Taking Your Business to New Heights Through MSME Digital Grant MADANI
The grant offers a 50% matching grant up to RM5,000 per entity for subscribing to services from elected Digitalisation Partners. Grants are limited and allocated on a first-come, first-served basis
Eligibility & Required Documents
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.
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.
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.
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Our Clients
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"SYCARDA surely helps us manage our business better and help us manage our stocks, manage our inventory, help us keep track of all our sales. This little information is vital for us in operation. We know, what item to order more, what item to order less, and what item to push. So SYCARDA really does help a lot."
JJ, Jet & Shaufi
“We find that SYCARDA is useful for us in restaurant performance monitoring & inventory tracking. In Grand Imperial, we go through thousands of transactions daily & there are many raw data. So now we’re moving towards digitalisation era, more electronic systems to deal with this sort of thing.
With SYCARDA, it can convert raw data into useful information such as outlet sales pattern & SKU volume movement that can help us adjust our restaurant operations to enhance what we’re doing, we can clearly monitor and understand how the operation runs.”
Joshua
"SYCARDA helps us narrow down the transaction information that we need in real-time. With real-time information, we can know whether the promotion is working or not and make swift decisions to adjust the campaign."
Asher Looi
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