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Grant-in-Aid
(redirected from Grant aid)

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Wikipedia 0.01 sec.
Grant-in-Aid 

(Russian, subventsiia), a form of monetary benefit granted to local bodies of power by the state. Unlike subsidies (dotatsii), grants-in-aid are given for specific purposes and on condition of participation by local budgetary funds. In the capitalist countries, they are used to increase the dependence of local agencies on the central bodies of power. In the USSR, grants-in-aid from the state budget were introduced in 1924. They helped cover local budgetary expenditures for such purposes as the construction of schools, hospitals, and local roads. By 1931, as new forms of budget control were introduced and as planning came to play a greater role in the national economy, the system of grants-in-aid had ceased to be of importance.



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Under the programs implemented by the National Fund of Savings, the Agency for the improvement and development of housing (AADL) or participatory social housing, the state plans of grant aid from DZD400,000 to DZD700,000 and subsidy on the cost of bank loan based on income for individuals wishing to acquire accommodation.
We hope that as much of our grant aid as possible can be used as match funding for schemes which may also derive support from, for example, the European Union.
How many new and returning students will there be, and how much institutional grant aid will they require?
 
 
 
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