Telangana: Rajiv Yuva Vikasam Scheme Applications Begin Today; Youth To Get Rs 3 Lakh Assistance
Rajiv Yuva Vikasam Scheme Telangana Apply Online: Eligible candidates can fill the application form on the official website at tgobmms.cgg.gov.in.
Rajiv Yuva Vikasam Scheme: The Telangana government has announced the implementation of the Rajiv Yuva Vikasam Scheme, offering self-employment loans to youth from SC, ST, BC, and Minority communities. Applications for the scheme will be accepted online starting today, March 17.
As per the official notification, eligible beneficiaries will receive financial assistance of up to Rs 3 lakh to set up self-employment units. The application process has been detailed on the official portal (tgobmms.cgg.gov.in), with SC, ST, and BC Welfare Corporations issuing separate notifications regarding eligibility and selection criteria.
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The scrutiny of applications will take place between April 6 and May 31, and selected beneficiaries will receive concessional loan sanction documents on Telangana Formation Day (June 2).
Loan Categories And Subsidy Structure
The government has categorised loans into three segments under the scheme:
- Category 1: Loans up to Rs 1 lakh with an 80% subsidy; the remaining 20% will be borne by the beneficiary or arranged through bank linkage.
- Category 2: Loans ranging from Rs 1 lakh to Rs 2 lakh with a 70% subsidy.
- Category 3: Loans up to Rs 3 lakh with a 60% subsidy.
With this initiative, the Telangana government aims to promote self-employment opportunities and economic upliftment for marginalised youth in the state.
On Sunday, Deputy Chief Minister Mallu Bhatti Vikramarka, along with BC Welfare Minister Ponnam Prabhakar and the chairpersons of SC, ST, and Minority corporations, held a review meeting at Praja Bhavan to finalise the implementation details of the scheme.
Eligible candidates are encouraged to apply online. Those needing assistance can contact their District BC Welfare Officers or Ex Officio ED BC Corporation officials.
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