Rajiv Yuva Vikasam Scheme : How to Apply, Who are Eligible?

In a significant move to empower unemployed youth from Scheduled Castes (SC), Scheduled Tribes (ST), Backward Classes (BC), and Minority communities, Chief Minister Revanth has introduced the Rajiv Yuva Vikasam Scheme. The initiative aims to provide financial assistance in the form of loans to eligible individuals, enabling them to pursue self-employment opportunities. The application process for the scheme began recently, and the government has already outlined the eligibility criteria and implementation plan.

Key Highlights of the Scheme:

• Financial Assistance: Under the scheme, beneficiaries can avail loans ranging from ₹50,000 to ₹4 lakhs, depending on their eligibility and requirements.
• Subsidy Benefits: The government will offer a 60% to 80% subsidy on the loan amount, significantly reducing the financial burden on applicants.
• Target Beneficiaries: The scheme is specifically designed for unemployed youth from SC, ST, BC, and Minority communities. The government has emphasized that only genuine unemployed individuals will benefit from this initiative.
• Loan Distribution: The state plans to disburse loans worth ₹33,000 crores to nearly 5 lakh beneficiaries across the state. Each constituency is expected to support 4,000 to 5,000 individuals.
• Application Process: The online application process is now live on the OBMMS portal (tgobmms.cgg.gov.in) and will remain open until April 5. Applicants are encouraged to apply early to secure their benefits.
• Loan Sanction: The government has set a target to distribute loan sanction letters to beneficiaries by June 2, ensuring that the funds reach the intended recipients within the next two months.

Eligibility and Selection Process:

The responsibility of selecting eligible candidates lies with the respective MLAs, who will ensure that the scheme benefits those who truly need it. The government has made it clear that individuals owning properties such as five-story buildings will not be eligible for the ₹4 lakh loan, as the scheme is aimed at supporting those in genuine need.

A Step Towards Self-Reliance:

The Rajiv Yuva Vikasam Scheme is a transformative initiative aimed at fostering self-reliance among the youth. By providing financial support and encouraging self-employment, the government hopes to reduce unemployment and boost economic growth in the state. The scheme also aligns with the broader goal of inclusive development, ensuring that marginalized communities have access to opportunities for growth and prosperity.

How to Apply:

Interested candidates can visit the official website http://tgobmms.cgg.gov.in/ to apply online and access detailed information about the scheme. The portal provides a user-friendly interface for applicants to submit their details and track the status of their applications.

Conclusion:

The launch of the Rajiv Yuva Vikasam Scheme marks a significant step towards empowering the youth and addressing unemployment in the state. With its focus on inclusivity and financial support, the scheme has the potential to transform the lives of thousands of young individuals, enabling them to achieve their dreams and contribute to the state’s development. If you or someone you know is eligible, don’t miss this opportunity to apply and secure a brighter future.

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