Questions to Ask Before Applying for the Productivity Solutions Grant (PSG)

If you are running a small or medium-sized business in Singapore, chances are you already know about the Productivity Solutions Grant (PSG).  In a nutshell, the productivity solutions grant PSG is a grant that supports local SMEs that want to utilize IT solutions to improve their business operations. When you decide to count on a pre-approved PSG vendor, your local business project cost subsidized by up to 70%.

But as is the case with any other type of grant you decide to take in Singapore, you need to have an insight into what you are dealing with in the first place. Fortunately, we are here to lend you a helping hand. Below are some of the questions to ask before applying for the productivity solutions grant.

How Long Does It Take for My Application to be Processed?

Before giving this digital marketing grant Singapore a try, it is in your best interest to know how long it takes before your application is processed. To give you a tip of the iceberg, the turnaround time for a PSG application is up to six weeks. However, most applications get processed within four to six weeks from the day you submit your application. The good news is you can always speed up the application process by making sure the submitted quotations and invoices are the same as the pre-approved price packages.

What Documents Do I Need to Sign up for a PSG Grant?

It is also essential that you know about the documents needed to sign up for the PSG grant in Singapore. Well, this is something that should never give you sleepless nights since you can access this information online without moving a muscle. Among the documents you need to have with you include, a quotation from pre-approved vendor, CorpPass and certificate of Incorporation or other company information as required.

The Bottom Line

These are just but some of the must-ask questions before you finally make up your mind to apply for the PSG grant in Singapore. You want to be sure your decision is well-informed, and this is only possible if you clear all the doubts in your mind. After all, there is no way you can fill the PSG claim blindly and still expect to reap maximum benefits. Be sure to check out MediaOne official website to better understand the PSG funding.

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