PSG Grant Singapore 2025: The Ultimate Guide to Applying

Did you know that over 80% of SMEs in Singapore struggle to adopt digital tools due to cost barriers?

The Productivity Solutions Grant (PSG) tackles this challenge head-on—offering up to 50% funding for pre-approved solutions that boost productivity, streamline operations, and accelerate digital transformation.

If you’re wondering how to apply PSG grant in 2025, this guide will walk you through eligibility, step-by-step application, and how to maximise your claim—so you can focus on growing your business.

TL;DR: PSG Grant Singapore 2025 at a Glance 🚀

• 💸 Up to 50% funding for pre-approved tech solutions and equipment

• 🏢 SMEs registered in Singapore with 30% local shareholding qualify

• 📋 Apply via the Business Grants Portal before signing any contracts

• ⏱ Approval takes about 4-6 weeks

• 💡 Maximise funding by bundling tools and opting for multi-year contracts

What Is the PSG Grant and How Does It Work in Singapore?

The Productivity Solutions Grant (PSG) is a government scheme that subsidises digital tools and equipment for Singapore-registered SMEs. It encourages businesses to adopt ready-to-use, industry-specific solutions—ranging from accounting software to cybersecurity systems.

You can receive up to 50% funding when purchasing from pre-approved vendors listed on the GoBusiness PSG portal.

Covered Solutions Include:

• Point-of-sale (POS) systems
• E-invoicing and accounting tools
• CRM platforms
• Cybersecurity packages
• Logistics, HR, and inventory software

Tip: Each solution category is tailored by industry—retail, food, logistics, construction, and more.

Are You Eligible? Key Requirements for SMEs in 2025

To qualify for the PSG grant Singapore, your business must meet these requirements:

✅ Business Criteria:

• Registered and operating in Singapore
• Minimum 30% local shareholding
• SME status: fewer than 200 employees or annual turnover under S$100 million

✅ Grant Usage Criteria:

• The solution must be used within Singapore
• You must not sign contracts or make payments before applying
• Preferably GST-registered (though not always required)

🧠 Upgrade your accounting solutions now!

Grof helps you get started with IMDA-pre-approved solutions — meaning your first year comes with funding support. Stay compliant, save money, and modernise your accounting without breaking the bank.

How to Apply for the PSG Grant: Step-by-Step Guide

1. Step 1 : Get a tailored quote from us based on your business needs

2. Step 2: Apply through the Business Grants Portal (BGP) and upload the required documents:
   – Official quotation
   – Latest ACRA business profile
   – Relevant licenses (if applicable)

   

3. Step 3: Await Approval, as the processing takes about 4-6 weeks from the submission of all required information. DO NOT proceed with any purchase until approval is granted.

4. Step 4 : Once approved, sign the contract and implement the solution with your chosen vendor.

5. Step 5 : Submit a Claim
   After full implementation, submit your claim via the portal with the following:
   • Paid invoice
   • Bank transfer proof
   • Screenshot or photo showing implementation
   • Signed declaration form

Crucial Advice: You must not make any payments or sign any contracts with the vendor before you receive your official Letter of Offer. Any expenditure incurred prior to this approval becomes ineligible for the grant.

For more detailed instructions, read more : https://www.enterprisesg.gov.sg/financial-support/productivity-solutions-grant.

How Long Does It Take? Timelines for Approval & Reimbursement

Stage	Timeline
Approval Process	4-6 weeks from the submission of required information
Implementation	Varies by vendor
Reimbursement	14 working days post-claim approval

Plan your projects with these timelines firmly in mind to effectively manage your expectations and optimise your cash flow.

PSG Grant Tips to Maximise Your Funding

✅ Bundle Related Solutions

Apply for solutions that work together—e.g., a POS system with integrated accounting. This strengthens your case and improves operational efficiency.

✅ Choose Reliable Vendors

Work with vendors who have a proven track record. Delays in setup or incomplete documentation can hinder your claim process.

✅ Plan for Annual Budget Cycles

Each year, grant budgets have limits. Apply early in the year or quarter to avoid processing delays due to budget caps.

Conclusion: Take Advantage of PSG in 2025 Before It’s Too Late

The PSG grant in Singapore continues to offer one of the best ways for SMEs to invest in productivity without overstretching cash flow. But demand is high, and annual budgets are limited.

If you’re serious about scaling or digitising in 2025, don’t wait. Begin the application process early and ensure you’re working with trusted vendors like Grof  to speed things up.

Frequently Asked Questions

1. Can I apply if I’m not GST registered?

Yes, but some solutions (especially those over a certain value) may require GST registration. Always check individual solution notes before applying.

2. What happens if I switch vendors after approval?

You cannot switch. PSG is strictly tied to the pre-approved solution and vendor you applied for. Any change voids your claim.

3. How will I receive the reimbursement?

Once your claim is approved, the reimbursement will be credited to your company’s registered bank account via GIRO.