WHAT IS PSG?

The Productivity Solutions Grant (PSG) supports solutions from various industries and is a joint initiative by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore. It benefits companies when they adopt IT solutions. PSG was announced in the Supplementary Budget 2020. It is used to encourage enterprises to further their digitisation route. From 1 April 2023 onwards, the maximum support level will be up to 50%.

ELIGIBILITY

Registered and operating in Singapore
Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
Have a minimum of 30% local shareholding; with Company's Group annual sales turnover less than S$100 million, OR less than 200 employees (for selected solutions only)

IMDA Pre-approved Solution

* Professional Services
Advise SME on setting up Chart of accounts, customer, supplier & stock maintenance according to their requirement
Customization of Forms (invoice, delivery order, PO) from the standard format.

MadSoft Solution is a pre-qualified PSG grant vendor.

Eligible SMEs can look to defray the qualifying costs with the adoption Madsoft Solutions GST API Version 320 provided by MadSoft Solutions.
SMEs are eligible for up to 50% Productivity Solutions Grant (PSG) support for the adoption of Madsoft Solutions GST API Version 320 a Pre-Approved Solution under the IMDA SMEs Go Digital program.

HOW TO APPLY FOR THE PSG GRANT?

STEP 1:

Get a quotation from MadSoft Solutions Pte Ltd

STEP 2:

Complete and submit application form on Business Grant Portal(BGP). You will need to register for a CorpPass account to transact on the portal.