Concessional

The term 'concessional' refers to terms or conditions that are favorable or lenient, often used in the context of finance or policy-making. It describes arrangements that provide some form of relief, discount, or preferential treatment to a specific group, usually to promote social welfare, development, or alleviate economic pressures. concessional terms typically involve lower interest rates, extended repayment periods, or other benefits designed to make financial obligations more manageable.

Concessional meaning with examples

• The government introduced a concessional loan program aimed at helping low-income families purchase their first homes. These loans, with lower interest rates and longer repayment terms, enabled many families to achieve home ownership that would otherwise be out of reach, thereby contributing to community stability and economic growth.
• In an effort to support small businesses during the economic downturn, the bank offered concessional financing options. These arrangements allowed entrepreneurs to access the capital they needed at significantly reduced interest rates, fostering innovation and helping to maintain employment rates as they navigated the challenging market.
• The development agency provided concessional aid to developing countries to address pressing issues such as poverty and healthcare access. By offering funds with minimal to no interest requirements, the agency aimed to invest in sustainable programs that would improve living conditions and foster long-term growth.
• Educational institutions often seek concessional funding to enhance their scholarship programs. By offering reduced tuition or financial aid packages that favor low-income students, universities strive to create a more equitable learning environment and ensure that higher education remains accessible to everyone.