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SME Digitalisation Grant

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The Malaysian government is providing a RM5,000 Business Digitalisation Grant for SMEs in the country.

In conjunction with Budget 2020, the government through the Ministry of Finance (MOF) with Bank Simpanan Nasional, SME Bank and Malaysia Digital Economy Corporation (MDEC) is offering grants to eligible Small & Medium Enterprises (SME) to adopt digitalisation in daily operations.

MPay has been recogised as a Technology Service Provider by MDEC for this programme. Covering four big categories, we have more than 10 types of solutions with a plan for every business type.

Eligibility

The SME is at least 60% owned by Malaysians.

The SME is registered under the relevant laws of Malaysia.

The SME has been in operation for at least one (1) year.

For SMEs operating at least one (1) year: minimum annual sales turnover of RM100,000 is required.

For SMEs operating for two (2) years or more: minimum annual sales turnover of RM50,000 in two (2) consecutive years.

Documents Required 
  • Completed SME Digitalisation Initiative Application Form.
  • A copy of the Identification Card or Passport of Director (s) / Partner (s) / Proprietor(s) of the SME, whichever is applicable;
  • A copy of the SME’s business registration licenses (SSM or any similar forms under the Companies Act 2016);
  • Latest SME’s bank statement (CTC by respective banks) for the last two (2) months & latest audited financial statement (CTC by company secretary) OR latest financial management account (CTC by company secretary);
  • Quotation/invoice for the selected digitalization services from the Service Provider listed by MDEC; and
  • Any other information and documents as and when required by the Bank.

Apply Easily

Get started in 6 steps.

01
Company to contact and appoint TSP for digitalisation service.
02
Company to complete and submit application form with required supporting documents.
03
Bank processes application.

(Turn Around Time: 15 Working Days)

04
Company performs payment to TSP and provide payment receipt to BSN or SME Bank.

(Turn Around Time: 5 Working Days).

05
BSN disburses remaining amount to MPay.
06
Solutions up and running.

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