INSIGHTS
2024 GRANT
MSME Digital Grant MADANI 2024
The government has come back with another digital grant MSME Digital Grant MADANI for Small and Medium-sized Enterprise(SMEs). The grant offers a 50% matching grant up to RM5,000 per entity for subscribing to services from selected Digitalisation Partners. Grants are limited and allocated on a first-come, first-served basis.
PRODUCT
Our Products Are Available For The Grant
REQUIREMENT
ELIGIBILITY
- Malaysian-Owned: MSMEs/Cooperatives must be at least 60% owned by Malaysian citizens.
- Registration Requirements: Must be registered with the Companies Commission of Malaysia (SSM)/Local Authorities (PBT) or Malaysia Co-operative Societies Commission (SKM).
- Operating Duration: The business should be operating for at least six months.
- Annual Turnover: Must have an annual turnover of an average of at least RM50,000.
- Previous Grants: MSMEs/Cooperatives must not have received previous Digitalisation Matching Grants.
DOCUMENT
REQUIRED DOCUMENT
- Copy of identity card or passport of director(s) / partner(s) / proprietor(s), whichever is applicable. If there’s multiple directors, click here to see sample.
- Latest business registration documents/SSM business profile/SKM registration docs. Click here to see sample.
- Latest audited accounts, management accounts, or latest two-month bank statements.
- Invoice/quotation issued by Digitalisation Partners.
- *All document should be in .pdf, .jpeg, .jpg, .png format, and less than 25MB.
APPLICATION
APPLICATION PROCEDURE
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FAQ
Questions Regarding Grant 2024
I’ve received a Digitalisation Matching Grant in the past. Can I still apply?
No, MSMEs or cooperatives that have received a Digitalisation Matching Grant in the past are not eligible for the MSME Digital Grant MADANI.
What is the maximum amount I can apply for under this grant?
The grant covers 50% of the invoiced amount or up to RM5,000.00 for each eligible MSME or cooperative to implement digitalisation.
How much do I need to pay upfront?
MSME must pay the remaining invoice amount (after deducting the grant) to the Digitalisation Partner via Funding Societies’ payment services within 14 days. Upon service delivery, Digitalisation Partners will receive 50% of the total invoice amount or up to RM5,000.
How long does the application process take?
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.
How do I make the payment?
You will receive an email with a unique payment link from the authorities. You are required to make the payment via the payment link.
What happens if I fail to make the payment within the specified period?
If you fail to make the payment within the specified period, your grant approval will be automatically cancelled and you would have to reapply for the grant.
How will I be informed about the progress of my application status?
You will be notified via email about the progress of your application status.
Can I apply for more than one type of service under this initiative?
Yes, you can apply for up to three types of digital services under the MSME Digital Grant MADANI.
What should I do if my application is failed eventhough I'm eligible?
You may review on which document submitted is invalid and reapply the grant.
Call (+60) 4-2999399 or (+60) 16-328 4983 if you need any assistant