Productivity Solutions Grant (PSG)
Financial support for business owners to adopt pre-scoped IT and consultancy solutions to improve productivity.
What is Productivity Solutions Grant (PSG)?
The Productivity Solutions Grant (PSG) helps Singapore companies improve their productivity and automate existing processes through IT solutions, equipment and consultancy projects from a pre-approved list of vendors.
There are generally 2 types of PSG solutions which are relevant to all sectors:
- PSG for IT Solutions
- PSG for Consultancy
Who is it for?
Companies incorporated and operating in Singapore, across all sectors.
PSG for IT Solutions
At least 30% local shareholding
Group Annual Sales Turnover not exceeding S$100 million OR Group employment size not exceeding 200 employees
PSG for Consultancy
At least 3 local employees
What is the funding amount?
Eligible companies can receive up to 50% funding for pre-approved PSG solutions.
Candidate Age
Funding Rate
PSG for IT Solutions
Up to 50% of eligible costs for eligible local SMEs, capped at $30,000 per company per year
- For pre-approved solutions under the IMDA SMEs Go Digital programme
- Refreshes on 1 April every year. This means that if you have not fully utilised the $30,000 PSG funding for the year, any balance amount will be forfeited, and replaced with a fresh $30,000 budget allocation on 1 April.
PSG for Consultancy
Up to 50% of eligible costs, capped at $30,000 per company one-time
- For Job Redesign Consultancy projects from vendors pre-approved by Workforce Singapore (WSG)
- For SMEs: Up to 50%
- For non-SMEs: Up to 30%
- PSG funding for Consultancy does not refresh on an annual basis.
Eligible companies can receive a one-off $10,000 SkillsFuture Enterprise Credit (SFEC) to cover up to 90% of out-of-pocket expense after PSG funding.
Illustrative Example
- Pre-Approved Solution: HR Shared Services (HRSS) by hrSG
- Pre-Approved Package Price: $12,000 for one year of HRSS, for up to 30 employees
- PSG Funding for eligible SMEs: 50% * $12,000 = $6,000 PSG Funding
- SFEC Funding for eligible SMEs: 90% * $6,000 = $5,400 SFEC Funding
- Net Cash Outlay after PSG & SFEC Funding: $12,000 - $6,000 - $5,400 = $600 for one year of HRSS
Check Your Eligibility & Funding Amount
HR & Recruitment Pre-Approved PSG Solutions under WorkJoy group of companies
SMEs are eligible for up to 50% Productivity Solutions Grant (PSG) support for the adoption of the following Pre-Approved Solutions under the IMDA SMEs Go Digital programme. SMEs may also be eligible for SkillsFuture Enterprise Credit (SFEC) to defray up to 90% of the balance out-of-pocket expenses, up to $7,000 (for HRSS) and up to $10,000 (for JR Consultancy).
HR Shared Services (HRSS)
Get your monthly payroll & HR administration managed, including CPF, leave management, expense claims, attendance tracking, clock-in-clock-out, IRAS IR8A filing, and more.
Simplify your HR with hrSG’s end-to-end service — supported with our HR management software.
Job Redesign (JR) Consultancy
In partnership with NTUC LearningHub, a pre-approved JR Consultancy Provider.
Transform your business & workforce to driving business growth. Hire and retain good talent by making jobs more productive & attractive for employees through redesigning work processes, tasks and responsibilities.
Frequently Asked Questions
If your company is eligible for PSG, you can apply for multiple PSG pre-approved solutions concurrently as long as they are for different scope of services / activities supported.
- For IT solutions (HRSS and ATS): Support can be extended for one package per solution category per deployment location. Deployment locations are defined based on postal code (i.e. different unit numbers with the same postal code will be deemed as the same deployment location)
- For consultancy (JR): Support can be extended for multiple packages up to the funding cap of $30,000 per company.
Book a discover call to find out about our pre-approved HR & Recruitment PSG solutions
Discover how your business and HR processes could be transformed, with PSG funding support.