Hyderabad, March 17 -- Telangana deputy chief minister Bhatti Vikramarka has announced that five lakh young people from SC, ST, BC, and minority communities, selected to receive bank loans under the Rajiv Yuva Vikasam scheme, will be given their loan sanction letters on 2 June, marking Telangana Formation Day.

He, along with chief minister A Revanth Reddy, formally launched the application process for prospective beneficiaries at the Assembly premises on Monday, 17 March.

Bhatti Vikramarka stated that the scheme aims to provide opportunities for those unable to secure government jobs through competitive exams, enabling them to become self-employed.

He explained that depending on the type of unit, loans ranging from Rs 50,000 to Rs 4,00...