Grants and subsidies are financial aids provided by governments or organizations to support specific projects or initiatives. A grant is typically a sum of money given for a particular purpose, often requiring the recipient to meet certain criteria or complete specific tasks. Grants do not need to be repaid, making them a valuable resource for individuals, businesses, and non-profits. On the other hand, a subsidy is a financial assistance that reduces the cost of goods or services, encouraging production or consumption. Subsidies can take various forms, such as direct payments, tax breaks, or price supports, and are often used to promote economic growth or support specific industries.