PSG Grant Singapore

Productivity Solutions Grant (PSG) in Singapore is a government initiative aimed at assisting businesses in adopting technology solutions and improving productivity. It is administered by Enterprise Singapore, a government agency supporting the growth of Singaporean enterprises.

Here are key points related to the PSG Grant in Singapore:

1. Objective:
   • The PSG aims to help businesses, particularly Small and Medium Enterprises (SMEs), adopt pre-approved IT solutions and equipment that enhance productivity and efficiency.
2. Eligibility:
   • Generally, Singapore-registered businesses are eligible for PSG. The PSG supports projects in sectors such as retail, food, logistics, precision engineering, construction, and more.
3. Supported Solutions:
   • The grant covers a range of technology solutions, including but not limited to Customer Relationship Management (CRM) systems, Human Resource Management Systems (HRMS), financial management software, and various industry-specific solutions.
4. Funding Support:
   • The PSG provides funding support for up to 80% of qualifying costs for adopting pre-approved solutions. The maximum funding amount varies based on the nature of the solution.
5. Application Process:
   • Businesses can apply for PSG through the Business Grants Portal (BGP). They need to select the relevant pre-approved IT solution from the list and submit the required documents.
6. Vendor Eligibility:
   • IT solution providers must be pre-approved by IMDA (Infocomm Media Development Authority) or other relevant government agencies to offer their solutions under the PSG.
7. Reimbursement:
   • The PSG operates on a reimbursement basis. This means that businesses need to incur the expenses first and then claim the grant after implementing the approved solution.

It’s important to note that government initiatives and grant programs may be subject to updates and changes. Therefore, for the most accurate and current information about the PSG Grant, it is recommended to visit the official Enterprise Singapore website or contact relevant government agencies for the latest details and application procedures.