Government funding refers to financial resources provided by government entities, typically at the federal, state, or local levels, to support various projects, initiatives, or programs. This funding can be allocated for a wide range of purposes, including public services such as education, healthcare, infrastructure, and social welfare programs. It may also be directed toward research, innovation, and the arts.
Government funding can come in various forms, such as grants, subsidies, loans, and contracts, and it is often aimed at promoting economic development, enhancing public welfare, or addressing specific societal issues. Organizations, including nonprofits, businesses, and educational institutions, may apply for government funding to finance their activities or projects that align with the government’s objectives.
The allocation of government funding is typically governed by specific guidelines, eligibility criteria, and performance metrics to ensure accountability and effectiveness in achieving its intended goals.
India's Union Budget 2025 introduces a bold **INR 10,000 crore Fund of Funds** aimed at fostering innovation and entrepreneurship. This initiative focuses on empowering fintech and startups to align with…