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The phrase "allowance scheme" is correct and usable in written English.
It can be used to refer to a structured plan or program that provides allowances, often in a financial context, such as for children or employees.
Example: "The company has implemented an allowance scheme to help employees manage their expenses more effectively."
Alternatives: "subsidy program" or "benefit plan".
Exact(19)
If you were on the Enterprise Allowance Scheme, you got £40 and you could work.
By then she was renting a studio "funded by Thatcher's dream, the Enterprise Allowance Scheme.
With the redundancy money and a little help from the Enterprise Allowance scheme, they changed their home in North Ferriby into the Weird and Wonderful Magical Place.
As a rookie standup in the 1980s, Alan Davies tells the Daily Telegraph, "what really saved me – even though I was a lefty and a Labour voter and a CND person – was Thatcher's Enterprise Allowance Scheme".
Living off the government's enterprise allowance scheme, which paid him £40 a week, he did well, selling his stake in the business to his partner after a year for £16,000.
The Department for Work and Pensions' New Enterprise Allowance Scheme gave her £1,000 and use of a mentor – a self-employed businessman with 17 years' experience who knew about the nuts and bolts of running a company.
Similar(41)
Moreover, many countries in Europe already have income-related housing allowance schemes that serve much the same function even though they are separate from income taxes.
By the 1990s, "tradable allowance schemes", which permit companies to buy and sell "pollution credits," or legal rights to produce specified amounts of pollution, had been implemented in the United States.
While Danish social assistance was comparatively generous, the start assistance and introduction allowance schemes were among the least generous schemes in north-western Europe (Hansen, 2006).
The country is known for its relatively liberal asylum laws and its relatively generous allowance schemes.
Adams/Hicks also include the basic salary, allowance schemes, health insurance premiums, housing or housing allowances in this category.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com