Question 6Discuss outcome-based finance models such as social impact bondsGS2GS2

Outcome-based finance models such as social impact bonds have the potential to truly catalyse change and deliver socio-economic impact at scale. Discuss. (Answer in 150 words)

Introduction

Outcome based finance models are in centuries given by government based upon the outcome/production of an audit.

17 words

Main Body

Outcome based finance models are in centuries given by government based upon the outcome/production of an audit. Example: Product linked incentive scheme PLI. Importance of outcome-based finance: a They facilitate the growth and increase the industry competition in the market. b The finance is given based on performance matrices any cost to state. c It fosters the employment, revenues of scale and incentivize companies to perform.

d It opens the path for various unconventional sectors like semi conductor, chips, technology. Challenges: a It could lead to unhealthy competition and raises the morale of varying vigilant industries. b It can lead to increase in cost by public for the service by charge. c If companies could in doing wrong unlawful practices. Outcome based finance models are good to incentivise the manufacturing aims, however at the same time govt oversight and regulation is necessary.

— Vaibhavi Agrawal · AIR 35

142 words1 paragraphs

Conclusion

Outcome based finance models are good to incentivise the manufacturing aims, however at the same time govt oversight and regulation is necessary.

22 words

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Topper

Vaibhavi Agrawal

AIR 352024

Subject & Paper

GS2GS2

Topic

Government Policies and Interventions

Government Schemes and Policies

Outcome-Based Finance Models

Writing Stats

181

Total words

Paragraphs

analytical

Tone

Linked PYQ

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