PSG Grant For Fleet Management Solutions (Up to 80% Support)
Eligible SMEs in Singapore can enjoy government subsidy for V3’s Fleet Management System.
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What is Productivity Solutions Grant (PSG)?
PSG is a local grant set up by IMDA’s SMEs Go Digital Program. It aims to provide funding for SMEs in Singapore seeking to adopt IT solutions to enhance their productivity and digitalise their business processes. By offering 80% funding, SMEs can gain major cost-savings on technology investments.
Invest in future-proof technology that boosts productivity
V3’s Fleet Management System (FMS) is available for the PSG Grant. Our solution falls under Fleet Management Solution on the SME Portal web’s list of pre-approved solution category.
About V3's Fleet Management System
1
Eligibility
SMEs can apply for PSG if they meet the following criteria:
- Business is registered and operating in Singapore
- Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
- Have a minimum of 30% local shareholding (for selected solutions only)
Grant Application Process
1. Check your eligibility
2. Get a quote from V3 Smart Technologies
3. Submit an application on the Business Grants Portal (BGP) using a CorpPass* account
Our solution experts will guide you through the required documents, quote and application process.
*Singpass is needed to register for CorpPass. There are 2 types of CorpPass IDs. Only director CorpPass can apply for grants.
Frequently Asked Questions
No, businesses must apply for PSG before making payment to the pre-approved vendor and signing any contract, else the PSG application will be rejected.
There is a grant cap of S$30,000 for each business entity between 1 April to 31 March of every year.
First-time purchases of the solution will be supported.
Subsequent purchases of the solution cannot be deployed at the same location used in the first-time purchase.
No, the solution and equipment can only be used by the applicant.
All submissions are required by government to be submitted by the business entity itself. However, our experienced solutions experts would be happy to guide you through the process.
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