APPLICATION FOR SME DIGITALISATION GRANT
Quick Introduction
SME Digitalisation Grant grant was announced by the Ministry of Finance under the 2020 Budget to support SMEs to adopt digitalisation measures for their operations.
7 Digitalisation Areas
1. Digital Marketing / Sales
2. Electronic point of sales (e-POS) system
3. HR payroll system / CRM
4. Procurement
5. ERP / Accounting & Tax
6. E commerce
7. Remote Working
WHO IS ELIGIBLE FOR THE GRANT?
SMEs can apply for the SME Digitalisation Grant if they meet the following criteria :
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 at least 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).
Company have to refer to the application guidelines before submitting the filled form.
REQUIRED DOCUMENTS
Completed SME Digitalisation Grant 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.
Go Digital with Accounting Superhero today on Xero.
HOW TO APPLY ?
Step One : Contact and appoint Accounting Superhero to perform any of the digitalisation services available (maximum of 3 panels).
Step Two: The SME must complete and submit the application form together with the required supporting documents to any of the bank's branches.
Step Three : Once the SME's application is approved, the SME is responsible to pay the difference of the total invoice after deducting the subsidized amount granted from the Initiative and to provide proof of payment to any of the bank's branches.
Step Four : After proof of payment is provided, subject to the total invoice amount, the bank will make a direct 50% payment of the total invoice amount or up to RM 5,000.00 to the Service Provider in one lump sum payment or in stages based on the bank's discretion.
*Note:
1) Only the SME is authorized to complete and submit the application form with the relevant supporting documents to any of the Banks’ branches or via company official email. Appointment of any third party for collection and submission of application forms to the Bank is not allowed.
2) Accounting Superhero (through its brand owner MFP Cloud Sdn. Bhd. (1215762-H), is an approved Technology Solutions Provider (TSP) appointed by Malaysia Digital Economy Corporation (MDEC) offering various Xero Accounting setup and implementation packages.
