Hyderabad, March 16 -- Telangana government has invited applications under the Rajiv Yuva Vikasam scheme for SC/ST/BC young men and women to avail loans for self-employment from March 17 to April 5.

Under the scheme, the state government would spend Rs 6,000 crore to assist 5 lakh youngsters from Scheduled Castes (SCs), Scheduled Tribes (STs) and Backward Classes (BCs) backgrounds to secure loans from Rs 1 lakh per unit to Rs 3 lakh per unit.

A subsidy of 80 percent for Rs 1 lakh worth unit, 70 percent for Rs 2 lakh unit, and 60 percent for Rs 3 lakh unit will be offered under the schemes, implemented with the respective departments' welfare corporations of these sections.

Interested applicants can find out the eligibility criteria, an...