PSG Grant (Productivity Solution Grant) is undoubtedly one of the best opportunities offered by the government of Singapore. And it should be accepted by all those firms and companies eligible for the PSG grant application. However, it should be noted that before applying for PSG Singapore, just knowing its benefits, you should know whether your firm or company is eligible for a PSG grant or not?

This is an excellent move by the Singapore government, as it recognizes that businesses need to be more productive to compete in the global marketplace. The PSG will go a long way in helping businesses to adopt new productivity solutions and improve their bottom line.

Now the question is, how do you know whether your firm is eligible or not? To help you with that, here we have mentioned everything you need to know regarding your firm's eligibility.

Before applying for PSG Singapore, you need to check whether your firm or company is a government-approved industry for the PSG grant. Your industry must be on the list of PSG-approved industries to avail of services from a PSG-approved vendor. No company or firm outside the government-approved industry list can apply or be eligible for a PSG grant.

The other eligibility criteria are that your business should be registered in and under the law of Singapore. Not only that, but it should be operating in Singapore itself. No business registered outside Singapore is eligible. Similarly, No MNC is eligible for the PSG grant offered by the government of Singapore.

It should be noted that the PSG grant is available for SMEs (Small and Medium enterprises). Therefore, only SMEs can benefit from becoming a PSG pre approved vendor. In addition, any SME with an annual sales of less than S$100 Million can apply for a PSG grant, but no SME with annual sales of more than S$100 million is eligible for a PSG grant.

The Bottom Line is that your business should follow all the points mentioned above to avail of the benefits of the PSG grant offered by the government of Singapore. Then, if all the conditions are met, you can apply for a PSG grant and help your business elevate. First, you can learn more in detail by visiting the MediaOne marketing website.