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Capacity under this scheme will be decided by the entrepreneur. But to get the subsidy, the capacity of the warehouse should be minimum 100 tonnes and maximum of 30,000 tonnes. [4] If the capacity is more than 30,000 tonnes or less than 100 tonnes then subsidy will not be given under this scheme.
Subsidy 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 ...
In 2010–11 the budget for the Scheme was A$114.4 million. The combined forward estimate for the Scheme over the four years to 2013–14 was $486 million. [7] In 2010–11, 1,544 businesses and individuals lodged a total of 11,233 claims for assistance under the Scheme, resulting in the payment of a total of $100 million to eligible claimants. [8]
In case of food subsidy, PDS suffers from considerable leakage and apart from a low coverage of poor; the magnitude of benefit derived by the poor is very small. In case of electricity, the subsidy rates have been rising for both agriculture and domestic sectors because the unit cost has been rising faster than the relevant tariff-rate.
Central Warehousing Corporation is a statutory body which was established under ‘The Warehousing Corporations Act, 1962. It is a public warehouse operator established by the Government of India in 1957 to provide logistics support to the agricultural sector.
The same system may be viewed as having a wage-independent subsidy and a tax payment increasing in a certain way, or as a subsidy which varies with income, combined with a tax which varies in a different way. It is not essential for a wage subsidy to be sufficient for a person to live on, as it is expected to be supplemented by income.
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.
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 ...