PSG Grant
The Productivity Solutions Grant (PSG) is a government initiative aimed at helping small and medium-sized enterprises (SMEs) in Singapore improve their productivity through the adoption of technology solutions. Under the PSG, SMEs can receive funding support of up to 80% of qualifying costs when they implement pre-scoped productivity solutions. In this article, we will explore the different PSG grant categories available for SMEs in Singapore.
- Core Solutions
The Core Solutions PSG grant category covers basic solutions that most SMEs would require to digitize their operations. These solutions include accounting software, customer relationship management (CRM) software, and human resource management (HRM) software. These solutions are designed to improve the efficiency of business processes, reduce manual work, and increase accuracy.
- Digital Marketing
The Digital Marketing PSG grant category covers solutions that help SMEs improve their online presence and reach a wider audience. These solutions include website development, e-commerce platform development, and search engine optimization (SEO) services. These solutions are designed to help SMEs leverage digital channels to drive sales and growth.
- Financial Management
The Financial Management PSG grant category covers solutions that help SMEs manage their finances more efficiently. These solutions include accounting software, financial planning software, and expense management software. These solutions are designed to help SMEs keep track of their finances, make informed financial decisions, and improve cash flow management.
- Human Resource Management
The Human Resource Management PSG grant category covers solutions that help SMEs manage their human resources more efficiently. These solutions include HRM software, payroll software, and employee attendance management systems. These solutions are designed to help SMEs streamline their HR processes, reduce manual work, and improve employee engagement.
- Inventory Management
The Inventory Management PSG grant category covers solutions that help SMEs manage their inventory more efficiently. These solutions include inventory management software, barcode scanning systems, and warehouse management systems. These solutions are designed to help SMEs optimize their inventory levels, reduce stockouts, and improve order fulfillment rates.
- Productivity Solutions
The Productivity Solutions PSG grant category covers solutions that help SMEs improve their productivity through the use of technology. These solutions include automation software, robotics systems, and artificial intelligence (AI) systems. These solutions are designed to help SMEs reduce manual work, improve accuracy, and increase efficiency.
In conclusion, the PSG grant categories offer a wide range of solutions that can help SMEs in Singapore improve their productivity and competitiveness. SMEs should carefully evaluate their business needs and choose the appropriate PSG grant category to apply for. With the PSG, SMEs can receive funding support to help them adopt technology solutions and transform their business operations.