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The subsidy for kerosene, started in the 1950s, was slowly decreased since 2009 and eliminated in 2022. [ 11 ] [ 12 ] [ 13 ] Implementation of government schemes varies between schemes, and locations, and depends on factors such as evaluation process, awareness, accessibility, acceptability, and capability for last-mile implementation. [ 14 ]
The features of Pradhan Mantri Awas Yojana are that the government will provide an interest subsidy of 6.5% (for EWS and LIG), 4% for MIG-I and 3% for MIG-II [11] [12] on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme (CLSS) from the start of a loan. The houses under Pradhan Mantri Awas ...
Subsidies take various forms— such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services. [2] For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to ...
Some of the major initiatives taken so far to rationalise the budgetary subsidies include targeted approach to food subsidy (BPL families) under Public Distribution System, allowing Food Corporation of India (FCI) to access market loans carrying lower interest rates, encouraging private trade in food grains, liquidating excess food grain stocks ...
In 2016, MPOWER opened an India office, in Bangalore. [9] In July 2017, Mpower Financing's services became available in all 50 states due to a partnership between the company and Bank of Lake Mills. [10] In August 2017, Mpower Financing announced a $100 million debt round in order to offer more student loans. [10]
If the capacity is more than 30,000 tonnes or less than 100 tonnes then subsidy will not be given under this scheme. Subsidies will also be provided in some special cases up to 50 tonnes capacity. Subsidy will also be provided to rural warehouses with a capacity of 25 tonnes in hilly areas. The loan repayment period under this scheme is 11 ...
The National Education Policy 2020 introduced the 5+3+3+4 education structure in India, where students will spend 5 years in the foundational stage, 3 years in the preparatory stage, 3 years in the middle stage, and 4 years in the secondary stage, with a focus on holistic development and critical thinking.
Joint Liability Group is a group of 4-10 people of the same village or locality of homogenous nature and of the same socioeconomic background who mutually come together to form a group for the purpose of availing loan from a bank without any collateral.