What is SME ?

SME also called Small and Medium Enterprise. For manufacturing small enterprises must have annual sales turnover between RM 300,000 and RM 15 million. And must have at least 5 and not more than 75 employees. For services and other sectors small enterprises, they must have annual sales turnover between RM 300,000 and RM 3 million then must have at least 5 and not more than 30 employees. Moreover, for manufacturing medium enterprise they must have annual sales turnover between RM 15 million and RM 50 million. And they must have at least 75 and not more than 200 employees. For services and other sectors medium enterprises, they must have annual sales turnover between RM 3 million and RM 20 million then must have at least 30 and not more than 75 employees.







GREAT NEWS!

SME to get matching grant up to RM5,000 to digitalize your operations!


To develop a digital nation, the government has allocated RM500 million under Budget 2020 to digitalize the operations of Malaysian small and medium-sized enterprises. This will be given as a 50% matching grant up to RM5,000….


To obtain the grant, the SME would need to subscribe to the digital services from the TSP, then complete and submit their application forms together with the supporting documents for the banks to process….