MSME Digital Grant Madani 2024
Get 50% or up to RM5,000 MSME grant
- On Prem Accounting
- On Prem POS
- Cloud Payroll
- Cloud Accounting
- OneSales POS (Cloud Based)
- OneSales Marketplace Solution
Important Announcement : MSME Digital Grant Madani is Ended!
The MSME Digital Grant MADANI has exhausted its allocated funds for this year and is no longer accepting new applications.
What is MSME?
Micro, Small, and Medium Enterprises (MSMEs) are businesses that fall within specific size and revenue categories. In Malaysia, as of Budget 2023, these categories have been redefined to adapt to the country's economic context.
In the context you provided, SMEs (Small and Medium-sized Enterprises) are businesses that play a significant role in the Malaysian economy, contributing around 38% or more than RM500 billion to the country's Gross Domestic Product (GDP). These enterprises come in various sizes and operate across different industries, and they are considered the backbone of Malaysia's economic growth and development. The specific criteria for what constitutes a micro, small, or medium-sized enterprise can vary by country and government regulations. These criteria often take into account factors like the number of employees, annual revenue, and other business-related metrics.
Get 50% or up to RM5,000 MSME grant with AutoCount
*Limited quota only
Applicant Eligibility
- The company is at least 60% owned by Malaysian.
- The company registered under SSM/PBT.
- Company that has operated at least six(6) months.
- Not eligible for those who received Digitalisation Matching Grant before.
- Company that has a minimum annual sales turnover of RM50,000.
Required Document
- Complete application form.
- Invoice/quotation from authorized Digitalisation Partner like AutoCount.
- Company’s bank statement for the last two (2) months OR audited financial report OR latest account statement.
- Copy of Identity Card or Passport of Director (s) / Partner (s) / Proprietor(s) whichever is applicable.
- Copy of business registration licenses (SSM or other relevant forms) under the Companies Act 2016.
Claim Your Grant Here!
How the Application Workflow works ? click here
Eligible Products
Who qualifies for the 50% MSME Digitalization Grant?
At least RM50,000 of annual turnover
At least 6 Months of operation duration
At least 60% Owned by Malaysian citizens
Must Not Received previous Digitalization Matching Grants
Must be registered with SSM or PBT or SKM SSM - Companies Commission of Malaysia PBT - Local Authorities SKM - Malaysia Co-operative Societies Commission
Application Workflow
MSMEs submit Application Online & Eligibility Check (KYC)
MSMEs Make payment to digitalization partners (DPs)
DPs deliver service & submit claims
BSN disburses grant to dp
Frequently Asked Questions
No, MSMEs or coorperatives are ineligible for the MSME Digital Grant MADANI if they have previously been awarded a Digitalization Matching Grant.
Each eligible MSME or coorperative can get a grant of up to RM 5,000 or 50% of the invoiced amount to implement digitalization.
The application process duration can take up to 3 working days. After you submit your application, it will be reviewed for approval. You will be notified via email about the status of your application.
you must provide a completed online application form, a copy of the owner’s director’s or partner’s NRIC, a business registration licence or SSM business profile, as well as your most recent management accounts or bank statements from the last two months.
The government is providing digitalization grants to MSMEs with a keen eye on the impending e-invoicing landscape in Malaysia. E-Invoicing is about securing digital approval from LHDN for each business transaction. Without this vital digital endorsement, businesses cannot clain tax deductions on their purchases and expenses. In essence, the government is promoting digital grant initiatives to assist MSMEs in transitioning to digital practices, which are not only necessary for e-invoicing compliance but also for efficient operations and tax benefits.
If your application is approved, you will be notified via email. You are then required to pay the remaining invoice amount (after deducting the subsidy) within 14 days. Upon sucessful payment, your Digitalisation Partner will commence delivering the service.
you will receive an email with a unique payment link. You are required to make the payment via the payment link.
if you fail to make the payment within the specified period, your agrant approval will be automatically cancelled and you would have to reapply for the grant.
You will be notified via email about the progress of your application status.
Yes, you can apply for up to three types of digital services under the MSME Digital Grant MADANI.
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