Productivity Solutions Grant (PSG) for Financial Services Sector
Find out more about PSG for the financial services sector which provides funding support for smaller financial institutions to adopt regulatory reporting solutions from pre-approved managed service providers.
The Productivity Solutions Grant (PSG) supports businesses in the adoption of pre-scoped solutions or equipment that improves productivity. It is coordinated by the Ministry of Trade and Industry’s Grants Management Office and administered by the respective sector-lead agencies. For the full list of supportable solutions under PSG, businesses may refer to
30% of qualifying expenses including:
- One-time set up costs,
- Subscription costs for two years
Three years starting from 26 October 2020 to 25 October 2023.
Who is eligible
Singapore-based financial institutions with not more than 200 employees. Currently open to banks only.