In order for Malaysia to accelerate in our digital economy, the government through Ministry of Finance (MOF) have been partnering with Malaysia Digital Economy Corporation (MDEC), Bank Simpanan Nasional (BSN) and SME Bank in managing the grant to eligible Small & Medium Enterprises (SMEs) to adopt digitalisation in their daily operations. They have provided a grant of up to RM5,000 for every company on subscription of digital services. There will be a total of RM500million worth of matching grant over the five years limited to the first 100,000 SMEs applying to upgrade their internal systems.
MDEC has officially announced BSN that would start receiving email submissions for the 2020 SME Business Digitalisation Grant’s application effective on 10th April 2020.
SME Eligibility:
- The company is at least 60% owned by Malaysian.
- The company registered under the relevant laws of Malaysia
- The SME has been in operation for atleast one (1) year
- Company operation in one (1) year, company required to have a minimum annual sales turnover of RM 100,000.
- Company operation > two (2) years, company required to have a minimum annual sales turnover of RM 50,000 (preceding two (2) consecutive years).
Sign up now to Food Market’s Hub Procurement Inventory systems and platform, check out the benefits we have for your restaurant and ease your financial burden. We help restaurants automate their operations and serve as a one stop solution to keep track or their procurement and inventory. Since the past 3 years we have helped more than 2250 outlets and 115 brands to save their resources and keep track of their food cost. Other than that, we provide sourcing services to help you get bulk purchases at a minimum price with Just-in-Time delivery. Our mission is to have all F&B businesses be sustainable and focus on their food quality and service to their clients.
Through this grant, you are able to purchase either food ingredients through our platform or use it on signing up on our Procurement Inventory systems. We are here to help all of our clients with the necessary documents for SME Application. Apply with us now and claim your RM5000 grant!
Send us an email to sales@foodmarkethubdotcom.wpcomstaging.com or WhatsApp to +6018 976 3373 for further inquiries or any other questions.
