Define Subsidy and why it is used ?
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Subsidy is a transfer of money from the government to an entity.
It is a part of non-plan expenditure of the government. Majorsubsidies in India are petroleumsubsidy, fertiliser subsidy, foodsubsidy, interest subsidy, etc.
It is a part of non-plan expenditure of the government. Majorsubsidies in India are petroleumsubsidy, fertiliser subsidy, foodsubsidy, interest subsidy, etc.
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A sum of money granted by the state or a public body to help an industry or a keep the price of a low commodity aur service low.
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