By Amin Ridzuan Ishak
SHAH ALAM, Nov 5 — The state government has approved a RM2.8 million fund for the Small and Medium Enterprises (SME) Digitalisation Matching Grant to aid traders move from brick-and-mortar into the digital realm.
State exco for industries and small and medium enterprises Dato’ Teng Chang Khim said the initiative is set to benefit 650 recepients, including small traders, to upgrade their operations in line with today’s developments.
“The remaining RM2.2 million can be applied for in the third phase, which is expected to be launched in the nearest future,” he said yesterday.
The grant was launched by Menteri Besar Dato’ Seri Amirudin Shari on April 12 to help small and medium enterprises undergo its digital transformation.
A total of RM5 million has been set aside for 1,000 small traders, with each trader expected to receive between RM1,000 to RM5,000.
Five digitalisation fields are offered, including e-commerce, human resources system, accounting system, digital marketing, Electronic Point of Sale system, and
To qualify for the grant, an applicant company must be registered under the relevant laws in Malaysia, the company must have a minimum 51 per cent ownership by a Malaysian, and is an SME with an address registered in Selangor or solely operates in the state.
The applicant company must also be in operation for at least a year, with an annual sales turnover of at least RM300,000 but no more than RM1 million. It is limited to one application per SME, and organisations are permitted to apply for three digital services with one or more providers verified by the Selangor Information Technology & Digital Economy Corporation.