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I-BAP

Business Accelerator Programme for Indian Small Business

SME Corporation Malaysia

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Maximum Grant RM100,000

Grant Amount :
Type of Grant :

Advertising, E-Commerce, Machinery, Software, Certification

Status :

Closed

Agency :

SME Corporation Malaysia

I-BAP

Business Accelerator Programme for Indian Small Business (I-BAP) is an integrated assistance programme aimed to enhance the capabilities of small-sized companies through business advisory services and financial support. This programme supports a wide range of capability building initiatives to assist MSMEs grow and expand their business locally and globally.


Type of Assistance

  • Matching grant 50% of the eligible expenses (maximum RM100,000)


Project Scope

  • Acquisition of Machineries & Equipment (Productivity & Automation)

  • ICT Adoption & E-Commerce

  • ESG (Environment, Social & Governance) Adoption

  • Product Certification

  • Advertising & Promotion (limited to RM50,000 only)

Eligibility Criteria


  • Having a valid MSME Status Certificate

  • Annual sales turnover exceeds RM300,000 per year

  • At least 60% of local Indian ownership

  • Having a valid Business Premise License from Local Authorities

  • At least 12 months in operations from the date of application

  • Major / common shareholders in 2 or more Private Limited Companies are only eligible to submit 1 application

  • Enterprise owned by the same owner in 2 or more enterprises (sole proprietorship or partnership) are only eligible to submit one application

  • Companies that have received BAP 3.0 grants are not eligible to apply

  • The same project that has been approved under any programme by SME Corp. Malaysia is not eligible

  • Open to all economic sectors EXCEPT sectors related to primary agriculture, financial, insurance, real estate, and securities trading sectors (priority will be given to the high growth industries)


Basic Application Documents


  1. Superform document from SSM

  2. Business Premise License from Local Authorities

  3. Audited Financial Statement for the last 3 years or the latest management accounts

  4. Bank statements for the last 3 months

  5. 2 quotations from preferred and comparison supplier

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