Categories: NewsTech

Budget 2020: SME to get matching grant up to RM5,000 to digitalise their operations

To develop a digital nation, the government has allocated RM500 million under Budget 2020 to digitalise the operations of Malaysian small and medium-sized enterprises. This will be given as a 50% matching grant up to RM5,000.

The objective of the grant is to encourage small businesses to adopt an electronic point of sales (e-POS) system, enterprise resource planning (ERP) solutions and electronic payroll. The RM500 million matching grant will be allocated for a period of 5 years and it is limited to the first 100,000 small and medium-sized enterprises that apply to upgrade their systems.

To increase the production of our local industries, the government has also allocated RM550 million matching grants for smart automation. This will be given to 1,000 manufacturing and 1,000 service-based companies to automate their business operations. The grant will be allocated as matching grants up to RM2 million per company.

Recent Posts

ChargEV Yearly Essential Plan has been discontinued

[UPDATE 02/11/2024 22:50] As it turns out, the ChargEV Legacy Plan has also been closed…

8 hours ago

U Mobile eager to work with CelcomDigi and TM to build second 5G network, to reduce foreign majority shareholding to 20%

U Mobile has expressed gratitude to the Malaysian government for selecting them to implement Malaysia's…

16 hours ago

Shell Recharge Malaysia deploys card payment terminal to its EV charging station

Pavilion KL visitors can use credit or debit cards to utilise the Shell Recharge EV…

1 day ago

MCMC: Malaysia’s second 5G network goes to U Mobile

[ UPDATE 2/11/2024 11:00 ] U Mobile thanked govt for second 5G network, to reduce…

1 day ago

The 2024 Mac Mini’s power button placement is dumb, but here are some solutions

Just a couple of days ago, Apple launched its long overdue updated 2024 Mac Mini.…

1 day ago

BYD Sealion 7 performance electric SUV coming to Malaysia soon?

Following the launch of the BYD M6 fully electric MPV, BYD has teased another upcoming…

1 day ago

This website uses cookies.