Jobaaj Stories
Rajiv Yuva Vikasam Scheme: Empowering Telangana's Youth
The Telangana government's Rajiv Yuva Vikasam Scheme is a significant initiative designed to boost self-employment among young people from marginalized communities. This scheme offers substantial financial assistance to help youth establish their own businesses and contribute to the state's economic growth. Let's delve into the details of this empowering program.
Key Features of the Rajiv Yuva Vikasam Scheme
This scheme provides self-employment loans of up to ₹3 lakh to youth from SC, ST, BC, and minority communities. The loan amount is categorized into three tiers with varying subsidy levels: up to ₹1 lakh (80% subsidy), ₹1-2 lakh (70% subsidy), and up to ₹3 lakh (60% subsidy). The remaining amount needs to be arranged by the beneficiary or through bank linkage. A total of ₹6,000 crore has been allocated, aiming to benefit 5 lakh youth.
Eligibility and Application
To be eligible, applicants must be permanent residents of Telangana, belong to the designated communities, and be currently unemployed. The application process is online via tgobmms.cgg.gov.in (or tgobmmsnew.cgg.gov.in). Required documents include Aadhaar card, domicile certificate, caste certificate, bank details, and more. The application period started March 17th, 2025, and closed April 5th, 2025.
Impact and Future
This scheme represents a significant investment in Telangana's youth, providing crucial support for entrepreneurship and economic independence. The government's commitment, with substantial allocations for SC, ST, and BC corporations, demonstrates a strong focus on inclusive growth. The success of the Rajiv Yuva Vikasam Scheme will likely contribute significantly to reducing unemployment and empowering a new generation of entrepreneurs in Telangana.
Call to Action
While the application period has ended, stay informed about future initiatives by regularly checking the official website. Similar schemes may be rolled out in the future, providing further opportunities for Telangana's young, aspiring entrepreneurs.
