Are you a Government Agency looking for the right business ventures to provide subsidies and grants?
Governmental subsidies and grants are benefits provided by various government agencies to promote startups and encourage innovation & entrepreneurship. These benefits mostly accrue in the form of cash subsidies, exemptions from tax, various equity financing schemes, etc. They are provided to serve various social and economic purposes, like development of backward areas, boost to underperforming or new industries, creation of employment opportunities, to name a few.
These governmental subsidies and grants can take a number of forms like direct grants, repayable grants, soft loans, equity finance, free consultancy, greater access to resources, technology transfer, etc. They are provided based on certain pre-defined criteria such as – industry, geography, size of firm, revenue and so on. It is important to ensure that subsidies are provided to the right organizations and that no one is wrongly excluded.
Subsidies are important economic measures and their misuse can have severe repercussions on the economy. They may have detrimental distributional impacts wherein they only make the rich - richer and the poor - poorer. However, if properly implemented, subsidy programs can provide long term benefits to all sections of the economy.
- Continuous support by our professionals ensure the most effective allocation of resources – thereby furthering economic progress
- Greater likelihood of achieving the intended objectives of the government program
Sign up as a Government Subsidy Agency and learn more about projects that are best suited for your investment profile.