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What do you mean by incentives and subsidies? Briefly present an account of the schemes of incentives in operation in India.
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written 3.5 years ago by
prajapatijaimin
• 3.3k
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Solution:
What is Incentives and subsidies?
The term “incentive” includes concessions and bounties. ‘Subsidy’ denotes a single lump sum which is given by a government to industry. It is granted to an industry which is considered essential in the national interest.
The term ‘bounty’ denotes bonus or financial benefit which …
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