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MSME Digital Grant MADANI

Unlock up to RM5,000 in matching funds for your digital transformation

Application & Selection

MSMEs/cooperatives can apply for the grant through our online portal, selecting the digital services they need from our Digitalisation Partners (DP). The grant is open to MSMEs/cooperatives meeting specific eligibility criteria.

Approval Process

Funding Societies will review applications. Approved MSMEs/cooperatives will be notified and must make a balance payment for the selected services within a 14-day period via a specific payment link.

Payment & Service Delivery

Upon payment, the chosen DPs will deliver the digital services to the MSMEs/cooperatives. The grant covers 50% of the invoiced amount or up to RM5,000.00.

Claim & Disbursement

Once services are delivered, DPs are to submit a claim form with proof of delivery. Upon approval, 50% of the total invoice amount (or up to RM5,000.00) will be disbursed to the DPs.

  • Are You Eligible?

  • 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.

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What are the required documents?

  • Identification: Copy of identity card or passport of director(s)/partner(s)/proprietor(s), whichever is applicable.

  • Business License: Business registration documents/SSM business profile/SKM registration docs.

  • Financial Documents: Latest audited accounts, management accounts, or latest two-month bank statements.

  • Invoice: Invoice/quotation issued by Digitalisation Partners.

  • The SME must contact and appoint one or more panel of Service Providers to perform any of the digitalisation services available (maximum of 3 panels).

  • The SME must complete and submit the application form together with the required supporting documents to any of the Bank's branches.

  • Once the SME's application is approved, the SME is responsible to pay the difference of the total invoice after deducting the subsidized amount granted from the Initiative and to provide proof of payment to any of the Bank's branches.

  • After proof of payment is provided, subject to the total invoice amount, the Bank will make a direct 50% payment of the total invoice amount or up to RM 5,000.00 to the Service Provider in one lump sum payment or in stages based on the Bank's discretion.
     

  • Note: Only the SME is authorized to complete and submit the application form with the relevant supporting documents to any of the Banks’ branches or via company official email. Appointment of any third party for collection and submission of application forms to the Bank is not allowed.

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