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PSG Grant for E-Commerce: Empowering SMEs for Digital Success

  • payjaman05
  • Mar 5
  • 2 min read

psg grant ecommerce

The Productivity Solutions Grant (PSG) is a government initiative designed to help small and medium enterprises (SMEs) in Singapore adopt digital solutions and enhance business efficiency. For businesses looking to expand into e-commerce, the psg grant ecommerce provides crucial financial support for implementing scalable and effective online solutions.

What is the PSG Grant for E-Commerce?

The PSG grant supports SMEs by subsidizing costs for pre-approved IT solutions, including e-commerce platforms. This initiative encourages businesses to embrace digital transformation, improve operational efficiency, and enhance customer engagement through online channels.

Key Benefits of the PSG Grant for E-Commerce

  1. Cost Savings – Eligible businesses can receive up to 50% funding support for e-commerce adoption.

  2. Professional Online Store – Develop a user-friendly e-commerce website with secure payment gateways and inventory management.

  3. Increased Market Reach – Expand your customer base by reaching a wider audience online.

  4. Enhanced Business Efficiency – Streamline operations with automated sales, order tracking, and customer relationship management (CRM) tools.

  5. Stronger Competitive Edge – Stay ahead in the digital marketplace with a well-optimized e-commerce solution.

Eligibility Criteria for the PSG Grant

To qualify for the PSG grant, businesses must:

  • Be registered and operating in Singapore.

  • Have at least 30% local shareholding.

  • Use the approved e-commerce solution within Singapore.

  • Purchase the solution from a pre-approved vendor.

Steps to Apply for the PSG Grant

  1. Identify Business Needs – Determine the e-commerce solutions that align with your goals.

  2. Choose a Pre-Approved Vendor – Select from the list of approved PSG vendors.

  3. Request a Quotation – Obtain a detailed quotation before applying for the grant.

  4. Submit the Application – Apply through the Business Grants Portal (BGP) with the necessary documents.

  5. Implementation and Approval – Once approved, proceed with setting up the e-commerce platform.

  6. Claim the Grant – Submit proof of payment and required documents for reimbursement.

Why Leverage the PSG Grant for E-Commerce?

The PSG grant presents an excellent opportunity for SMEs to digitize and future-proof their business operations. With financial support from the government, companies can adopt high-quality e-commerce solutions, drive business growth, and enhance customer experience.


 
 
 

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