Telangana Launches Rajiv Yuva Vikasam Scheme to Empower Unemployed Youth
| Category | Details |
|---|---|
| Why in News? | Telangana CM A. Revanth Reddy launched the 'Rajiv Yuva Vikasam' Scheme to provide self-employment loans to unemployed youth from SC, ST, BC, and Minority communities. |
| Objective | To empower unemployed youth by providing financial aid for self-employment and entrepreneurship. |
| Total Budget | ₹6,000 crore |
| Expected Beneficiaries | 5 lakh unemployed youth |
| Financial Assistance | Up to ₹3 lakh per beneficiary |
| Subsidy Structure | Loans up to ₹1 lakh: 80% subsidy Loans up to ₹2 lakh: 70% subsidy Loans up to ₹3 lakh: 60% subsidy |
| Key Dates | Application scrutiny starts next month Loan sanction documents issued on June 2nd (Telangana Formation Day) |