In grant and subsidy rate settings, Payment administrator can create rates of grants and subsidies for funding schemes under a funding type.
Let’s see how payment administrator creates a grant and subsidy rate:
1. In Finance configuration, Payment administrator clicks Grant and subsidy rate on the left navigation pane and then clicks Create.
2. In the Create grant and subsidy rate panel, complete the required basic settings for the grant and subsidy rate and configure rates for schemes under the selected funding type.
3. After finishing the configurations, click Submit. Grant and subsidy rates will be created after approval.