The Malaysian Government wants more small and medium-sized businesses (SMEs) to use technology. They started a program in the 2023 Budget to help. They’ll give SMEs up to RM5,000 (Malaysian Ringgit) if they spend on digital services. This is called a matching grant, and they’ll cover 50% of the cost. The government set aside RM500 million for this over five years. The catch is, it’s only for the first 100,000 SMEs who join. They launched this program 2023, to encourage local businesses to get into tech.
No, MSMEs or cooperatives are ineligible for the MSME Digital Grant MADANI if they have previously been awarded a Digitalization Matching Grant.
Each eligible MSME or cooperative can get a grant of up to RM 5,000 or 50% of the invoiced amount to implement digitalization.
The application process duration can take up to 3 working days. After you submit your application, it will be reviewed for approval. You will be notified via email about the status of your application.
You must provide a completed online application form, a copy of the owner’s, director’s or partner’s NRIC, a business registration licence or SSM business profile, as well as your most recent management accounts or bank statements from the last two months.
If your application is approved, you will be notified via email. You are then required to pay the remaining invoice amount (after deducting the subsidy) within 14 days. Upon successful payment, your Digitalisation Partner will commence delivering the service.
You will receive an email with a unique payment link. You are required to make the payment via the payment link.
If you fail to make the payment within the specified period, your grant approval will be automatically cancelled and you would have to reapply for the grant.
You will be notified via email about the progress of your application status.
Yes, you can apply for up to three types of digital services under the MSME Digital Grant MADANI.