Anyone who runs their own business exposes themselves to various risks and set themselves apart from the rest. The government with the objective of ensuring equal income distribution and PAN India development makes financial resources available for entrepreneurs in the form of subsidy who show the courage to modernize in the form of product innovation, application of environmental technology or use of energy saving capital goods and are willing to accept the associated risks. Subsidy bridges the gap between a missed opportunity and success and innovation.
Subsidies appear to be free but obtaining it costs money! The government provides support to challenging projects, but it also demands a concrete return on its investment. Hence the burden shifts on the client to demonstrate its ‘subsidy worthiness’.
At FINMART we help our clients in getting Central, State and all ministry related subsidy. We assist the clients starting from providing advisory on their projects till the disbursement of the subsidy amount. FINMART analyzes each project, provide mentoring on the best suitable subsidy for their business and prepare the documents and getting it filed with the government authorities.
Any individual or any sovereign entity is eligible for taking Subsidy Advisory if the same falls under the relevant subsidy scheme applicable to the business.
The documents needed vary from case to case. Let FINMART understand your needs and assist you in documents requirement.
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.
In case of public irrigation, water has a very high marginal productivity when used in conjunction with HYV of seeds, chemical fertilisers, power and other related inputs. It is the richer farmers who may derive relatively larger benefits because of their capacity to use these allied inputs.
For subsidies of health, the greater emphasis on curative health care expenditure often reflects a bias towards the better-off people whereas preventive health care expenditure with much larger externalities would clearly be of greater help to the economically weaker sections of the society.