Hyderabad, May 22 -- To achieve the objective of issuing loan sanction letters to 5 lakh educated youngsters under the Rajiv Yuva Vikasam scheme on June 2, deputy chief minister Bhatti Vikramarka urged the convener of the state level bankers committee (SLBC) to appoint a nodal officer to coordinate between the banks and the state government, overseeing the scheme's implementation.

Addressing the SLBC meeting held in Hyderabad on Thursday, May 22, he said that the state government was giving Rs 6,250 crore as a subsidy under the Rajiv Yuva Vikasam scheme out of the total Rs 9,000 crore being spent on the scheme.

He pointed out that in the past, self-employment schemes used to be given in the form of a 70 percent loan and a 30 percent sub...