~Updated on 27th October 2022~
Due to an overwhelming response, MDEC announced that the SME Business Digitalisation Grant Initiative has reached its maximum allocation. Hence, this initiative is discontinued immediately effect.
In collaboration with the Malaysian Digital Economic Corporation (MDEC), SME Bank, and Bank Simpanan Nasional, the Ministry of Finance has launched a digitalisation grant to encourage SMEs to incorporate digital technologies into their daily operations. If you are an SME considering going digital, this is a must-see opportunity! The Malaysian SME Digitalisation Initiative provides eligible SMEs with a 50% matching grant of RM5,000.
The SME (Small and Medium-Sized Enterprise) Digitalisation Initiative is a new grant programme designed to assist SMEs in adopting digital technologies. A 50% matching grant of up to RM5,000.00 will be given to each SME over five years to digital subscription services to improve their efficiency and competitiveness.
There are seven (7) areas of Digitalisation services available as follows:
In case you’re wondering, yes! Softinn is honoured to have been selected as a Technology Solution Provider (TSP) to aid SMEs with their digital transformation efforts. Interested? Click here for more details!
SMEs that meet the following criteria are eligible and encouraged to apply:-
Every year, there will be slight amendments to the process of SME Grant application. Here are the simplified process of SME Grant application for eligible Softinn’s merchants for 2022 😉
Step 1. The hotel submits an application to Softinn here.
Step 2. The hotel will download the SME Grant Application form here.
Step 3. Softinn will provide Invoices and Service Agreements to SME
*Optional :
SME sends the documents to Softinn for checking purposes
Step 4. Softinn provides BSN Main branch details to Hotels
Step 5. Fill up the application form along with the required documents.
Step 6. The hotel pays Softinn 50% or whichever the amount after deducting the grant (The maximum grant amount is RM5,000) and submits the proof of payment to Softinn in order for Softinn to provide the Official Receipt
Step 7. Once all documents are ready, the hotel scans all the documents as a softcopy (in case hardcopy went missing)
Step 8. The hotel writes “Geran Digital Bahagian Micro Business” with the BSN Officer's name on the top left corner of the envelope
Step 9. All applications must be submitted via COURIER (using Poslaju) / walk-in to BSN Main Branch
Step 10. Take a picture of the Poslaju courier slip with tracking no. & share with Softinn (if via Courier)
Step 11. Hotels keep track of Poslaju tracking history (if via Courier)
Step 12. Hotels inform Softinn once the documents have been delivered & received by BSN
(if via Courier)
Step 13. The hotel shall follow up with the bank and update Softinn on the progress of the Grant within the 6 weeks from the date of grant submission.
Step 14. Setup Softinn trial account while waiting for bank approval (14 working days)
Step 15. 6 weeks from the date of grant submission OR date of account activation, whichever is earlier, if Softinn receives no news from the Hotel on the grant status (either no progress, still in progress, or rejected), Hotel shall pay Softinn the remaining amount while waiting for the grant’s approval.
Step 16. Should the grant is approved and disbursed by the bank to Softinn later, Softinn shall refund the subsidized amount to the Hotel accordingly.
Now that you are familiar with the overall process, below are several important notes for you to take! Remember, these are all vital. Failure to comply with these can/may result in your application being rejected.
If you have any more questions, you can go to our SME Digitalisation Grant Application Guide page for more details.
BSN Main Branch List
For your convenience, here is the official 2022 BSN Main Branch List. Simply download here: Download