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This is an Education loan scheme to enable the ST students to meet expenditure for pursuing technical and professional education including Ph.D. in India. Under this scheme, the Corporation provides financial assistance up to ₹10.00 lakh per eligible family at concessional rate of interest of 6% per annum.
The first urea subsidy scheme was in 1977 in the form of Retention Price cum Subsidy scheme (RPS). From ₹ 4,389 crore (US$2.51 billion) in 1990 to ₹ 75,849 crore (US$17.43 billion) in 2008. As %ofGDP this is an increase from 0.8% to 1.5%. In 2022-23 financial outlay is ₹ 63,222 crore (equivalent to ₹ 710 billion or US$8.2 billion in 2023).
Low-interest loans for students. [51] Baristha Nagarika Tirtha Jatra Jojana: July 2016: Tourism Department: Tourist Welfare: The scheme is envisaged to help senior citizens over 60–75 years of age to undertake pilgrimage on trains with government assistance [52] ଉଜ୍ଜ୍ବଳ ଯୋଜନା Ujjwal Scheme: 7 April 2016
Deen Dayal Upadhyaya Antyodaya Yojana or DDUAY is one of the Government of India scheme for helping the poor by providing skill training. It replaces Aajeevik. The Government of India has provisioned ₹ 500 crore (US$58 million) for the scheme. The objective of the scheme is to train 0.5 million people in urban areas per annum from 2016.
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 ...
The effect of a subsidy is to shift the supply or demand curve to the right (i.e. increases the supply or demand) by the amount of the subsidy. If a consumer is receiving the subsidy, a lower price of a good resulting from the marginal subsidy on consumption increases demand, shifting the demand curve to the right.
The average all-India recovery rate for these non-merit goods/services is just 10.3%, implying a subsidy rate of almost 90%. The macroeconomic costs of unjustified subsidies are mirrored in persistent large fiscal deficits and consequently higher interest rates.
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 ...