"Stone Forest Grant" - Provides up to 80% Support 

The "Stone Forest Grant" has been launched to offer support to Small and Medium Sized Enterprises (SMEs) with their day-to-day payroll and HR administrative processes. Under this scheme, SMEs can tap onto this initiative to make use of the PayDay! Technology Solutions to enhance productivity levels and improve efficiency of operations.

Eligibility Criteria:

  • Firm must be a new PayDay! products client.
  • Firm is categorised as an SME that:

    • Is registered & operating in Singapore;
    • Has a minimum of 30% local shareholding;
    • Has an annual sales turnover less than S$100 million, OR the company’s Group employment size is less than 200 employees.
Grants

Terms & Conditions:

  • Eligible firms will receive support of up to 80%, capped at an annual grant of S$30,000.
  • The grant is only applicable to small and medium-sized enterprises (SMEs).
  • The percentage of grant allocated will be determined by a review of the company’s supporting documents and KYC processing.
  • The grant will apply to the first year of implementation and annual subscription fee.
  • Government agencies and subsidiaries will be excluded from the grant support.