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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).
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 ...
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.
Student financial aid (or student financial support, or student aid) is financial support given to individuals who are furthering their education. Student financial aid can come in a number of forms, including scholarships, grants, student loans, and work study programs. Each of these methods of providing financial support to students has its ...
Rashtriya Madhyamik Shiksha Abhiyan (RMSA) (translation: National Mission for Secondary Education) is a centrally sponsored scheme of the Ministry of Human Resource Development, Government of India, for the development of secondary education in public schools throughout India. It was launched in March 2009.
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
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 ...
Direct Benefit Transfer [a] or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This scheme or program aims to establish a Giro system to transfer subsidies directly to the people through their linked bank accounts.