Malaysia Empowers MSMEs with RM5,000 Digital Grant MADANI for Digital Transformation

In a strategic collaboration between the Malaysian Digital Economy Corporation (MDEC), BSN Bank, and the Malaysian Communications and Multimedia Commission (MCMC), the Malaysian government has introduced the MSME Digital Grant MADANI as part of the 2023 budget. This initiative aims to support micro, small, and medium enterprises (MSMEs) across Malaysia in embracing digital transformation.

15 September 2023 – The Malaysian government, in partnership with key entities like the Malaysian Digital Economy Corporation (MDEC), BSN Bank, and the Malaysian Communications and Multimedia Commission (MCMC), has unveiled the MSME Digital Grant MADANI as a crucial component of the 2023 budget. The primary objective of this initiative is to empower micro, small, and medium enterprises (MSMEs) in Malaysia by facilitating their digitalization efforts.

As part of this groundbreaking program, VeecoTech Solutions has been appointed as the Digital Partner (DP) by MDEC. VeecoTech will play a pivotal role in offering a range of digital solutions, including website development, e-commerce platforms, digital marketing, and cybersecurity services. These services are designed to enable MSMEs to leverage the grant effectively and embark on their digital transformation journey.

To provide further insights into the MSME Digital Grant MADANI and its application process, VeecoTech will host a webinar. The webinar for English speakers is scheduled for September 20, 2023 (Wednesday) from 10 am to 11 am, while the Mandarin-speaking audience can attend on September 21, 2023 (Thursday) during the same time frame. To register for the webinar, interested parties can visit the following link: Webinar Registration.

This grant is accessible to all MSMEs in Malaysia with a minimum operational history of 6 months. To apply for the RM5,000 matching grant, MSMEs are required to complete an online application form and submit essential documents, such as their business registration certificate and financial statements.

Alain Lye, Managing Director at VeecoTech, expressed enthusiasm about the partnership with the Malaysian government and its potential impact, stating, “We are excited to partner with the Malaysian government to help MSMEs digitize their businesses. We have a proven track record of serving hundreds of organizations, both local and international. We can’t wait to assist MSMEs, including local hawkers in Malaysia, in capitalizing on this grant to foster the growth of their businesses.”

It’s essential to note that the grant will conclude once the RM100 million allocation has been fully disbursed. MSMEs are encouraged to act promptly to benefit from this valuable opportunity for digital transformation.

Author: Terry KS

Share This Post On