Government Grant
Get 50% or up to RM5,000 MSME grant thru Logical Asia
The grant offers a 50% matching grant up to RM5,000 per entity for subscribing to services from selected Digitalisation Partners. Grants are limited and allocated on a first-come, first-served basis.
Leverage on this matching grant to scale your business software and maximize efficiencies. You can now own a set of high-quality and stable software from Logical Asia at an affordable cost!
Why Logical Asia?
Claimable
We are a TSP that provides all 3 most popular software claimable under this Matching Grant. Accounting + POS + Cloud Payroll = Ideal choice towards better business digitization.
Simple
We understand that you need a business application software that is easy to use. Without any accounting knowledge, you can start using the software to manage your daily business data immediately.
Scalable
Logical Asia offers software solutions that fit budgets of all sizes. Business can upgrade the software and add on modules anytime when the business expands instead of investing in another new software.
Flexible
The system allows personalization for layout, user defined fields, customizable reports and more. It integrates easily with our suite of software and can easily extends functionalities for various industry verticals.
APPLICANT ELIGIBILITY
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The company is at least 60% owned by Malaysian.
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The company registered under SSM/PBT.
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The co-operative registered under Suruhanjaya Koperasi Malaysia (SKM)/Lesen Professional.
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Company/co-operative that has a minimum annual sales turnover of RM50,000.
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Company/Co-operative that has operated at least six(6) months.
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Not eligible for those who received Digitalisation Matching Grant before.
Required Documents
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Complete Application Form.
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Copy of Identity Card or Passport of Director (s) / Partner (s) / Proprietor(s), Co-operative representative whichever is applicable.
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Copy of business registration licenses (SSM or other relevant forms) under the Companies Act 2016. SKM registration certificate for co-operative.
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Company’s bank statement for the last two (2) months OR audited financial report OR latest account statement.
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Invoice/billing from authorized Digitalisation Partner like AutoCount.
Frequently Asked Questions (FAQs)
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I’ve received a Digitalisation Matching Grant in the past. Can I still apply? |
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No, MSMEs or cooperatives that have received a Digitalisation Matching Grant in the past are not eligible for the MSME Digital Grant MADANI.
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What is the maximum amount I can apply for under this grant? |
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The grant covers 50% of the invoiced amount or up to RM5,000.00 for each eligible MSME or cooperative to implement digitalisation.
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How much do I need to pay upfront? |
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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
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How long does the application process take? |
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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.
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How much do I need to pay upfront? |
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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
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What documents are needed to apply for the grant? |
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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.
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What happens if my application is approved? |
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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.
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How do I make the payment? |
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You will receive an email with a unique payment link. You are required to make the payment via the payment link.
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What happens if I fail to make the payment within the specified period? |
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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.
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How will I be informed about the progress of my application status? |
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You will be notified via email about the progress of your application status.
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Can I apply for more than one type of service under this initiative? |
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Yes, you can apply for up to three types of digital services under the MSME Digital Grant MADANI.
