Mon Jun 02 01:10:00 UTC 2025: Okay, here’s a news article summarizing the provided text:
**Karimnagar, Telangana – June 1, 2025**
**Rajiv Yuva Vikasam Scheme Aims to Empower Unemployed Youth in Rajanna Sircilla District**
The Telangana government is set to launch the Rajiv Yuva Vikasam scheme in Rajanna Sircilla district on Telangana Formation Day, June 2nd, aiming to provide financial assistance to unemployed youth from poor and middle-class backgrounds. The scheme offers loans ranging from ₹50,000 to ₹4 Lakh to support various entrepreneurial ventures.
Authorities have received 36,819 applications under the scheme and have completed the scrutiny process, identifying 7,121 eligible candidates for 7,680 units. The government has allocated the units on the basis of population, and different categories and providing subsidies and loans. The allocated units will be used for businesses such as poultry, dairy, retail, and agriculture. The government has allocated specific subsidy ranges on the loans of different values, ranging from 70 to 100 percent depending on the loan amount.
However, the implementation faces a hurdle as banks continue to prioritize CIBIL scores for loan approvals, despite Deputy Chief Minister’s statement that it’s not required for the scheme. This discrepancy is causing frustration among applicants. Additionally, linking Aadhaar and mobile numbers to applications has created some confusion in the loan processing. Despite these challenges, officials are working to ensure the scheme benefits eligible candidates and boosts economic development in the region.
The first phase of disbursements is scheduled for June 2nd.
First Piper 