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What is MSME?

Micro, Small, and Medium Enterprises (MSMEs) are businesses that fall within specific size and revenue categories. In Malaysia, as of Budget 2023, these categories have been redefined to adapt to the country's economic context.

 
SMEs (Small and Medium-sized Enterprises) are businesses that play a significant role in the Malaysian economy, contributing around 38% or more than RM500 billion to the country's Gross Domestic Product (GDP). These enterprises come in various sizes and operate across different industries, and they are considered the backbone of Malaysia's economic growth and development. The specific criteria for what constitutes a micro, small, or medium-sized enterprise can vary by country and government regulations. These criteria often take into account factors like the number of employees, annual revenue, and other business-related metrics.

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Enjoy 50% savings or up to RM5,000 per company* when you subscribe to AutoCount’s solutions.

Join a growing network of over 240,000 businesses that rely on AutoCount for streamlined, AI-powered business management and digital efficiency. 


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Get 50% or up to RM5,000 MSME grant with AutoCount

 *Limited quota only

APPLICANT ELIGIBILITY

  • Available to MSME and Cooperative (“Koperasi”) registered under the relevant laws of Malaysia;
  • The MSME is at least 60% owned by Malaysian;
  • The MSME/Coop has been in operation for at least six (6) months; and
  • The MSME/Coop has minimum average annual sales turnover of RM50,000.00.


REQUIRED DOCUMENTS

  • Completed MSME Madani Digital Grant application form;
  • A copy of the Identification Card or Passport of Director (s) / Partner (s) / Proprietor(s) of the MSME / applicant appointed by the Coop , whichever is applicable.
  • A copy of MSME registration license (CCM or any similar forms under the Companies Act 2016). For Coop, a copy of SKM registration certificate;
  • Latest audited account statement or latest financial management account statement or MSME/Coop bank statement for the latest two (2) months;
  • Quotation/Invoice for the selected digitalisation services from the Service Providers listed by MDEC; and
  • Any other information and documents as and when required by the bank.


**  Your company's application may be rejected if any of the following conditions apply:

  • Your company has previously participated in any government subsidy programs.
  • The submitted company information contains inconsistencies or does not meet the application requirements.

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