This is your chance to digitize your business in line with the Madani Budget 2023, the Malaysian Ministry of Finance (MOF) is now offering digital grants to Micro, Small & Medium Enterprise (MSME) to digitize your business operations.

APPLICANT ELIGIBILITY

• Available to MSME and Co-operative (Koperasi Registered under the relevant laws of Malaysia,
• The MSME is at least 60% owned by Malaysian,
• The MSME / Co-op have been in operation for at least Six (6) months, and
• The MSME / Co-op has minimum average annual Sales turnover of RM50,000.00.

APPLICATION STEPS

• The Applicant must contact and appoint one or more services of Service Providers listed by MDEC to perform any of the digitalization services available maximum of 3 digital services).
• The Applicant must complete and submit the application form together with the required supporting documents to the Service Provider.
• The Service Provider is to submit the MSME application together with the supporting documents to the bank.
• Once the application is approved, the applicant is responsible to pay the 50% from the total invoice or more which will only make payment 50% or upto RM5,000.00 to the Service Provider.

REQUIRED DOCUMENTS

Completed MSME Madani digital application form
1. A copy of the Identification Card or Passport of Director(s) Partner(s) / Proprietor(s) of the MSME / applicant appointed by the Co-op, whichever is applicable.
2. A copy of MSME registration license (CCM) or any similar forms under the Companies Act 2016) For Co-op, a copy of SKM registration certificate.
3. Latest audited account statement or latest financial management account statement or MSME / Co-op bank statement for the latest two (2) months.
4. Quotation / Invoice for the digitalization services from the Service Providers listed by MDEC, and
Any other information and documents as and when required by the bank.