Rajiv Yuva Vikas Scheme: To foster the enthusiasm and innovative ideas of young entrepreneurs, the Indian government has launched several loan and funding schemes. These schemes aim to provide financial assistance to small-scale entrepreneurs and strengthen the vision of a self-reliant India. Following the central government’s example, state governments also run similar schemes. The Congress government in Telangana is also running a scheme that provides loans of up to Rs 4 lakh to young people to start their own businesses.
Chief Minister Revanth Reddy of the Congress government in Telangana launched this scheme in April 2025. The objective of this scheme is to promote self-employment. The application process is completely online. Interested individuals can apply through the official portal tgobmmsnew.cgg.gov.in. This scheme, called the Rajiv Yuva Vikas Scheme, provides loans to youth from various backgrounds, including Scheduled Castes (SC), Scheduled Tribes (ST), Backward Classes (BC), minorities, and economically backward classes (EBS) and economically weaker sections (EWS).
Certain eligibility criteria have been established for the Rajiv Yuva Vikas Scheme. For non-agricultural businesses, the age must be between 21 and 55 years, while for agriculture-related businesses, the age must be below 60 years. Applicants in rural areas must have an annual income of ₹1.5 lakh or less, while applicants in urban areas must have an annual income of Rs 2 lakh or less.
These documents are required to apply
To apply for Rajiv Yuva Vikas Scheme, Aadhar Card, Ration Card, Income Certificate, Caste Certificate, Driving License, SADAREM Certificate, Pattadar Passbook, 2 passport size photographs will be required.
How can you apply?
To apply for this scheme, you must complete the registration process on the Observation Management and Monitoring System (OBMMS) portal. Then, download the form, fill in the correct information, and upload the required documents. Rural applicants should visit the Mandal Praja Palana Seva Kendra (MPPSK), while urban counterparts can visit the municipal corporation or regional commissioner’s offices.
You can take advantage of these central scheme to start a business:-
Startup India
The Government of India launched the Startup India initiative on January 16, 2016. Its goal is to build a strong ecosystem to foster innovation and startups in the country. This will accelerate economic growth and create large-scale employment opportunities. Under this scheme, recognized startups receive investment through a fund of funds worth Rs 10,000 crore. Benefits include tax exemptions, easy registration, and IP (intellectual property) subsidies.