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SME Digitalisation Grant
SME DIGITALISATION GRANT
mecaca sme digitalisation grant (1)

What is SME Digitalisation Grant Malaysia Initiative?

MDEC SME Digitalisation Grant Malaysia Initiative is a new matching 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 SME over a period of 5 years for the subscription of digital services that will enhance their productivity and competitiveness. Sign up now before the grant runs out and propel your business to the forefront of the online business now!

Get your matching grant up to RM5,000 with us.

sme digitalisation initiative lead bsn partners mdec
mecaca sme digitalisation grant

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.

Application Workflow

  • SME contacts and appoints MECACA as MDEC certified Technology Solution Provider (TSP).
  • SME completes and submits the application form along with the required documents by sending it to the Main Branch of BSN of the state or courier the full set of document to Main Branch of BSN in each State.
  • SME to notify MECACA (marketing@mecaca.com) once the application to BSN has been submitted so that MECACA can help to follow up on the application process.
  • Once the application is approved, the applicant is responsible to pay 50% of the total invoice or more which Bank will only make payment of 50% or up to RM5,000.00 to MECACA.
  • The government provides a 50% Matching Grant based on the amount of your invoice issued by MECACA or a maximum up to RM5,000 per qualified company.

Start Digitalise Your Business with Us