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WhatYou Need To Know About PSG Grant

When the Covid-19 hit the Singapore’s economy, all businesses and most especially the SMEs were greatly affected. As a result, the Singaporean government released a means to support companies through those difficult times. The Singapore’s government launched the PSG also known as the Productivity Solutions Grant to help businesses.

At the moment, small to medium-sized businesses in Singapore can apply here for a grant of up to 70 percent funding support for approved e-commerce solutions. PSG is also extremelyvital as it helps your business market to a whole new level considering the importance of digital marketing these days. So, keep reading to understand more about the PSG Grant and how you can apply for one.

What is PSG Grant?

Before going any further, you ought to understand what is the PSG Digital Marketing Grant. The Singapore government launched theProductivitySolutions Grant some years back and its main purpose was to help local SMEs improve operations of their companies by utilizing IT services and equipment. The productivity Solutions Grant serves several industries like retail, engineering, construction among others.

Moreover, PSG supports solutions being implemented in business management as well as the different processes and systems such as data analytics, customer management and sector-specific solutions. In addition, Productivity Solutions Grant included pre-scoped IT solutions, equipment and consultancy services that improve productivity too.

Are you Eligible for a PSG Grant

Now let’s take a quick look on who is entitled to the PSG digital marketing grant. Well, the Productivity Solutions Grant is usually available to all types of businesses operating within Singapore. However, a company will still need to meet the minimum qualification to apply for the PSG digital marketing grant.

What if you don’t know how to apply for the PSG digital marketing grant? To lend a helping hand, you should first ensure your organization has been registered and operating in Singapore for at least six months.Moreover,your organization must have purchased a subscription for the IT Solutions, equipment and consultancy service in Singapore.

Some selected Singaporean companies must also have a minimum of 30 percent of local shareholding to apply for this grant. If you plan on applying on consultancy Solutions, then you must have at least three employees at the point application.Furthermore, your organization should not have any payment or signed contract with any source that concerns lease, subscription or IT solution. It is then that you can determine which lender provides the PSG digital marketing grant.

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