Subvention

Tax Glossary Definition

Subvention

A subvention is a financial grant or aid provided by a government or public authority to support an organization, institution, or project in specific sectors such as education, agriculture, housing, science, or the arts. Its purpose is to lessen financial pressure, promote development, and encourage participation in targeted economic or social initiatives. The term can also denote the act of providing such assistance.

Example: The Government of India offers interest subvention schemes to farmers and homebuyers, where a portion of the loan interest is borne by the government to make credit more affordable.

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