MSME Digital Grant Madani 2024
ABOUT MSME Digital Grant Madani
The Malaysian government has launched the MSMS Digital Grant Madani initiative to help MSMEs (micro, small, and medium enterprises) improve digitalization applications in their daily business operations by allocating RM100 million under the Madani Budget 2023. The grant will provide a matching grant of 50% or up to RM5,000 for eligible businesses. The program is part of the government’s efforts to reform the digital economy and increase the exposure of MSMEs to the digital era. Bank Simpanan Nasional (BSN) partners with Malaysia Digital Economy Corporation (MDEC) dan Malaysian Communications and Multimedia Commission (MCMC) in advancing this commitment, further championing the vital role played by these economic pillars.
MSME Digital Grant MADANI Eligibility & Required Documents
Are You Eligible?
- Malaysian-Owned: MSMEs/Cooperatives must be at least 60% owned by Malaysian citizens.
- Registration Requirements: Must be registered with the Companies Commission of Malaysia (SSM)/Local Authorities (PBT) or Malaysia Co-operative Societies Commission (SKM).
- Operating Duration: The business should be opera􀆟ng for at least six months.
- Annual Turnover: Must have an annual turnover of an average of at least RM50,000.
- Previous Grants: MSMEs/Cooperatives must not have received previous Digitalization Matching Grants.
What are the required documents?
- Identification: Copy of identity card or passport of director(s)/partner(s)/proprietor(s), whichever is applicable.
- Business License: Business registration documents/SSM business profile/SKM registration docs.
- Financial Documents: Latest audited accounts, management accounts, or latest two-month bank statements.
- Invoice: Invoice/quotation issued by Digitalization Partners.
How To Apply?
Contact us for assistance and enquiries.
