"The enhanced enterprise financing scheme, income tax rebates and an extension of SkillsFuture Enterprise Credit to 2025 were announced in Singapore's 2024 budget on Feb. 16.
A swathe of measures were rolled out to help SMEs. Companies that hired at least one local employee in 2023 will receive a minimum of $2,000 in cash payouts as part of the new $1.3 billion Enterprise Support Package, which also includes an enhanced Enterprise Financing Scheme.
Under the enhanced Enterprise Financing Scheme, the government will help small- and medium-sized enterprises (SMEs) adopt green solutions.
