Subvention

Subvention refers to a financial grant or subsidy provided by a government or an organization to support a particular project, cause, or institution. When a government or organization provides a subvention, they are essentially offering financial assistance to help cover the costs or expenses associated with a specific endeavor. This can include anything from supporting research initiatives, promoting cultural activities, or even funding educational programs. Subventions are often given to organizations or institutions that may not have enough financial resources of their own to carry out their work effectively. The purpose of a subvention is to ensure that certain projects or initiatives can be sustained and flourish, even if they might not be financially self-sufficient. It’s a way for governments and organizations to invest in causes they believe in and support the growth and development of various sectors.