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

Malaysia Airlines’ new A330neo grounded temporarily due to production issues

Malaysia Airlines has temporarily grounded its brand new Airbus A330neo after completing four commercial flights.…

8 hours ago

Proton e.MAS 7: Here’s how much it cost to maintain this EV

Pro-Net recently revealed that you only need to service the new Proton e.MAS 7 EV…

2 days ago

Proton e.MAS 7: How much does it cost to replace the tyres?

The Proton e.MAS 7 is one of the most value for money SUVs at the…

2 days ago

Samsung to launch its new AI-powered home appliances with improved ecosystem integration at CES 2025

Samsung has announced that it will be holding its press conference titled "AI for All:…

2 days ago

SoyaCincau Awards 2024: The Best Phones of the Year

Modern smartphones are very capable computing devices, thanks to powerful hardware trickling down the price…

2 days ago

CelcomDigi offers 5G Home WiFi at RM69/month for Postpaid customers

If you're a CelcomDigi Postpaid 5G customer and can't get fibre broadband for your home,…

2 days ago

This website uses cookies.