MICRO, SMALL AND MEDIUM ENTERPRISE DIGITAL GRANT (MSME) MADANI
Evolve your business to the digital forefront
In line with the Malaysian government's unwavering commitment to advancing digitalization among Micro, Small, and Medium Enterprises (MSMEs), a groundbreaking initiative has emerged: the 'BSN Digital Grant MSME Madani' financing program. This innovative project, a collaborative effort between the Ministry of Finance Malaysia, Bank Simpanan Nasional (BSN), the Malaysian Digital Economy Corporation (MDEC), and the Malaysian Communications and Multimedia Commission (MCMC), is set to revolutionize the future of MSMEs.
The emphasis is not merely on financial support, but also on enabling these businesses to adapt to the rapidly evolving digital landscape. It's a promising opportunity for MSMEs across various industries to equip themselves with the digital tools and capabilities they need to thrive in today's competitive market.
The significance of the 'BSN Digital Grant MSME Madani' initiative is further underscored by the government's Budget 2024. The budget allocates RM100 million in grants specifically aimed at bolstering MSMEs' digitalization efforts. This financial backing, combined with the RM900 million in loans made available through the Bank Negara Malaysia (BNM), is a testament to the government's commitment to enhancing SME productivity through digitalization and automation. These resources are not only a boost for individual businesses but also key drivers for our nation's long-term competitiveness and progress toward becoming a high-income nation. This symbiotic relationship between government support and private sector innovation is shaping a dynamic, technology-driven future for Malaysian businesses.
Who Is Eligible for BSN Digital Grant MSME Madani?
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Registered MSMEs and Cooperatives ("Koperasi") under Malaysian laws.
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MSMEs must have at least 60% Malaysian ownership.
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The business must have operated for a minimum of six (6) months.
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MSMEs/Cooperatives should have a minimum average annual sales turnover of RM50,000.00.
How to Apply?
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Contact and engage one or more Service Providers listed by MDEC for digitalization services (maximum of 3 services).
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Complete the application form and submit it with the required documents to the selected Service Provider.
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The Service Provider submits the MSME application, along with supporting documents, to the Bank.
- The RM100 application fee is refundable if the grant is rejected.
Are you ready to take advantage of the Madani digital grant?
Click directly via this link: https://forms.gle/oyDuVGmYxPgyVS8p9
Be sure to act quickly as this offer is limited to the first 20,000 MSMEs. Don't miss this golden opportunity!
