What is the SME Digitalisation Grant Scheme?

  • SME (Small and Medium Enterprise) Digitalisation Initiative is a new grant initiative to assist SMEs to adopt digitalisation in their business operations.
  • A 50% matching grant of up to RM5,000.00 per SME will be provided over a period of 5 years for the subscription of digital services that will enhance their productivity and competitiveness.
  • The grant details are as follows:
    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 is 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.
  • There are seven (7) areas of Digitalisation services available as follows:
    1. Electronic Point of Sale System (e-POS)
    2. Human Resource Payroll System / Customer Relationship Management (CRM)
    3. Digital Marketing / Sales
    4. Procurement
    5. Enterprise Resource Planning (ERP) / Accounting and Taxation
    6. E-commerce
    7. Remote Working

Who is eligible for the SME Digitalisation Grant Scheme?

SMEs that fulfil the following criteria below are eligible and encouraged to apply:-

  • The SME must be at least 60% owned by Malaysian;
  • The SME must be registered under the relevant laws of Malaysia and classified as SME;
  • The SME have been in operation for at least one (1) year;
    1. For the SMEs which has 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
    2. For the SMEs which has 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.

How do I apply for the SME Digitalisation Grant Scheme?

  • 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 digital services).
  • The SME must complete and submit the application form along with required documents to the Service Provider.
  • The Service Provider is to submit the application form together with the supporting documents to the Bank.
  • Once the SME’s application is approved, subject to the total invoice amount, the SME is responsible to pay the difference of the total invoice after deducting the subsidised amount granted from the Initiative for each digitalisation service to the Service Provider.
  • The Bank will then 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.
  • For a detailed application information, visit HERE.