Raffles Consulting Services

PSG in 2026: support cap, eligibility and the no-deposit rule

A practical guide to Productivity Solutions Grant eligibility, pre-approved solutions, the S$30,000 annual cap and purchasing sequence.

What PSG supports

The Productivity Solutions Grant helps local SMEs automate and improve productivity through sector-specific or generic IT solutions, equipment and selected consultancy that have been pre-approved by participating agencies.

Current support headline

Enterprise Singapore states that eligible local SMEs can receive support of up to 50% of qualifying costs, subject to a S$30,000 cap per company per year. The solution must be used in Singapore.

Core eligibility checks

  • The entity is registered and operating in Singapore.
  • At least 30% ultimate local equity is held by Singapore citizens or permanent residents.
  • Group annual turnover does not exceed S$100 million, or group employment does not exceed 200 employees.
  • The selected solution, equipment or consultant is supportable under the live programme.

The no-deposit rule

A retrospective application is not supported. The applicant must not make a payment or deposit before submitting the application. Obtain a compliant quotation first, confirm the correct pre-approved package and vendor, then apply through the Business Grants Portal before committing.

The applicant remains responsible

The company must apply for and manage the grant directly. Enterprise Singapore does not endorse compulsory application fees charged by third parties.