An ultimate guide to Productivity Solutions Grant (PSG)

Important update: From 30 September 2026, Singapore's Productivity Solutions Grant (PSG), Enterprise Development Grant (EDG) and Market Readiness Assistance (MRA) schemes transitioned to the new EDGE Grant framework. Businesses can no longer submit new PSG applications. Existing PSG applications and approved projects will continue to be processed under the former scheme's requirements.

Pepper Cloud will continue to keep businesses informed about the changes affecting digitalisation funding. Read our comprehensive guide to the EDGE Grant in Singapore to understand the new funding framework and how to identify relevant support.

In today's fast-paced business landscape, productivity is key to success, especially for small and medium-sized enterprises (SMEs). The good news is that the Singapore government offers various grants to support SMEs, one of which is the Productivity Solutions Grant (PSG).

Singapore's Productivity Solutions Grant (PSG) previously helped eligible SMEs adopt pre-approved IT solutions and equipment to improve productivity. It supported businesses looking to digitalise their operations without bearing the entire cost of eligible solutions themselves.

However, PSG is no longer open to new applications from 30 September 2026. Its transition to EDGE marks a change in how businesses access government funding for digitalisation and other growth initiatives.

What is Productivity Solutions Grant (PSG)?

The Productivity Solutions Grant (PSG) is a Singaporean government grant that aims to support small and medium-sized enterprises (SMEs) in their efforts to increase productivity and efficiency. The PSG provides funding support to SMEs to help them adopt technology solutions, equipment, and consultancy to enhance business processes.

• Consultancy: The PSG Grant provides funding for a range of activities, including consultancy services. You can apply for money to help pay for the cost of hiring a consultant if you need assistance with your business strategy or marketing. The PSG Grant can lower the cost of consulting services, which can be very useful in launching your firm.
• IT Solution: The Productivity Solutions Grant (PSG) Singapore encompasses a broad range of IT solutions, such as hardware, software, and associated services and support. This means that companies can leverage the grant to upgrade their existing systems, implement new technologies (such as CRM, HR Systems, etc.), or integrate IT into their operations. Additionally, the grant can be utilised to cover the expenses of training employees on new IT systems. Ultimately, the PSG Grant enables businesses to adopt more user-friendly and cost-effective IT systems, thereby enhancing their competitiveness and overall profitability.
• Equipment: The Productivity Solutions Grant (PSG) in Singapore provides a diverse selection of equipment suitable for various industries. Moreover, the PSG also offers specialised equipment tailored to meet the specific needs of each business. PSG can cater to any equipment requirements that a company may have, ensuring that it can operate smoothly and efficiently.

The PSG funding can cover up to 50% (as of 1st April, 2023) of the cost of eligible solutions yearly, making it easier for SMEs to adopt new technologies and improve their business operations without incurring significant financial burdens. The funding is available for a wide range of productivity solutions, including IT solutions, equipment and hardware solutions, software solutions, training and consultancy services, and other solutions.

What is the grant amount?

The grant amount is up to S$30,000 and covers up to 50% of qualifying costs.

Are you eligible for the PSG?

Before you initiate the PSG application process, you should know if your business entity is eligible for the PSG.

To qualify for the PSG grant, your business must fulfil the following criteria:

• The company should be registered/incorporated in Singapore.
• The company should have at least 30% local shareholding.
• The group annual sales turnover of the company should not be more than S$100 million, or the company’s group employment size should not be more than 200 workers.
• Purchased/Subscribed IT Solution must be used in Singapore.

These criteria applied to the former PSG framework and should not be treated as a complete eligibility checklist for EDGE. For new projects, businesses should review the relevant EDGE activity requirements.

What are the required documents for the PSG application?

If you are eligible and you are keen to apply for the grant, get ready with the necessary documents. Here is a list of required documents for filing a PSG application successfully.

• A quotation for a pre-scoped solution from a pre-approved vendor.
• The company’s financial statements for the past three years.
• A copy of the latest ACRA.

How to apply for PSG?

If you have your documents ready and you are all set to apply for the PSG, here are a few steps to guide you on how to apply. The following steps describe the former PSG process. They are provided as a reference for companies with applications submitted before the transition and are not instructions for submitting a new PSG application.

