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Selangor channels RM5 mil to 1,100 SMEs via SME Digitalisation Matching Grant

The Selangor State government, through Selangor Information Technology & Digital Economy Corporation (SIDEC) has channeled RM5 million to 1,100 small and medium enterprises (SMEs) via the Selangor SME Digitalization Matching Grant to encourage companies to take the first step in digitalizing their businesses.

The matching grant, launched in April 2021 amid the Covid-19 pandemic, covers five areas of digitalization, namely cloud accounting, e-payment system, human resource management and payroll, digital marketing, and e – commerce system.

Selangor Menteri Besar Datuk Seri Amirudin Shari said out of the total of 1,500 SMEs in Selangor that applied for the grant, 1,100 SMEs had qualified to benefit from it.

“Based on some success stories from this program, many have illustrated that by utilizing e – commerce, e – payment systems and digital marketing, they have leveraged this matching grant to improve payment operations and transaction management,” Amirudin said in a statement on Saturday.

He said this in his speech when officiating the Selangor Smart City and Digital Economy Convention as part of the Selangor International Business Summit (SIBS) 2021 here, on Saturday.

Themed ‘Digital Transformation Towards Economic Recovery’, the event is co – organised by SIDEC and Invest Selangor Bhd, the State’s investment arm.

The convention gathers industry leaders, academics, SMEs as well as government and private sectors to delve into strengthening and growing the Selangor SME digitalization ecosystem in shaping the existing and future smart city and digital economy frameworks and solutions.

  • The Edge Markets