We are now
partnering with MDEC

Claim up to RM5000SME Digitalization Grant when youdigitalise your business with us!

We are now
partnering with MDEC

Claim up to RM5000SME Digitalization Grant when youdigitalise your business with us!

WHAT IS SME Digitalization Grant?

The Ministry of Finance in collaboration with Malaysia Digital Economic Corporation (MDEC), SME Bank and Bank Simpanan Nasional has rolled-out a digitalisation grant to encourage SMEs embrace digitalisation in their day-to-day operations. Netmore is honoured to be one of the Technology Solution Providers (TSP) chosen to assist SMEs in their digitalisation efforts. If you are an SME looking at going digital, this is an opportunity not to be missed! The SME Digitalisation Initiative entitles eligible SME in Malaysia to a 50% matching grant up to RM5,000. This offer is limited to 100,000 SMEs, so grab this chance to shine online at a subsidised cost. To learn more, get in touch with us today and propel your business online!

Our Solutions

that are applicable to the grant

Applicant Eligibility

Required Documents

How to Apply?

Follow these steps to apply for your SME Digitalisation Grant:

FAQS

Yes. Netmore is under MDEC technical services provide. You may click the link to view the list.
https://www.netmore.com.my/my_content/uploads/2021/08/MDEC-partner-proof.pdf

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 Budget 2020 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.


Following the Pemerkasa announcement in March 2021, under Initiative #9, Cooperative (“Koperasi”) sector has been encouraged to apply for the grant to receive the similar benefits afforded to SMEs.

i. Grant
This matching grant is limited to one (1) application per Applicant only. However, applicants are allowed to apply up to three (3) digital services with one (1) or more service providers that is endorsed by MDEC (“Service Provider”).

ii. Availability
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.

iii. Fees
No fees imposed.
There are seven (7) types of digitalisation services available as follows:-

i. Electronic Point of Sale System (e-POS)

ii. Human Resource Payroll System/Customer Relationship Management

iii. (CRM)iv. Digital Marketing / Sales

v. Procurement

vi. Enterprise Resource Planning (ERP)/Accounting and Taxation.

vii. Remote Working

viii. E-Commerce
Applicant must possess the following criteria;

i. Available to SME and Cooperative (“Koperasi”) registered under the relevant laws of Malaysia

ii. The SME is at least 60% owned by Malaysian;

iii. The SME/Coop has been in operation for at least six (6) months; and

iv. The SME/Coop has minimum average annual sales turnover of RM50,000
Applications are to be attached with the following supporting documents:

i. Completed SME Digitalisation Initiative Application Form.

ii. 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.

iii. 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.

iv. Latest audited financial statements or latest financial management account statement or the SME/Coop bank statement for the latest two (2) months;

v. Quotation/invoice for the selected digitalisation services from the Service Provider listed by MDEC; and

vi. Any other information and documents as and when required by the bank.
i. The Applicant 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).

ii. The Applicant is to complete and submit the application form along with required documents to the Service Provider.

iii. The Service Provider is to submit the application form together with the supporting documents to the Bank.

iv. Once the application is approved, subject to the total invoice amount, the Applicant 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.

v. 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.
MDEC (Malaysia Digital Economy Corporation Sdn Bhd)
1-800-88-8338


BSN (Bank Simpanan Nasional)
1-300-88-1900

Claim your RM5,000

SME Digitalisation Grant Today!

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