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Budget 2023: RM100 million in automation, digitalisation grants provided for SMEs

24 Feb 2023 06:13pm
Anwar at the re-tabling of revised Budget 2023: Bernama
Anwar at the re-tabling of revised Budget 2023: Bernama
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KUALA LUMPUR - The government is allocating RM100 million under the Small and Medium Enterprise (SME) Grant Scheme to support business automation and digitalisation activities.

Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim said businesses should quickly adopt digital technology to widen the market for their products and services.

"Matching grants of up to RM5,000 will be given to SMEs and small traders that subscribe to business digitalisation applications such as POS sales, accounting and inventory management system,” he said when tabling Budget 2023 themed "Developing Malaysia Madani”in the Dewan Rakyat today.

Anwar said funds totalling RM1 billion are also provided under Bank Negara Malaysia to assist the micro, small and medium enterprises to automate and digitalise their operations. - BERNAMA

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