Close
 

Contact Us

Malaysia Government Matching Grant for SME Businesses

50% matching grant up to RM400,000

The Government will provide a 50% matching grant of up to RM400,000 per company.​

How to apply?

Fill up the form on the right side and get in touch with us right away!

Why should I sign up?

For qualified SMEs, you are basically getting FREE money from the government to help you to kickstart your business innovation!

SME Business Grant


What is SME Business Grant?

In conjunction with Budget 2020, The Ministry of Finance (MOF) is now providing grants to Small & Medium Enterprises (SME) to adopt Digitalisation in daily operations.


The 50% Matching grant of up to RM400,000 is now available for eligible Small and Medium-Sized Enterprises. SMEs that subscribe to services in the following areas are entitled to the rebate:

  • Customer Relationship Management (CRM)
  • Front-end and Back-end System
  • E-Commerce
  • Advertising & Promotion
  • Product Packaging
  • Warehousing Systems

Frequently Asked Questions

+ What is SME grant?

  1. SME business grant was announced by SMECorp is to support SMEs to adopt innovation to improve the businesses.
  2. The Government will provide a 50% matching grant of up to RM400,000 per company.

+ Who is eligible for this grant?

  1. The SME is at least 60% owned by Malaysian individual.
  2. The SME is registered under the relevant laws of Malaysia and classified as SME.
  3. The SME has been in operation for at least one (1) year.
  4. SME is required to have a minimum annual sales turnover of RM300,000 per year.

+ What are the grant details for SME Digitalisation Initiative?

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

+ How to apply?

  1. Select one of our SME digital solutions, then reach out to us to let us know you are interested in the SME grant.
  2. Download the form and and fill up the required details. Then attach the required documents along with your form.

+ What documents to prepare?

  1. Completed SME digitalisation initiative application.
  2. Copy of identity card or passport of director (s) / partner (s) / proprietor(s), whichever is applicable.
  3. Copy of business registration licenses (CCM, Form A/B, Form 24 & 49 and M&A or any similar forms under the Companies Act 2016).
  4. Audited financial statement for the last financial year and the latest management (if any) or evidences of sales turnover (if any).
  5. Company’s bank statement for the last two (2) months.
  6. Company’s profile (if any).
  7. Any other information and documents as and when required by the bank.

+ Is my personal data safe?

Eligible SME members have the right at any time to:

a) Inquire about the use of Personal Data by contacting the Bank
b) Withdraw the permission given to use Personal Data;
c) Request any amendments/updates be made to the Personal Data