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MSME Digital Grant MADANI
Evolve your business to the digital forefront
Grant amounting up to 50% or a maximum of RM 5,000 from total invoice amount
Great deals on digital solutions from a wide list of panels listed by MDEC
Digitalisation Areas to enhance your business through
innovative digital solutions tailored to your needs.
Digital Marketing/Sales
Enhance reach and sales through targeted online strategies.
Digital Payment/e-POS System
Streamline payments and sales with secure, fast solutions.
HR Payroll System/Customer Relationship Management (CRM):
Automate payroll and customer relationships for growth.
Enterprise Resource Planning (ERP)/Accounting & Tax
Simplify finance management with real-time insights.
Digital Signature
Secure authenticity with legally recognized e-signatures.
IoT/Intelligent System
Connect operations for efficiency with smart technology.
Cyber Security
Protect digital assets and information with robust defences.
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.
Here's a quick overview of how the grant works:
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.
Apply now for your Digital Grant
Sorry, this form is not open to new submissions.
We have reached the allocated amount for the MSME Digital Grant MADANI this year, and as a result, we have regrettably stopped accepting new applications at this time. If you have already submitted an application, our team will be reviewing them shortly, and you will be notified of the outcomes in due course.
Frequently Asked Questions
No, MSMEs or cooperatives that have received a Digitalisation Matching Grant in the past are not eligible for the MSME Digital Grant MADANI.
The grant covers 50% of the invoiced amount or up to RM5,000.00 for each eligible MSME or cooperative to implement digitalisation.
MSME must pay the remaining invoice amount (after deducting the grant) to the Digitalisation Partner via Funding Societies’ payment services within 14 days. Upon service delivery, Digitalisation Partners will receive 50% of the total invoice amount or up to RM5,000
The application process duration can take up to 3 working days. After you submit your application, it will be reviewed for approval. You will be notified via email about the status of your application.
You will need to provide a completed online application form, NRIC copy of the Owner/Director/Partner, business registration license/SSM business profile, and your latest audited/management accounts or latest two-month bank statements.
If your application is approved, you will be notified via email. You are then required to pay the remaining invoice amount (after deducting the subsidy) within 14 days. Upon successful payment, your Digitalisation Partner will commence delivering the service.
You will receive an email with a unique payment link. You are required to make the payment via the payment link.
If you fail to make the payment within the specified period, your grant approval will be automatically cancelled and you would have to reapply for the grant.
You will be notified via email about the progress of your application status.
Yes, you can apply for up to three types of digital services under the MSME Digital Grant MADANI.
Indonesia
Pendana
[email protected]
+62 877 3751 1114
Peminjam
[email protected]
+62 877 7873 6144
Penagihan
[email protected]
Unifam Tower, Jl. Panjang Raya
Blok A3 No.1, Kedoya Utara,
Kebon Jeruk, Jakarta Barat,
DKI Jakarta, 11520, Indonesia
Singapore
[email protected]
General Enquiries:
+65 6221 0958
Sales Enquiries:
+65 6011 7534
112 Robinson Road
Level 8
Singapore 068902
Malaysia
[email protected]
Primary contact
+603 9212 0208
Secondary contact
+603 2202 1013
Unit 15.01 & Unit 15.02,
Level 15, Mercu 3,
KL Eco City, Jalan Bangsar,
59200 Kuala Lumpur
Thailand
SME Loan
[email protected]
+66 93 139 9721
Investment
[email protected]
+66 62 197 8661
No. 29, Vanissa Building,
24th Floor, Room No. 2412 & 2414,
Soi Chidlom, Ploenchit Road,
Lumpini, Pathumwan,
Bangkok, 10330
Vietnam
[email protected]
(+84) 28 7109 7896
The Sarus Building
67 Nguyen Thi Minh Khai
Ben Thanh Ward, District 1
Ho Chi Minh City, Vietnam
Dreamplex
174 Thai Ha Street,
Trung Liet Ward, Dong Da District,
Hanoi, Vietnam
Singapore
Indonesia
Malaysia
Thailand
VietnamRegistered with Securities Commission Malaysia.
Modalku Ventures Sdn Bhd 201601019329 (1190266X)
© 2020 Modalku Ventures Sdn Bhd. All rights reserved.
Funding Societies is a SME Digital Financing Platform registered with Securities Commission Malaysia. It does not fall under the jurisdiction of Bank Negara Malaysia. Therefore, financing products of Funding Societies should not be constructed as business loan, SME loan, micro loan, term loan or any other loans offered by banks in Malaysia and it is to be deemed as an investment note as defined in the Guidelines on Recognised Markets.
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