Small & Medium Enterprises (SMEs), it’s time to adopt digitalisation in daily operations. Start your digital journey and increase your business growth by taking advantage of the SME Digitalisation Grant. Government will provide up to 50% or RM 5000 matching grant per company for any business solution provided by TSP.
Neelian is a certified Technology Solution Provider (TSP) appointed by Malaysia Digital Economy Corporation (MDEC). With six (6) digital solutions, we have a plan for every business to help you maintain the momentum despites these challenging times.
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SMEs Eligibility
- The company is at least 60% owned by Malaysian.
- The company registered under the relevant laws of Malaysia
- The SME has been in operation for atleast one (1) year
- Company operation in one (1) year, company required to have a minimum annual sales turnover of RM 100,000
- Company operation > two(2) years, company required to have a minimum annual sales turnover of RM 50,000 (preceding two (2) consecutive years).
Frequently Asked Questions
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.
SMEs will apply for the grant.
- Completed SME Digitalisation Initiative Application Form.
- Copy of Identity Card or Passport of Director (s) / Partner (s) / Proprietor(s), whichever is applicable.
- Copy of business registration licenses (CCM, Form A/B, Form 24 & 49 and M&A or any similar forms under the Companies Act 2016).
- Audited financial statement for the last financial year and the latest management account. (if any) or evidences of sales turnover (if any).
- Company’s bank statement for the last two (2) months.
- Company’s profile (if any).
- Invoice/billing and service agreement from authorized vendor listed by MDEC.
- Any other information and documents as and when required by the bank.
- 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”).
- 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.
- No fees imposed.
There are six (6) types of digitalisation services available as follows:-
- Electronic Point of Sale System (e-POS)
- Human Resource Payroll System/Customer Relationship Management (CRM)
- Digital Marketing / Sales
- Procurement
- Enterprise Resource Planning (ERP)/Accounting and Taxation.
- Ecommerce/Website
- 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 is to 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.