SME Matching Grant

Mdec

In Budget 2020, the Ministry of Finance (MOF) and Malaysian Digital Economy Corporation (MDEC), awarding grants for local Small-to-Medium enterprises/businesses (SME/SMB) to adopt digitalisation (best practice, efficient technology) into their business.

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.

Leverage on this matching grant to scale your business software and maximize efficiencies. You can now own a set of high-quality and stable software from us at an affordable cost! For more details, contact us at 012- 3083362.

SMEs Eligibility for Matching Grant

  1. The company is at least 60% owned by Malaysian.
  2. The company registered under the relevant laws of Malaysia
  3. The SME has been in operation for at least one (1) year
  4. Company operation in one (1) year, company required to have a minimum annual sales turnover of RM 100,000
  5. Company operation > two(2) years, company required to have a minimum annual sales turnover of RM 50,000 (preceding two (2) consecutive years).

Link to Grant Application Detail:

BSN
Bank Simpanan Nasional

https://www.bsn.com.my/page/sme-digitalisation-initiative