Category 4 Loans Under Rajiv Yuva Vikasam: Telangana Government introduced the Rajiv Yuva Vikasam Scheme to help young people start self-employment. The scheme accepted applications in four loan categories. Most applicants choose Category 4 loans which offer larger units and higher subsidies.
Officials received 16.23 lakh applications. Out of these, 76.46% applied for Category 4 loans. These units cost between ₹2 lakh and ₹4 lakh. The government offers a 70% subsidy providing up to ₹2.8 lakh per unit. Most applicants showed interest in this category for better income opportunities.
Low Response for 100% Subsidy Loans
Category 1 offers ₹50,000 loans with 100% subsidy. These loans are suitable for daily vendors and micro business owners. Only 39,000 applications were submitted for this category. The ST Corporation recorded just 0.31% of applications under Category 1. Most preferred higher value loans instead of small fully subsidized ones.
Interest in Other Loan Categories
Category 2 loans range from ₹50,000 to ₹1 lakh with a 90% subsidy. This category received 93,000 applications. About 83% to 84% of applicants from SC, ST, BC and EBC groups chose Category 4. Most believed that larger loans can lead to better business success.
Application Screening in Progress
Application submission closed on April 14. Mandal level committees began checking the applications. Verified applications will move to the district level committees. In urban areas, the Municipal Commissioner is the convenor. The District Collector leads the district committee supported by the DRDA PD as convenor.
Selection Results and Training Schedule
The final beneficiary list will be ready by June 2. Selected applicants will receive approval letters between June 2 and June 9. Orientation classes will be held for 7 to 15 days. After training, loan units will be assigned. Post setup, skill development sessions will continue for 6 months to 1 year.
Also Read: Hyderabad to Witness More Thunderstorms: Heat Index is Severe
Share
Top 7 Foods to Add to Diet for Ideal Vitamin D Content
PM Modi, Elon Musk Discuss Cooperation in Tech and Innovation
