Now the government will give a loan of up to Rs 4 lakh to start a business, know who will be eligible

Rajiv Yuva Vikas Yojana: From time to time, the government keeps starting such schemes for the people of the country, which can help people. Along with this, the state government is starting various schemes for the people of its state, so that they can get financial assistance. Now the Telangana state government has launched a special scheme for the people of its state, under which the Telangana government will provide loans to the people of its state to start business. The name of this scheme is Rajiv Yuva Vikas Yojana.

Rajiv youth development scheme

The Telangana State Government has launched Rajiv Yuva Vikas Yojana, under which 10 lakh rupees will be provided to young entrepreneurs. The loan will be given up to. Rupee. To start your own business, get Rs 4 lakh at a low interest rate. The scheme will provide loans to various youths including Scheduled Castes (SC), Scheduled Tribes (ST), Backward Classes (BC), Minority and Economically Backward Classes (EBS) and Economically Weaker Class (EWS).

Who will be eligible for this scheme?

Some eligibility criteria have also been set to apply for Rajiv Yuva Vikas Yojana. Under this, the annual income of applicants from rural areas should be Rs 1.5 lakh or less. Whereas, the annual income of applicants from urban areas should be Rs 2 lakh or less. Apart from this, if you talk about age, then the age should be between 21 and 55 years of age for non -agricultural business. Age should be less than 60 years for agriculture related businesses.

These people will get the first chance.

One notable aspect of this scheme is that it has an emphasis on inclusion, in which special priority has been given to the benefits, women, disabled persons and families of the martyrs of the Telangana movement. At least 25% of the beneficiaries will be women and 5% loan will be reserved for persons with disabilities. The scheme facilitates economic freedom and entrepreneurship among these groups, which promotes widespread social and economic development.

How can you apply for this plan?

Interested applicants in this scheme will have to complete the registration process on online beneficiary management and monitoring system (OBMMS) portal. It is necessary to enter accurate information like personal information, income and category, which are important for processing of the application. After registration, applicants will have to download their application form and submit it to the concerned office along with related documents. Applicants from rural areas should go to Mandal Praja Palan Seva Kendra (MPPSK), while applicants from urban areas can visit the Municipal Corporation or Regional Commissioner Office.

On-site helpdesk is available to present the documents and assist in verification. The inauguration of Rajiv Yuva Vikas Yojana is a strategic move taken by the Telangana government to strengthen entrepreneurship ecosystem. By providing easy financial assistance, the scheme works towards strengthening the youth to start their own business and maintain it.