Telangana CM A Revanth Reddy launches ‘Rajiv Yuva Vikasam’ scheme

HYDERABAD: Chief minister A Revanth Reddy on Monday formally launched the ‘Rajiv Yuva Vikasam' scheme with a budget of 6,000 crore, aimed at providing self-employment opportunities to 5 lakh unemployed youth across the state.
The scheme is mainly expected to benefit the youth from SC, ST, BC, and minority communities. Under the scheme, financial assistance between 50,000 and 4 lakh will be provided. The beneficiaries list will be announced on June 2, coinciding with Telangana Formation Day celebrations.
The scheme is expected to generate employment opportunities for 4,000 to 5,000 people in each of the 119 assembly constituencies. The govt allocated 6,000 crore for the initiative, underscoring its commitment to youth empowerment and economic development, the CM said while underscoring his vision of transforming Telangana into a one trillion-US dollar economy. Rajiv Yuva Vikasam is a people's scheme, not a Congress party scheme, he said.
He listed out welfare schemes being implemented by the Congress govt from the second day of coming into office to date. Over 57,000 govt jobs were given, and teachers' transfers were done without any controversy, he said.
The CM admitted to the challenges such as reduced govt income and the mountain of debt left by the previous BRS govt, but sought to assure that the Congress govt is committed to following fiscal discipline and increasing revenues to take forward welfare, development, and good governance, and on the other hand, curb extravagance.
The chief minister also thanked opposition MLAs who attended the launch event.