative (“Koperasi”) registered under the relevant laws of Malaysia;
  • The SME is at least 60% owned by Malaysian;
  • The SME/Coop has been in operation for at least six (6) months; and
  • The SME/Coop has minimum average annual sales turnover of RM50,000.

REQUIRED DOCUMENTS

  • Completed SME Digitalisation Initiative Application Form.
  • A copy of the Identification Card or Passport of Director (s) / Partner (s) / Proprietor(s) of the SME / applicant appointed by the Coop , whichever is applicable.
  • A copy of the SME’s business registration licenses (CCM or any similar forms under the Companies Act 2016). For Coop, a copy of SKM registration certificate.
  • Latest audited financial statements or latest financial management account statement or the bank statement for the latest two (2) months;
  • Quotation/invoice for the selected digitalisation services from the Service Provider listed by MDEC; and
  • Any other information and documents as and when required by the bank.

APPLICANT ELIGIBILITY

  • The Applicant must contact and appoint one or more services of Service Providers listed by MDEC to perform any of the digitalisation services available (maximum of 3 digital services).
  • The Applicant must complete and submit the application form together with the required supporting documents to the Service Provider.
  • The Service Provider is to submit the application form together with the supporting document to the Bank.
  • Once the application is approved, the applicant is responsible to pay the 50% from the total invoice or more which Bank will only make payment 50% or up to RM5,000.00 to the Service Provider.

Contact us for hassle free application