CCF Special Grants
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The CCF Special Grants provide co-funding for specific schemes and projects. The funding quantum and caps are specified below:

 

Applicable Grants Funding Quantum  Cap at (per co-op)
Legal Services Grant (one-time grant for by-laws amendments) - valid till 1 Nov 2021+ 80%
of the actual expenditure

 $1,500
(one-time)
     

Outsourced Internal Audit Grant (credit co-operatives only) Tier A: $8,000

Tiers B, C & D: $15,000

Minimum Competency Training Grant (for approved credit co-operative officers only) - valid till 1 Nov 2022 100%
of the actual expenditure
No Cap

PDPA* Grant - valid till 31 Mar 2023

  • Credit co-ops - to co-fund qualifying PDPA expenses incurred from 1 Apr 2019; and
  • Non-credit co-ops - to co-fund qualifying PDPA expenses incurred from 1 Feb 2020
80%
of the actual expenditure

No DPTM* certification: $30,000
(cumulative)

DPTM certification: $40,000
(cumulative)

Cybersecurity Grant (for ABCD solution) 80%
of the actual expenditure

$10,000


* PDPA refers to Personal Data Protection Act 2012 and DPTM refers to the Data Protection Trustmark (issued by Infocomm Media Development Authority).

+ The Legal Services Grant is valid till 1 Nov 2021 (one year extension from the original date of 1 Nov 2020).

PDPA Grant - To underscore the importance of complying with the PDPA and to better support credit co-operatives in managing members’ personal data, the PDPA grant is available to credit co-operatives from 1 April 2020 to co-fund PDPA-related expenditure, such as consultancy, audit, legal advice and DPTM expenses. To recognise credit co-operatives’ earlier efforts to implement PDPA measures, credit co-operatives can claim for PDPA expenses incurred from 1 April 2019.

Changes to the PDPA Grant (with effect from 1 February 2021):

  • The PDPA Grant is open to all co-operatives which fulfil the prerequisites and conditions listed below. Before 1 February 2021, the PDPA Grant was only applicable to credit co-operatives.
  • Grant applications can be made for PDPA-related training expenses in addition to other qualifying expenses i.e.: (i) consultancy and audit; (ii) legal advice; and (iii) application fees and assessment fees for the DPTM. This change is retrospectively applied to credit co-operatives, i.e. applications for training expenses incurred from 1 April 2019 are eligible for reimbursement if the grant criteria are met.
  • Where an expense item is partly funded by other grant(s), a co-operative can apply for 80% of the unfunded balance amount of expense under the PDPA Grant. This change is retrospectively applied to credit co-operatives, i.e. applications for unfunded balance amount of expense incurred from 1 Apr 2019 are eligible for reimbursement if the grant criteria are met.

Cybersecurity Grant - The Cybersecurity Grant provides recurring co-funding for co-operatives to subscribe to the Cyber Security Agency’s (‘CSA’) Call for Innovation awarded Asset-Based Cyber Defence (‘ABCD’) Security-as-a-Service (‘SaaS’) cybersecurity solution.[1] The ABCD solution is offered by Managed Security Service Providers (‘MSSPs’).[2] MSSPs provide outsourced monitoring and management of security devices and systems (e.g. security protection, security monitoring, and responding to alerts and cybersecurity incidents).

 

Prerequisites and Conditions

a.   The Co-operative must be registered with the Registry of Co-operative Societies. 

b.   Except for the PDPA Grant and the Cybersecurity Grant, the CCF Special Grants are also available to co-operatives with negative net worth and/or did not contribute to the CCF due to operating deficits based on their latest audited financial statements.

c.   (i) For the PDPA Grant, the Co-operative shall declare if it will be applying for, has applied for, is receiving, or has received any grant from a government agency and/or other organisation for the same expense item. Where the expense item is partly funded by other grant(s), the Co-operative will only be eligible to apply for 80% of the unfunded balance amount of expense under the PDPA Grant.

(ii) For the other Special Grants, the condition is that the Co-operative is not receiving or has not received any grant from a government agency and/or other organisation for the same expense item.

(iii) The Co-operative may also tap on the CCF Development Grant to fund the portion of expense not covered by the Special Grants. For example, a credit co-operative can claim 80% of the outsourced internal audit expense from the Outsourced Internal Audit Grant under the CCF Special Grants and the remaining 20% from the CCF Development Grant. 

d.   Endorsement from the Co-operative’s Committee of Management indicating their support for application.

e.   For goods or services above $3,000 in value, the Co-operative needs to show that it has obtained a minimum of three quotations from vendors of comparable scope. 

f.    Grant applications submitted are for expenses incurred not more than 12 months ago (except for credit co-operatives’ applications for training expenses and unfunded balance amount incurred from 1 April 2019 under PDPA Grant).

g.   The Co-operative must not have outstanding CCF contributions or late payment penalties.

h.   Grant must only be used for the Co-operative’s expenses. It cannot be used for its subsidiary (if any) that is registered as a company.

i.    The Co-operative must submit the invoice and proof of payment to the vendor.

j.    For legal, outsourced internal audit, consultancy, cybersecurity and other professional services, the Co-operative must provide the contract or agreement with the vendor.

k.   For Outsourced Internal Audit Grant, the scope of audit must include members’ deposits and/or loans.

l.    For the Minimum Competency Training Grant, the Co-operative must provide a certificate of attendance or other documentary proof upon completion for the short-term course; and a copy of professional certification, diploma or degree for the long-term course,

m.  The Cybersecurity Grant covers expenses incurred to subscribe to the ABCD solution, including software, hardware, professional services, training, etc. The Co-operative need not submit the minimum of three quotations so long as the selected vendor is an MSSP providing the CSA’s ABCD solution.

 

Application

To apply, please download application form and submit:

  1. Following worksheet tabs in the Application Form*:
    • CCF Special Grant Front Page
    • CCF Special Grant - Summary
    • Any other tabs applicable
    • (Kindly ensure every single worksheet tab submitted is signed)
  2. Supporting Documents e.g. invoices, receipts, certificates etc.

Completed documents are to be sent via email to your respective Relationship Manager (SNCF affiliates) or email us.
Alternatively, you can send via post to:

=================

Attn: CCF Secretariat

Singapore National Co-operative Federation 
510 Thomson Road 
#12-02 SLF Building 
Singapore 298135

=================

CCF Special Grant 2021 Final

 

[1] ABCD is a cost-effective, holistic solution that implements the CSA Be Safe Online Essentials (which are CSA’s guidelines on essential cybersecurity measures) and deals with common attacks like ransomware and phishing attacks using malicious files that are opened at an organisation’s endpoints. It integrates various components such as multiple anti-virus engines, anti-malware analytics, application control engine, entity and user behavior analytics, encryption mechanism, etc.

[2] As at Jul 2021, there are two MSSPs for ABCD, Lumen Technologies and Toffs Technologies. They have different pricing policies due to their respective business models and not due to the cost of the technical solutions.

 

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Singapore National Co-operative Federation
510 Thomson Road #12-02
SLF Building, Singapore 298135
Email:
Tel: 9820 5730
 

 

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