• Research and find pre-approved IT Solution vendors.
• Choose an IT solution vendor that suits your business needs.
• Get a quotation from a pre-approved vendor
• Log into Business Grants Portal and submit your application.

Accept Letter of Offer

After your application is processed, wait for approval from Enterprise Singapore. Once the approval is granted, you can log into the Business Grants Portal and accept the letter of offer.

Carry on with your Project

Complete your software implementation and training in a stipulated time frame. You should use and experience the deployed software solution for at least one month before you file for a claim.

File for Claim

If you are ready to submit your claim, ensure that your company meets these criteria:

• The business entity has used the mentioned solution for one full month.
• The business entity has paid the entire amount for the solution
• The business entity has submitted all the documents mentioned below.

Documents required during the claim process:

• Invoice and receipts from the vendor
• Bank Statement showing payment is made to the vendor in full.
• Screenshot showing the licence number of the software
• Usage report for at least one month.

Remember, disbursements will be made only after the claims have been approved.

How to Submit Claims

Once you have all the required documents handy, follow the steps below.

• Log into Business Grants Portal.
• File a claim by providing details such as contact details and uploading documents.
• Complete the declaration section and submit your application.

Once the claim is processed, the amount will be transferred to the designated account of your company, using GIRO.

Important points to remember

1. Identify the business problem they want to solve.
2. Review the relevant EDGE activity under Automation and Digitalisation.
3. Check the official SMEs Go Digital CRM category for currently listed solutions.
4. Confirm the solution package, vendor quotation and supported costs.
5. Check eligibility and application requirements before starting work or making a payment or deposit.
6. Submit the application through the Business Grants Portal using the company's authorised Corppass account.

Top Most Frequently Asked Questions

1. Is the PSG Grant still available in Singapore in 2026?

No. The Productivity Solutions Grant (PSG) ceased accepting new applications from 30 September 2026. Businesses planning new projects should explore the relevant EDGE Grant activity instead. Existing PSG applications and approved projects continue to be processed under the former scheme's requirements.

2. Why was the PSG Grant replaced by the EDGE Grant?

The EDGE Grant brings together the former PSG, Enterprise Development Grant (EDG) and Market Readiness Assistance (MRA) schemes under one framework. It allows businesses to explore funding according to their needs, including digitalisation, automation, business development and internationalisation.

3. Can I still claim my PSG Grant if I applied before 30 September 2026?

Yes. Applications submitted before 30 September 2026 continue to be assessed under the relevant former scheme's requirements. Existing approved PSG projects can proceed to completion and claim submission according to their applicable conditions.

4. Can I submit a new PSG application for CRM software?

No. New PSG applications are no longer accepted. If your company wants to adopt CRM software, review the relevant EDGE activity and check whether your preferred solution is currently listed and eligible.

5. How much funding did the PSG Grant provide?

Under the former Enterprise Singapore-administered PSG framework, eligible local SMEs could receive up to 50% support for qualifying costs, subject to the applicable conditions, with an annual grant cap of S$30,000 per company.

These figures describe the former PSG scheme. Funding for new projects under EDGE is determined by the selected activity, applicable funding rate, eligible costs and grant limits.

6. What is the maximum grant amount under EDGE?

EDGE provides up to S$100,000 in total grant support per company per year across eligible activities. Within this limit, up to S$30,000 can be used for single-function digital solutions, integrated enterprise systems and pre-scoped equipment.

7. Can a company that previously received PSG funding apply for EDGE?

Yes. A company that previously applied for or received PSG funding may apply for EDGE for a new eligible project, subject to the relevant conditions.

8. How long does EDGE Grant approval take?

Processing time varies depending on the activity. Businesses should check the current activity page for the published application timeline rather than relying on the former PSG processing estimate.

9. Where can I find the latest information about the EDGE Grant?

Visit the official EDGE Grant website for the available activities and funding conditions. You can also consult the EDGE Grant FAQs for eligibility, application, claim and transition information.

How can Pepper Cloud help you?

We, at Pepper Cloud CRM, help our customers to avail all applicable grants and assist in digitalising the business operations by implementing CRM. Get in touch with us for a free consultation.

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