Applications Open for the Department of Small Business Development Asset Assist Programme (Grants Up to R250 000)

Applications Open for the Department of Small Business Development Asset Assist Programme (Grants Up to R250 000). If you’re a micro, small, or medium enterprise in need of a boost this is your chance. The Department of Small Business Development (DSBD) is re-launching the Asset Assist Programme which was previously implemented through the Small Enterprise Development and Financial Agency (Sedfa)

Micro, Small, and Medium Enterprises (MSMEs) are hereby invited to submit applications for the programme. They will be assisted with machinery, equipment, working capital and acquisition of raw material to the maximum value of R250 000. Only 20% of the total grant, applied for may be used for raw materials and stock.

All qualifying MSMEs including those who applied in the previous Call for Applications but did not get the financial support are invited to re-apply.

Eligibility Criteria

To qualify, applicants must:

Be South African-owned MSMEs registered with the Companies and Intellectual Property Commission (CIPC)
Be tax compliant with SARS
Be sole proprietors or registered companies (co-operatives are excluded)
Have an annual turnover of R1 million or less
Not have previously received funding through this specific programme