Business Accelerator Programme for Indian Small Business (I-BAP)

The Business Accelerator Programme for Indian Small Business (I-BAP) is a comprehensive assistance program designed to improve the capacities of small businesses via business consultancy services and financial support. This project funds a variety of capability-building activities to help MSMEs develop and expand their businesses locally and worldwide.

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Celebrating a significant milestone as we secure our grant approval with the guidance of our financial advisor. This meeting marks a new chapter in our journey towards achieving our dreams. 🌟💼 #FinancialSuccess #GrantApproved #CoupleGoals

Matching grant: 50% of qualifying costs (maximum RM100,000).

Eligibility criteria:

• Having a valid MSME Status Certificate

• Sales turnover reaches RM300,000 annually

• At least 60% native Indian ownership

• Having a valid business premises licence from the local authorities

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

- Complex documents: To ensure that you receive the grant, make sure your application has all the necessary supporting documents, such as project plans, financial projections, and technical reports.

Navigating the complexities of grant applications can be daunting, especially when it comes to documentation. Together, we are committed to overcoming these challenges and securing the support we need. 💪📄 #GrantApplication #Teamwork #IndianCouple

Companies that have received BAP 3.0 funding are unable to apply.

Note: How SMI Financing Guarantees an Easy Procedure:

• Open to all economic sectors EXCEPT those associated to primary agricultural, finance, insurance, real estate, and securities trading sectors (preference will be given to high growth businesses).

 Plese don't miss to view what grants available currently. Visit here

Why SMI Funding?

It is important to note that SMI Funding's Grant consultant not only organizes all the necessary paperwork but also submits the application along with the relevant documents. One of the most frustrating aspects of the grant application process is that clients often have to recount their story multiple times. However, SMI Funding’s advisor closely monitors the entire journey of the application as it moves from one department to another, ensuring the process stays on track and safely application reaches to approval and disbursements.

 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

Application

• Application is open from 7th October 2024 until the applications reach the maximum allocated commitment.

• Companies are encouraged to first apply for MSME Status

Lastly it's very important to remember, the rush of applications are growing day by day, once it's opened 7th October 2024 there is huge amount of applications are expected to be submitted and as soon as the allocation amount reaches the limit, the grant is likely to be closed.

So please hurry, give us a call or email us or visit here. We are looking forward. Thanks