WHAT ARE SCHEMES AND SUBSIDIES IN AGRICULTURE?
\nHOW ARE THEY MEANT TO HELP?
\nSchemes and subsidies
\nA subsidy is a benefit provided by the government to a person, company, ororganization.it may be direct (cash payment) or indirect (credit card payments).
\nTypically, it is financial support, that diminishes some hardship form to elevate the financial support to a person or company, or organization.
\nDifferent state governments or leading government in the country provides subsidies by introducing schemes with guidelines and eligibilities for making avail to people who are under crisis. to assist in economical crisis in the name of social welfare.
\nSchemes and subsidies are merely meant for social benefits.
\nType of subsidies and schemes
\n\uf0b7 Cash subsidies.\u00a0
\n\uf0b7 Food subsidy.
\n\uf0b7 Procurement subsidy.
\n\uf0b7 Education subsidy.
\n\uf0b7 Export\/Import subsidy.
\n\uf0b7 Housing subsidy.
\n\uf0b7 Regulatory subsidy.
\n\uf0b7 Oil & fuel subsidy.
\n\uf0b7 Tax subsidy.
\n\uf0b7 Transport subsidy<\/p>\n
Different schemes and subsidies in India
\n\uf0d8 Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE)
\n\uf0d8 Textile Industry Technology Upgradation Fund Scheme (TUFS)
\n\uf0d8 Food Processing Industry Technology Upgrade\/Establishment Scheme
\n\uf0d8 Development of the leather sector – Leather Industry Development Plan
\n\uf0d8 Subsidy for Upgrading Technology using Credit-Linked Capital (CLCSS)
\n\uf0d8 Market Development Assistance Program
\n\uf0d8 Technology and Quality Upgradation Support for MSMEs
\n\uf0d8 Proposal for a Miniature Training and Tool Room Facility
\n\uf0d8 Subsidy for NSIC Small Business Loans
\n\uf0d8 Loan Subsidy for Cold Chain Businesses from the Government
\n\uf0d8 For Coconut Producing Units Under the Technology Mission on Coconut (TMOC)
\n\uf0d8 SAMPADA-scheme for agro marine produce and development of agro clusters.
\n\uf0d8 Small Business Loans from the Government – Dairy Farming
\n\uf0d8 Loan Subsidy for Small Businesses in the Horticulture Industry<\/p>\n
ADVANTAGES AND DISADVANTAGES OF SCHEMES AND SUBSIDIES
\n\uf0b7 Reducing the costs of necessary items while also providing them at a low price to a significant population segment.
\n\uf0b7 Due to various issues, subsidies to industries intend to halt the industrial sectors decline. Therefore, it is an indirect means of assisting the country employment and industrial sectors.
\n\uf0b7 Besides delivering trained labor to industry, subsidized education provides long-term advantages for the nation and society.
\n\uf0b7 Subsidies contribute to the country battle against unemployment and poverty eradication.<\/p>\n
DISADVANTAGES
\n\uf0d8 Though one of the advantages of subsidies is the greater supply of goods, a shortage of supply can also occur. This is because lowered prices can lead to a sudden rise in demand that many producers may find very hard to meet. Ultimately, it can lead to the very high demand that causes an increase in prices.
\n\uf0d8 Subsidies are usually effective and helpful. However, if the government were to make a report on its success in using subsidies, it is hard to quantify the success of subsidies.
\n\uf0d8 How will the government raise funds to use for subsidizing industries?
\nOfcourse, by imposing higher taxes. So, it is the general population and corporations who provide the means to enable the government to subsidize industries.<\/p>\n","protected":false},"excerpt":{"rendered":"
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