What is grant?

What Does grant Mean

Subsidy is the act and the result of subsidizing or subsidizing : assisting those who need support or help. In general, the concept refers to the economic contribution that is delivered to an institution or an individual so that they can develop an activity that is considered valuable or useful for the whole of society .

Usually the subsidy usually consists of a sum of money that the State , through a public body, delivers to a legal or natural person for a specific purpose. The grant recipient does not have to repay this amount in the future.

Subsidies make it possible to alleviate a social problem or give support to an initiative of public interest . The subsidy is considered to be a right of the beneficiary, which in turn generates the obligation to specify the beneficiary activity.
There are governments that give subsidies to companies that work in the field of renewable energy , for example. In this case, the assistance is justified by the need to promote this type of energy, which is less polluting than those from fossil fuels. The whole community, therefore, benefits if the use of renewable energies increases.
Film producers also often access subsidies for filming films. The state authorities may consider that the films are valuable to the culture of the people, thus allocating public money to facilitate production and avoid that these works are subject only to commercial and market logic.
In the context of the coronavirus pandemic that began in 2020, on the other hand, many countries announced the granting of subsidies to the sectors most affected by the economic consequences of mandatory social isolation.
The concept of subsidy is very particular in that it depends on the point of view and experience of each one that has a positive or negative connotation. In principle, if we simply focus on the fact that it is an economic aid for the development of an activity or overcoming a difficult stage in life, we could affirm that it is a kind of "blessing". However, it is far from being so once the interested parties face the bureaucratic labyrinth behind which they usually hide.
Applying for a grant is usually not easy, since the process usually involves a series of requirements that the neediest people cannot meet. It is ironic, therefore, that a service offered to someone in a precarious situation has demands that in practice are within the reach of those who enjoy a good time, a regular situation and a comfortable economy.

But the requirements for a grant are also not straightforward and easy for someone with a comfortable life to satisfy; On the contrary, they are usually presented as a twisted list that requires the coexistence of a terrible situation or of need with a series of resources such as a fixed address, documentation in order and the money to face the entire processing process.
In some way, the agencies that offer us grants often require us to demonstrate the absolute need to receive them but to do so through a process that cannot be overcome without time and money . Some claim that this kind of barrier is created to prevent abuse by those who do not need help, that is, to ensure that only those who really need it and are willing to take advantage of it have access to it. And at the end of the day is what happens, since the perseverance and determination to reach the end is brought together by a few.

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