FREQUENT ASKED QUESTIONS
WHAT IS SME DIGITALISATION GRANT?
SME Digitalisation Grant is a Budget 2020 initiative to encourage SMEs to adopt digitalisation in their business operations. Through this initiative, the government will provide each company with a 50% matching grant, up to RM5,000 for the subscription of approved digital services. The grant worth RM500 million over 5 years is limited to the first 100,000 SMEs.
The 5 Digitalisation services covered by the SME Digitalisation Initiative are:
Electronic Point of Sales (e-POS) System
Human Resource Payroll System (HR) / Customer Relationship Management (CRM)
Digital Marketing / Sales
Procurement
Enterprise Resource Planning (ERP) / Accounting & Tax
Remote Working
e-Commerce
WHAT ARE TECHNOLOGY SOLUTIONS PROVIDERS (TSP)?
Technology Service Providers (TSPs) are local technology companies identified to support Malaysian SMEs in their digitalisation efforts through the SME Digitalisation Grant. SMEs can only engage with approved TSPs to be eligible for the grant. AKSARA is one of the official TSPs approved by MDEC to provide Digital Marketing services.
WHY CHOOSE AKSARA AS YOUR TSP?
As one of the leading Digital Marketing agencies in Malaysia, AKSARA is committed to providing a comprehensive service to SMEs – from consultation to execution, we will guide you throughout your digitalisation journey. We will also be providing full-on assistance on your grant application.
At this trying time, when SMEs are trying to stay afloat, AKSARA has undertaken a goodwill initiative where we are committing to full-service delivery even if the grant application is rejected, subject to terms and conditions.
WHAT ARE THE CRITERIA TO BE ELIGIBLE FOR THE SME DIGITALISATION GRANT?
SMEs has to fulfil the below criteria to be eligible for the grant:
At least 60% Malaysian-owned
Available to SME and Cooperative (“Koperasi”) registered under the relevant laws of Malaysia
The SME/Cooperative has been in operation for at least 6 months
The SME/Coop has a minimum average annual sales turnover of RM50,000
WHAT ARE THE DOCUMENTS TO BE SUBMITTED FOR THE APPLICATION?
Note: Official Receipt issued by AKSARA – It only needs to be submitted to the Bank after approval of the grant application.