[Krista Hiles]

Listed below are the eligibility requirements for the several MSME government programs in Singapore:

(EDG) Enterprise Development Grant

1. The business must be officially registered and operational in Singapore.
2. The firm must possess 30% of the stock.
3. Financial stability is required to initiate and complete the project.

(MRA) Market Readiness Support

1. The company is registered and established in Singapore.
2. A new approach to the market that is a global target location for which the applicant’s overseas sales in the preceding three years are at most S $ 100,000.
3. The business must possess 30% of the stock.
4. Group Sales Revenues must not surpass $100 million annually.
5. The firm’s workforce size cannot exceed 200 employees.

(PSG) Productivity Solutions Grant

1. The company must be incorporated and registered in Singapore.
2. Singaporean nationals and permanent residents have at least 30 percent of local stock ownership.
3. Hired a PMET within the last three months, prior to program enrollment, at a gross monthly compensation of $2,500.

(SFEC) SkillsFuture Enterprise Credit

1. Have contributed at least S$750 in Skills Training charge during the course.
2. Have hired at least three Singaporean nationals or permanent residents.
3. All of the following applications have to satisfy the requirements.

(BIF) Business Improvement Fund

1. The Business Improvement Fund is available to all Singapore-registered businesses and corporations launching tourism-focused projects.