. What is subsidy? explain – InterviewSolution

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1.	. What is subsidy? explain
Answer» Definition: Subsidy is a TRANSFER of money from the government to an entity. It leads to a fall in the price of the subsidised product Description: The OBJECTIVE of subsidy is to bolster the welfare of the society. It is a part of non-plan expenditure of the government. MAJOR subsidies in India are petroleum subsidy, FERTILISER subsidy, food subsidy, INTEREST subsidy, etc.

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