Word has been spreading quite fast about the SKMM RM1000 cash grant that is currently on offer to any Malaysian micro entrepreneur who qualifies for the grant. However, most Malaysians are still unsure on how to get SKMM grant as the cash will definitely come in handy especially for micro entrepreneurs who run cottage industry style business from their homes.
Of course the money is one way for the Malaysian government to encourage these small time businesses to get online hence the GMBO (Get Malaysian Business Online) initiative which is under the SKMM (Suruhanjaya Komunikasi dan Multimedia Malaysia) or known as the MCMC (Malaysian Communications and Multimedia Commission) list of task.
So the first thing is to find out whether you qualify for the RM1000 SKMM grant or not. You need to meet the following criteria first BEFORE you apply for the grant :
- Malaysian citizen between the age of 18 – 65 years old (priority given to women entrepreneurs)
- Have a valid Malaysian business or company registration
- Have a Malaysian bank account that is registered under the business
- Have a broadband service account or is a registered member of 1Malaysia Internet Centre
- Have a working online website with a Malaysian domain (ending with a .my)
- Annual revenue of not more than RM200,000 a year or less than 10 full time employees (priority given to micro entrepreneurs)
Most Malaysian micro entrepreneurs would be able to meet all of the above criteria except the fact that they may not have a broadband account or an online business website. Well getting yourself a broadband account is pretty straightforward as there are a number of broadband service providers in the country. You’ll obviously need to have broadband in order to get internet access.
Now the setting up of a proper business website can prove to be quite a challenge unless these micro entrepreneurs learn to create their own website or engage the services of ecommerce solutions provider like InstanteStore to get it done for them. If time is not on your side, it’s easier and faster to have them set everything up for you while you continue to focus on running your business.
Once you have a proper business website up and running, you can proceed to apply online via the SKMM’s online portal for the RM1000 cash grant. Remember now, you can only apply for the grant once and make sure that you have all the details filled in correctly and accurately. The processing may take up to 30 business days but once approved, the RM1000 cash will be remitted directly to the bank account that is registered with your business.
Here’s a short video which shows what a difference getting the business online has been for a Malaysian entrepreneur :