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Get a 50% grant & save up to RM5000

About the grant

The Malaysian government will provide a 50% matching grant of up to RM5,000 per company for procurement services subscriptions with the partnership of MDEC, BSN and SME Bank.

This grant will be worth up to RM500 million over 5 years, and is limited to the first 100,000 applications.

SME Grant Eligibility

The company is at least 60% Malaysian owned‍

‍The company is registered under the relevant laws of Malaysia

‍The company has been in operation for at least one (1) year

‍Company which has been in operation for one (1) year, the company isrequired to have a minimum annual sales turnover of RM100,000.00 for the first year

‍Company which have been in operation for two (2) years or more, the company is required to have a minimum annual sales turnover of RM50,000.00 for the preceding two (2) consecutive year.

Application Workflow

1. SME sign up with Technology Service Provider (TSP) for digitalization services.

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2. SME to complete and submit application form along with request documents to BSN

Submit BSN Application

3. BSN process application
(TAT 15 working days)

4. SME Performs 50% payment to the TSP and provide payment receipt to BSN
(TAT 5 working days)

5. BSN disburse remaining amount to TSP

Documents to Prepare

Copy of identification card or passport of director (s)/ partner(s) / Proprietor (s) whichever is applicable.

Complete application form & declaration form.

Copy of business registration licenses (CCM, Form A/B, Form 24 & 49 and M&A or any similar forms under the company act 2016).

Audited financial statement for the last financial year and the latest management account or evidences of sales turnover (if any).

Company bank statement for the last two (s) month.

Invoice / Billing and services agreement from authorized TSP list by MDEC

Company’s profile (If any)

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