what is subsidy ......?
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The Government concession to the weaker sections of The society is known as subsidy.
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Subsidies is a monetary value given by the government to private or economic sections for specific projects and products to make them affordable. In India, a subsidy amount for common people depends upon their family income. For example, crores of people receive LPG cylinders & kerosene on a subsidized cost in India.
Higher studies, medical treatment, and senior citizen schemes are provided subsidy in India. For industries, the governments offer subsidy in electricity bills and some taxes to reduce their burden to some extent.
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