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subsidy-calculator
SUBSIDY-CALCULATOR
Governments seek to implement subsidies to encourage production and consumption in specific industries. A government may want to subsidize companies in a given industry because they see the industry as vital and necessary to the economy, or they may not want the negative consequences that would result from the failure of those companies and from mass unemployment. To do so, the government will provide tax subsidies, loan guarantees, and cash grants directly to companies within that particular industry. When a subsidy is given directly to the consumer, it is referred to as a consumer subsidy.
What is a Subsidy?
Subsidies are quite simply the opposite of a tax. Instead of taxing something, a subsidy removes the tax. Subsidies are state-funded incentives to businesses and individuals for certain intended purposes. The point of a subsidy is to make certain activities cheaper or more accessible to the general public. This, of course, means that taxes are being paid elsewhere to cover the cost. A subsidy is a payment from the government to private enterprises. Subsidies are the means through which the government aims to stimulate the economy, per se. The subsidy can be in any form, for instance, cash reimbursement of some specified amount depending on a particular condition.
Why Do the Government Offer Subsidies?
Governments introduce subsidies when an industry is in need of help. Governments can implement a subsidy program to encourage the production and consumption of certain goods and services. For example, most food products are produced and consumed; therefore, industries can offer their producers incentives to run the business efficiently. These incentives include paying them for certain things like planting certain crops or buying new equipment. This introduces transparency into how farmers operate their businesses since they now are transparent on why a company decides on how much they will produce or how many workers they will employ.
What is the Need for a Subsidy Calculator?
Many of us don't have the experience or think we don't have the expertise, or we just don't want to deal with running our own business. Well if you are looking for a small business loan, then you could get a discount or a subsidy from the government. But how do you qualify for this? The subsidy calculator will tell you exactly how much of a discount you are able to obtain. This tool will simplify the process of getting a subsidy. What's more, if you are one of the thousands who have been waiting for government subsidies for home loans, this tool will help you determine how much you can save with your loan.
Upniva Subsidy Calculator
Our subsidy calculator has been designed to help you find the best possible plan for your business and take advantage of eligible subsidies that can save you money. To use our calculator, enter your annual loan amount, investment amount (this can be different from your loan), desired term of the loan, and location.
The types of Subsidies Businesses could get can be broadly defined in these categories:
- Central Level Subsidy
- State Level Subsidy
- Subsidy for SC/ST and Backwards
- Subsidy for Women
- Subsidy for Start-Up