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Subsidy

A subsidy or government incentive is a form of financial aid or support extended to an economic sector generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies.

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A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut. In economic theory, subsidies can be used to offset market failures and externalities to achieve greater economic efficiency.
Ttypes of subsidy:

  • - Amended Technology Upgradation Fund Scheme (ATUFS)
  • - Integrated Development of Leather Sector (IDLS) Scheme
  • - Credit Linked Capital Subsidy Scheme for Technology Upgradation (CLCSS)
  • - Technology & Quality Upgradation Support for MSMEs (TEQUP)
  • - Government Subsidy for Small Business for Cold Chain
  • - Extension of Financial Assistance to Coir units in the Brown Fibre sector
  • - Scheme for Extension of Financial Assistance for Generator Set / Diesel Engine
  • - Marketing Assistance Scheme by NSIC
  • - Support for Entrepreneurial and managerial development of SMEs
  • - Lean Manufacturing competitiveness schemes for MSMEs
  • - Solar Energy Scheme for Power looms
  • - Digital MSME” Scheme for promotion of Information and Communication Technology (ICT) in MSME Sector

Service benefits

A subsidy is financial support used to promote both social and economic policies so that a country's businesses can continue to produce goods that will be affordable. Subsidies come in the form of cash, including interest-free and low-interest loans, grants, insurance, tax breaks and rent rebates.

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