Hyd: Bhatti urges banks to appoint nodal officer for scheme
The Telangana government’s ambitious Rajiv Yuva Vikasam scheme, aimed at issuing loan sanction letters to 5 lakh educated youngsters on June 2, has received a significant boost with Deputy Chief Minister Bhatti Vikramarka urging the convener of the state level bankers committee (SLBC) to appoint a nodal officer to oversee the scheme’s implementation.
The scheme, launched to provide financial assistance to the youth of the state, has been gaining momentum with the state government working closely with banks to ensure its successful execution. However, to achieve the ambitious target of sanctioning loan letters to 5 lakh students, the government has emphasized the need for effective coordination between the banks and the state government.
Speaking to the convener of the SLBC, Bhatti Vikramarka stressed the importance of appointing a nodal officer to coordinate between the banks and the state government. He pointed out that the nodal officer would play a crucial role in facilitating the smooth implementation of the scheme and ensuring that the target is met.
“We are working tirelessly to provide financial assistance to the youth of the state under the Rajiv Yuva Vikasam scheme. To achieve our goal of issuing loan sanction letters to 5 lakh students, it is essential that we have a nodal officer who can coordinate between the banks and the state government,” Bhatti Vikramarka said.
The Deputy Chief Minister further emphasized that the nodal officer would be responsible for resolving any issues that may arise during the implementation of the scheme and ensure that the banks are providing the necessary support to the students.
The Rajiv Yuva Vikasam scheme is a flagship program of the Telangana government aimed at providing financial assistance to the youth of the state. Under the scheme, the government is providing a loan of Rs. 1.5 lakh to each student to pursue higher education or start a business.
The scheme has been designed to benefit students who have completed their graduation or higher education and want to pursue higher studies or start a business. The loan amount can be used for various purposes such as pursuing a postgraduate degree, starting a small business, or pursuing vocational training.
The Telangana government has been working closely with banks to ensure the successful implementation of the scheme. The banks have been asked to set up dedicated teams to handle the scheme and provide necessary support to the students.
The scheme has been gaining popularity among the students of the state, with many applying for the loan. The government has set a target of issuing loan sanction letters to 5 lakh students by June 2, and the nodal officer appointed by the SLBC will play a crucial role in achieving this target.
The appointment of a nodal officer is expected to facilitate the smooth implementation of the scheme and ensure that the target is met. The nodal officer will be responsible for resolving any issues that may arise during the implementation of the scheme and ensure that the banks are providing the necessary support to the students.
The Telangana government’s initiative to provide financial assistance to the youth of the state is likely to have a significant impact on the state’s economy. The scheme is expected to create jobs and stimulate economic growth, making it an important step towards the state’s development.
In conclusion, the appointment of a nodal officer to oversee the implementation of the Rajiv Yuva Vikasam scheme is a significant step towards achieving the scheme’s objectives. The nodal officer will play a crucial role in facilitating the smooth implementation of the scheme and ensuring that the target is met. The scheme is expected to have a significant impact on the state’s economy and the youth of the state, making it an important initiative by the Telangana government.
