A company can apply for PSG for every new technology solution. For example, if a company applies for the grant and receives a 50% subsidy for the EPOS POS machine, they can still apply for the grant with a different technological solution.
Companies can only apply for PSG for the same solution more than once if it is for a different outlet under the business. This means that a company can receive 80% subsidy on two or more EPOS machines as long as they are for different outlets.
There is a grant cap of S$ 30,000 per business, this cap resets on the 31st of March every year. This means that applicants that have hit their $ 30,000 budget will only be able to qualify for PSG again after 31st March.
*Certain equipment and IT solutions might be subjected to further cost caps.
IMDA has pre-scoped both vendor and solution in order to simplify the application process. Being a PSG pre-approved vendor allows applicant to apply for the SME grants with confidence as it removes the uncertainty on whether the tech solution is eligible for the grant.
Skills Development Levy (SDL) is a mandatory contribution by employers. SDL is to encourage employers to upgrade their employees’ skills. SDL collections are channelled into the Skills Development Fund (SDF), which supports a wide variety of skills upgrading programmes and activities. The SDL and SDF are administered by SkillsFuture Singapore (SSG).