Depending on the context in which the word is used grant will present different meanings.
Financial aid extended by the state or a private party to pay for an activity or someone's work or study
Its most general use tells us that a subsidy is that economic assistance, normally emanating from a state body, which depends on the government of the day, and whose mission is to pay for or maintain a certain activity.
Generally linked to education, health, or any other type of issue inherent to the social assistance of the most unprotected population sector because it does not have resources, or failing that, to those who need this help for the contribution to the common good. that they carry out, for example through a non-profit organization and intended for the construction of houses or health care.
Also, the grant is often referred to as a subsidy.
In the accounting, especially in the public, a grant will be the Item of money that the state allocates to the different agents of the public administrations and that from these they can then go to other public, private or private entities and whose mission is to solve a project or special activity of the aforementioned destinations.
The recipients of a subsidy must strictly comply with the conditions that have been agreed in a timely manner for the delivery of the mass, otherwise, once the agreement is violated, the administration in question may cancel, leaving it without effect.
Activities that are normally subsidized: culture and art, education, health, transport ...
Therefore, it is that the grant will create a relationship between the beneficiary and the administration in question.
Currently, many activities are subsidized by the state, such as: public transport, education, health, agriculture, among other.
On the other hand, in the educational field, the term subsidy is often used as a synonym for scholarship.
In this context, the subsidy would imply the economic contribution that is given to those students or researchers who do not have a considerable capital to carry out their studies or research.
These students or scientists have enormous proven potential, with special qualities that are above the average, and that is why they decide to help them since they cannot per se pay for their studies or jobs, but it is known for sure that they will comply with study or research objectives, as appropriate, and will bring great benefits to the community.
The financial contribution in this case may come from official bodies, such as the Ministry of Education, or, failing that, from private companies, such as banks or foundations.
There are two types of grants or scholarships, the generals (conducting ordinary studies) and the specific (exchanges abroad, between different universities in the same country).
These practices have evolved and have become very widespread in recent years, in many cases they have even replaced other types of contracts, which in other conditions would require better salaries and better working conditions. The other side of the coin has been precisely this, allowing companies to obtain specialized and cheaper labor, unfortunately, in some cases reaching exploitation.
At the artistic level, state subsidies to artists, film and television production companies or theater companies are also very frequent.
Through them, filmmakers, actors, producers, among others, can pay for their productions, which usually enjoy special prestige both for the actor and creative side, as well as for the content.
Generally, these types of proposals are presented in theaters or public rooms, that is, they depend on the national or municipal governments and have a cheaper entry price than other larger and private productions.
The subsidy for theater shows, music, movies, or television programs is a very relevant public policy because it significantly and positively influences the appreciation and culture of the people.
The more accessible these products are, and also the more help they receive from the state to assemble them, that government will be investing directly in raising the cultural level of its nation.
We must say in this regard that these subsidies must be controlled by a control body so that the conditions are met, and of course they must be the most plural, that is, they must be awarded to any artist or producer beyond the ideology they profess.
