Subsidy

Tax Glossary Definition

Subsidy

A subsidy is a monetary or non-monetary incentive granted by the government to individuals, businesses, or sectors with the purpose of promoting specific economic or social objectives. Such support can appear as cash transfers, tax reliefs, concessional loans, or price stabilization programs. Governments provide subsidies to stimulate production, encourage investment, enhance public welfare, and support key industries such as agriculture, renewable energy, and education.

Example: For instance, the Government of India offers fertilizer subsidies to farmers, lowering production costs and helping sustain agricultural output.

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