PSG Grant Singapore: A Step-by-Step Guide to Getting Funded in 2025

PSG Grant Singapore: A Step-by-Step Guide to Getting Funded in 2025

Digitalisation is transforming how businesses operate around the world—and Singapore is leading the charge by empowering its small and medium-sized enterprises (SMEs) to embrace technology through government grants. One of the most impactful grants currently available is the Productivity Solutions Grant (PSG).

The PSG Grant supports businesses in adopting pre-approved digital solutions to enhance productivity. From accounting software to point-of-sale systems and digital marketing tools, the grant can cover up to 50% of qualifying costs.

If you’re looking to apply for the PSG Grant in 2025, this guide walks you through everything you need to know, step-by-step, so you can avoid delays and maximise your funding.

Step 1: Understand What the PSG Grant Covers

Before diving into the application process, it’s important to understand what the PSG Grant is and what it funds.

The Productivity Solutions Grant (PSG) is a government initiative led by Enterprise Singapore, in collaboration with other agencies such as IMDA, STB, and ESG. It helps SMEs adopt IT solutions and equipment that enhance productivity across key business functions.

The PSG supports solutions in categories such as:

• Accounting and Finance Software

• Human Resource Management Systems (HRMS)

• Customer Relationship Management (CRM)

• Inventory Management

• Point-of-Sale (POS) Systems

• Digital Marketing

• Cybersecurity Tools

• Remote Work Enabling Tools

• E-Commerce Solutions

All supported solutions must be pre-approved and listed on the GoBusiness Gov Assist portal.

Looking for personalised help to navigate your PSG journey? You can engage a specialist at GrantConsultant.sg to guide you through the entire process.

Step 2: Check Your Business Eligibility

Not all companies qualify for the PSG Grant. Your SME must meet the following criteria:

• Registered and operating in Singapore

• At least 30% local shareholding

• Annual sales turnover of less than S$100 million OR less than 200 employees

• Purchase or lease of the solution must be used within Singapore

It’s also important to note that you cannot make payment or sign a contract with the vendor before grant approval. Doing so will disqualify your application.

Step 3: Identify Business Needs and Choose a Pre-Approved Solution

The PSG Grant is meant to fund solutions that solve productivity issues in your business. Start by asking:

• What areas of my business are still manual or outdated?

• Are there bottlenecks in operations or customer service?

• What digital tools would help my staff work more efficiently?

Once you identify your gaps, visit the GoBusiness Gov Assist portal and browse pre-approved solutions by category or sector.

Popular categories in 2025 include:

• Cloud accounting software like Xero or QuickBooks

• CRM systems like Salesforce or Zoho

• POS systems for retail and F&B businesses

• Digital marketing packages

• HR software for payroll and leave management

Tip: Make sure the vendor you’re considering is listed as a pre-approved vendor. Only these vendors qualify for PSG support.

Step 4: Get a Quotation from a Pre-Approved Vendor

After shortlisting a solution, request a formal quotation from the vendor. This quotation must:

• Be itemised

• Include the vendor’s official letterhead

• Mention that the solution is PSG-approved

• Be dated within 6 months of application

Do not proceed to sign any contract or make a deposit before submitting your PSG application and receiving approval.

Step 5: Prepare Your PSG Application

The PSG application is submitted via the Business Grants Portal (BGP). To apply, you’ll need the following:

• CorpPass login (linked to your company UEN)

• ACRA BizFile Profile (dated within 6 months)

• Quotation from pre-approved vendor

• Description of how the solution will benefit your business

• Financial statements or management accounts (if applicable)

Once you have all the documents, go to businessgrants.gov.sg and follow these steps:

1. Log in with your CorpPass

2. Select “Apply for Grant”

3. Choose “Enterprise Singapore – PSG”

4. Fill in your company details

5. Upload your documents and submit

The process takes around 30 to 45 minutes if your documents are ready.

Need someone to handle it all for you? GrantConsultant.sg offers full application support for a stress-free experience.

Step 6: Wait for Grant Approval

After submission, Enterprise Singapore will review your application. The process typically takes 4 to 6 weeks, but may take longer during peak periods.

You may receive queries for clarification, so check your email regularly and respond promptly.

Do not proceed with any payment until you receive official notification that your application has been approved.

Step 7: Implement the Solution

Once you receive approval:

1. Sign the contract with the vendor

2. Make the payment (keep a copy of the receipt and bank transaction proof)

3. Deploy the solution in your business

4. Keep evidence of implementation, such as photos, reports, and screenshots

The PSG Grant requires proof that the solution is fully implemented and in use before you can claim reimbursement.

Step 8: Submit Your Claim for Reimbursement

You must submit your claim within 6 months of receiving the Letter of Offer. To do this:

1. Log in to the Business Grants Portal

2. Select your approved grant

3. Click “Submit Claim”

4. Upload the following:

   • Vendor invoice and receipt

   • Bank transaction record

   • Photos/screenshots of the implemented solution

   • A brief report on usage

5. Submit and wait for disbursement

If approved, reimbursement typically arrives within 4–6 weeks.

Bonus Tips to Maximise Your PSG Experience

• Stack Grants: Consider combining PSG with grants like the Enterprise Development Grant (EDG) or Market Readiness Assistance (MRA) for broader business development.

• Train Your Team: Ensure your staff is trained to use the new system for maximum ROI.

• Track ROI: Monitor improvements in productivity, cost savings, or customer experience to gauge the impact of your PSG investment.

Common Mistakes to Avoid

• Paying vendors before grant approval

• Choosing non-pre-approved solutions

• Missing claim submission deadlines

• Submitting incomplete or inaccurate documents

Each of these mistakes can result in delays or disqualification, so follow the process closely or get help from professionals.

Get Help from PSG Grant Experts

Applying for the PSG Grant can be time-consuming, especially if it’s your first time. The good news? You don’t have to do it alone.

At GrantConsultant.sg, we offer:

• Solution selection support

• Application and documentation guidance

• Full claims submission assistance

• Industry-specific advice to ensure compliance

With our help, you can focus on running your business while we handle the paperwork.

Final Thoughts

Digital transformation is no longer optional — it’s essential. The PSG Grant makes this journey easier and more affordable for Singapore SMEs. By following this step-by-step guide, you can apply with confidence and unlock funding support that drives real business growth.

Don’t let the complexity of the grant process hold you back.
Reach out to GrantConsultant.sg today and take the first step toward transforming your business in 2025.