Telangana Deputy CM seeks cooperation of banks to achieve Rajiv Yuva Vikasam targets
Telangana Deputy Chief Minister Mallu Bhatti Vikramarka has requested banks to extend cooperation in achieving the targets set under Rajiv Yuva Vikasam, the innovative scheme facilitating self-employment opportunities to youth, in a time bound manner.
The State Government has decided to distribute sanction letters to five lakh eligible youth selected for assistance through Rajiv Yuva Vikasam on June 2 coinciding with the State formation day. Bankers were asked to extend their cooperation in ensuring hassle free implementation of the scheme. Banks should accordingly appoint a State level nodal officer to coordinate with different banks for taking the scheme forward.
The State Government on its part has resolved to provide ₹6,250 crore subsidy towards Rajiv Yuva Vikasam which is conceived to harness entrepreneurial skills among educated and skilled youth. This will in turn enhance the State Gross State Domestic Product, he said.
The Deputy Chief Minister, who also holds the Finance portfolio, was addressing a meeting of the State Level Bankers Committee held in Hyderabad on Thursday (May 22, 2025). He hoped that banks would reach the targets planned for the current financial year.
Focus on agri sector
Mr. Bhatti Vikramarka said the State government accorded top priority to agriculture sector with focus on promotion of horticulture and oil palm cultivation. The government had recently credited ₹21,000 crore into the accounts of farmers as part of loan waiver while it prioritised implementation of Rythu Bharosa farmers investment support scheme besides paying premium to provide insurance coverage to them.
Solar pump sets to tribal farmers
This was in addition to the launch of the Indira Soura Giri Jala Vikasam, an exclusive scheme for providing off-grid power connectivity to tribal farmers through distribution of solar pump sets with 100% subsidy. A huge ₹12,600 crore had been earmarked for providing solar pump sets to eligible tribal farmers free of cost over a period of five years.
₹1 lakh crore interest free loans to women SHGs
Women empowerment was another priority area of the government and it had sanctioned interest free loans of ₹20,000 since taking over power in the State. It was resolved to provide ₹1 lakh crore interest free loans to women self help groups (SHG) in the coming five years. In addition to providing financial assistance to SHGs, steps were taken to inculcate entrepreneurship among them. Accordingly, women were encouraged to purchase buses for leasing out to the Telangana State Road Transport Corporation (TGSRTC) and set up power plants through which they could make money. The State Government had targeted additional generation capacity of 20,000 MW through green energy by 2030 and several steps were initiated in this direction.
Advanced tech centres to make youth employable on a global scale
Equal emphasis was laid on youth empowerment and the government implemented fee reimbursement for them to promote human resources in a big way. While Skill University was set up to harness skill sets among youth, the government was setting up advanced technology centres in majority of the Assembly constituencies to provide necessary training to youth for making them employable on a global scale.
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