How to Apply for the Productivity Solutions Grant (PSG) in Singapore: A Practical Guide
The Productivity Solutions Grant (PSG) is designed to help Singapore businesses adopt technology solutions that improve productivity. With up to 50% of qualifying costs funded by the government, it's one of the most straightforward grants available to local SMEs.
Who Is Eligible?
- Registered and operating in Singapore
- Purchase or lease of IT solutions must be used in Singapore
- At least 30% local shareholding
- Business is not in financial difficulties
What Costs Are Covered?
The PSG covers pre-approved off-the-shelf IT solutions, equipment, and consultancy services across sectors like retail, food services, construction, logistics, and professional services. The approved vendor list is published on the Business Grants Portal.
Step-by-Step Application Process
- Browse the list of pre-approved solutions on the Business Grants Portal
- Get a quotation from an approved vendor
- Submit your application on the Business Grants Portal before purchasing
- Wait for approval (typically 4–6 weeks) before proceeding with purchase
- Submit claims with invoices and proof of payment within the approval period
Common Reasons for Rejection
- Purchasing the solution before grant approval
- Using a non-approved vendor
- Incomplete supporting documents
No comments:
Post a Comment