This is your chance to digitize your business! In line with the Madani Budget 2023, the Malaysian Ministry of Finance (MOF) is now offering digital grants to Micro, Small & Medium Enterprise (MSME) to digitize your business operations!
MSME Digital Grant MADANI
MICRO, SMALL AND MEDIUM ENTERPRISE DIGITAL GRANT (MSME) MADANI
Evolve your business to the digital forefront
Benefits
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Wide range of digitalisation areas:
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APPLICANT ELIGIBILITY
- Available to MSME and Cooperative (“Koperasi”) registered under the relevant laws of Malaysia;
- The MSME is at least 60% owned by Malaysian;
- The MSME/Coop has been in operation for at least six (6) months; and
- The MSME/Coop has minimum average annual sales turnover of RM50,000.00.
REQUIRED DOCUMENTS
- Completed MSME Madani Digital Grant application form;
- A copy of the Identification Card or Passport of Director (s) / Partner (s) / Proprietor(s) of the MSME / applicant appointed by the Coop , whichever is applicable.
- A copy of MSME registration license (CCM or any similar forms under the Companies Act 2016). For Coop, a copy of SKM registration certificate;
- Latest audited account statement or latest financial management account statement or MSME/Coop bank statement for the latest two (2) months;
- Quotation/Invoice for the selected digitalisation services from the Service Providers listed by MDEC; and
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- Any other information and documents as and when required by the bank
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APPLICATION STEPS
- 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 MSME application 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.
Sorry, this form is not open to new submissions.
We have reached the allocated amount for the MSME Digital Grant MADANI this year, and as a result, we have regrettably stopped accepting new applications at this time. If you have already submitted an application, our team will be reviewing them shortly, and you will be notified of the outcomes in due course.
