Telangana Budget Boosts Rajiv Yuva Vikasam: Rs 6,000 Cr for Youth Loans

• Telangana government allocates Rs 6,000 crore in the budget for the Rajiv Yuva Vikasam scheme.
• The scheme aims to provide financial assistance up to Rs 3 lakh to youth from SC, ST, BC, and Minority categories for self-employment.
• Subsidy structure: 80% for loans up to Rs 1 lakh, 70% for Rs 1-2 lakh, and 60% for loans up to Rs 3 lakh.
• Approximately 16 lakh applications were received previously; new applications are unlikely.
• The government plans to provide loans to five lakh people, with selection through relevant corporations.