Productivity and Efficiency Joint-Funding for Digital Adoption (PENJANA) Scheme aims to encourage the adoption of digital solutions by MSMEs through financial funding to a portion of the solutions total cost.
With the adoption of digital solutions, it is hoped that MSMEs would be able to scale their businesses, reduce operating cost and improve productivity managing her resources efficiently.
Objectives
Who can apply?
Funding Support
AITI will provide funding support for the local MSMEs in the form of subsidised subscription fees. The applicant may choose from list of pre-approved solution package as listed by AITI. The amount of funding is based on the Annual Turnover1 of the business, with funding cap of B$5,000 for each MSME, as follow:
| MSME's Average Annual Turnover | AITI Funding |
|---|---|
| Above B$100,000 | 50% of total annual cost |
| B$50,000.10 - B$100,000 | 60% of total annual cost |
| Up to B$50,000 | 70% of total annual cost |
The funding will only be made available for one year.
Example Illustration
For Point of Sale Digital Solution for standard or basic package costing B$2000:
| MSME's Average Annual Turnover | AITI Funding | Cost to MSME |
|---|---|---|
| Above B$100,000 | B$1,000 (50%) | B$1,000 (50%) |
| B$50,000.10 - B$100,000 | B$1,200 (60%) | B$800 (40%) |
| Up to B$50,000 | B$1,400 (70%) | B$600 (30%) |
1 Annual Turnover is defined as the total sales for a period of one (1) year.
Note: Annual Turnover is not the same as profit. Profit is the amount of turnover remaining after all business expenses have been deducted. In comparison, turnover is generally the gross amount of income received by the business.
Pre-approved Digital Solutions
To be eligible for the PENJANA scheme, AITI works with local ICT companies to select readily available digital solutions that can be utilised across various industry sectors. They must be cost-effective, market-tested, and meet the requirements set under the scheme.
Currently, there are six categories offered:
1. Accounting
These solutions assist staff and accountants in recording and summarising a company’s financial activities.
| Company | Solution(s) |
|---|---|
| Cendana Lite Package Cendana eStarter Package Cendana eSoho Package Cendana eRetail Package Cendana eCorporate Package |
2. Digital Point of Sale (POS) System
Digital Point of Sale (POS) systems record sales entries, maintain customer relations, upkeep inventory, and provide sales reports and analysis for both stand-alone and multi-outlets operations.
| Company | Solution(s) |
|---|---|
| Kedai.POS 360 Basic Plan Package |
| Cendana eRetail + POS |
| WEBPOS System V2 |
3. E-commerce
E-commerce solutions enable users to enhance their online presence through an online e-commerce website with content management, online leads analysis, and online transaction management capabilities.
E-commerce website
An e-commerce website allows people to buy and sell physical goods and services over the internet.
Marketplace
An e-commerce marketplace is a place or website where one can find different product brands from multiple vendors showcased on the same platform.
4. E-payment
E-payments are electronic or digital way of transferring funds. Essentially, e-payment methods can be utilised to transfer funds as an alternative to cash payments.
5. Human Resource Management System (HRMS)
Human Resources Management System is a suite of software applications used to manage human resources and processes throughout the employee lifecycle.
| Company | Solution(s) |
|---|---|
| Cendana eSoho Package Cendana eCorporate Package |
| Track and Roll HRMS 2022 |
| BIPO Human Resource Management System |
6. Customer Service Management
Customer Service management is the process of managing any aspects relating to customer services. One of the categories that is provided under PENJANA is Queue Management System.
Queue Management System
AITI plans to offer more categories of digital solutions and invite other companies to participate in PENJANA Scheme as part of the selected pre-approved digital solutions providers.