SME DIGITALISATION MATCHING GRANT

The Malaysia government has allocated RM500 million to help the first 100,000 Malaysia SMEs to adopt and digitalise the business with 50% Matching Grant application of up to RM5,000 per company.

Eligibility

The SME is at least 60% owned by Malaysian

The SME is registered under the relevant laws of Malaysia

The SME has been operating for at least one (1) year.

Minimum sales turnover of the SME is at least RM100,000 for the 1st year of operating OR  RM50,000 for the preceding two (2) consecutive years.

How to apply

  1. Contact and appoint us as panel of Service Providers to perform any of the digitalisation services available (maximum of 3 panels).

  2. Complete and submit the application (https://bit.ly/38CutMN) form together with the required supporting documents to any of the BSN’s branches.

  3. Once the SME’s application is approved, 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 BSN’s branches.

Application Process

Step

01

ORDER FORM/QUOTATION

Chop & sign the order form / quotation, email the signed copy to us

email: sales@beanse.com as confirmation.

Step

02

INVOICING

BeanSE’s will issue invoice to you

Step

03

DOCUMENTATION

Please prepare the documents based on the checklist

Step

04

SUBMISSION

BeanSE team will assist applicant for the documentation checking & submit to BSN banker.

Step

05

APPROVAL / REJECT

Applicant will receive calls from BSN banker for the grant approval status.

Step

06

PAYMENT

Based on the approval of the grant amount, applicant shall need to pay for the balance after deduct from the grant amount. Official receipt will issue by BeanSE.

Step

07

ACCEPTANCE OF THE GRANT

Applicant need to attend to BSN office to sign the acceptance letter & submit the official receipt to BSN

Step

08

GRANT PAYMENT

Grant payment will be issue by BSN to BeanSE – Technology Service Provider (TSP)

Checklist

Required Documents
Type of Entity
Sdn Bhd Registered
Before 31 Jan 2017
Sdn Bhd Registered
After 31 Jan 2017
Partnership Sole Proprietor
SME Digitalisation Initiative Application Form (BSN)
Copy of Identity Card or Passport Director(s) Director(s) Partner(s) Proprietor(s)
Copy of business registration licenses Form 9, 24, 49, and M&A (Compulsory need to submit)
Form 13 (if any)
Section 17, 14, and 58 (Compulsory need to submit)
Section 28 and 78 (if any)
Form A / B
(Compulsory need to submit)
Form A / B
(Compulsory need to submit)
Latest audited account with official company stamp and signature on every relevant page, inclusive of page 1 and all pages of the statement of changes in equity, statement of cash flow, and notes to financial statements.
Latest 2 months management account (P&L and Balance Sheet) with official company stamp and signature
Company’s bank statement for the last two (2) months
Company’s profile (optional)
Invoice/Billing and Service agreement (Service Order Form) from authorized vendor listed by MDEC (Both documents need client’s official company stamp and signature)
Any other information and documents as and when required by the bank

Now’s your chance to get your business digitalised!

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

AN INITIATIVE

LEAD

PARTNERS

TOP