Hyderabad, April 11: In a significant move aimed at bolstering self-employment and entrepreneurship among the marginalized youth of Telangana, the state government has launched the Rajiv Yuva Vikasam Scheme. This ambitious initiative, unveiled in 2025, is backed by a substantial allocation of INR 6,000 crore and is designed to provide financial assistance of up to ₹4 lakh for self-employment ventures.
The scheme primarily targets youth from Scheduled Castes (SC), Scheduled Tribes (ST), Backward Classes (BC), and minority communities, including those from economically backward classes (EBC). It seeks to empower these groups by facilitating access to capital that can help them establish small businesses or self-employment opportunities. According to the Telangana BC Corporation’s Managing Director, Mallaiah Battu, over seven lakh applications have already been received since the scheme's announcement.
One of the most notable aspects of the Rajiv Yuva Vikasam Scheme is its flexibility in documentation requirements. Unlike many government programs, applicants do not need a ration card to qualify. Instead, they can apply using either a white ration card number or a valid income certificate, significantly easing the application process for many potential beneficiaries.
The last date to apply for this scheme has been extended to April 14, 2025, following an overwhelming response from the public. Initially set for April 5, the extension allows more youth to take advantage of this financial aid program. Deputy Chief Minister Mallu Bhatti Vikramarka emphasized the government's commitment to providing real opportunities for self-reliance among marginalized youth. “The goal is to support marginalized youth with real opportunities for self-reliance,” he stated, highlighting the scheme's objectives.
The Rajiv Yuva Vikasam Scheme is structured to offer concessional loans categorized by the amount and corresponding subsidy percentage:
- Category 1: Loans up to ₹1 lakh with an 80% subsidy.
- Category 2: Loans between ₹1–2 lakh with a 70% subsidy.
- Category 3: Loans up to ₹4 lakh with a 60% subsidy.
This tiered approach means that even if an applicant qualifies for the maximum loan amount, they will only need to secure a portion of the funding through a bank loan, as the government will cover the majority of the costs.
Applications for the scheme are being accepted district-wide, with a particular focus on areas like Warangal and Hanumakonda, where awareness drives have already begun. These initiatives aim to inform potential applicants about the benefits of the scheme and guide them through the application process.
To apply for the Rajiv Yuva Vikasam Scheme, interested candidates can visit the official portal at tgobmmsnew.cgg.gov.in. The application process is straightforward: candidates must register, fill in the required details, and submit necessary documents for verification, including identity proof, community certificate, and income certificate.
Beyond just a financial initiative, the Rajiv Yuva Vikasam Scheme represents a socio-economic empowerment effort, aiming to reduce unemployment by equipping youth with the financial means to pursue self-employment ventures. It stands out as a crucial step toward inclusive development and financial empowerment for the youth of Telangana.
This scheme could be a life-changing opportunity for many young individuals in the state, particularly those without prior access to financial resources. With the promise of up to ₹4 lakh in support, minimal documentation, and a vision for inclusive growth, the Rajiv Yuva Vikasam Scheme is poised to make a significant impact on the lives of Telangana’s youth.
As the April 14 deadline approaches, officials urge eligible youth to complete their applications well in advance to avoid last-minute rushes or technical issues on the portal. The scheme not only aims to empower individuals but also seeks to stimulate local economies by fostering entrepreneurship at the grassroots level.
In conclusion, the Rajiv Yuva Vikasam Scheme is not just another loan program; it is a vital initiative that could transform the economic landscape for marginalized communities in Telangana. By breaking down barriers to access and providing substantial financial support, the scheme embodies the government’s commitment to fostering a self-reliant and prosperous future for all its youth.
