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Grant in Aid

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Grant in Aid
Funding that a government gives to a private entity for a specific purpose. For example, a government may give a grant in aid to a charity that assists persons in buying their own homes or to a business that invests in a favored industry such as green energy. Grantees must abide by government regulations upon receiving a grant in aid (for example, they may be required to account for government funds separately), but they have general autonomy over how to specifically spend the money.


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Byline: ANI New Delhi, Sep 16 (ANI): The Union Tribal Affairs Ministry has sanctioned a grant in aid of Rs.
At the 30th meeting, the member states discussed the financial bills of OPEC Fund, chartered accountants, accountancy of the financial resources of OPEC Fund, designation of the head and deputy head of the ministerial council, grant in aid for anti-AIDS/HIV programs, grant in aid for reconstruction of Palestine, as well as the consequences of the financial crisis on oil markets.
 
 
 
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