The Government of Telangana has started a new initiative TS Unemployed Loan Scheme, to provide self-employment and new business opportunities to the youth of the state. Under this scheme, the government will provide a subsidy on the loan to the youth of the state belonging to different categories. With the help of this amount, the youth of the state will be able to start self-employment opportunities and their own business without worrying about any financial hurdle. The benefit of this scheme will be provided to around 5 unemployed youth in the state. In this article today, you will learn more about the TS Unemployed Loan Scheme, such as benefits, eligibility criteria, important documents and the application procedure to apply.
What is the TS Unemployed Loan Scheme?
The respected chief minister, Revanth Reddy of Telangana, has introduced a new scheme to provide employment opportunities and business opportunities to the youth of the state. Under the TS Unemployed Loan Scheme, the government will provide a loan subsidy amount of INR 3 lakhs to the youth of the state so that they can start a new journey in business. With the help of this scheme, the youth of the state will start self-employment and new business opportunities, which will help other people of the state to get employment opportunities also. The Congress party has targeted around 5 lakh unemployed youth of the state to get the benefit of this scheme. The candidate must belong to the SC, ST, BC and minority communities to take the benefit of this scheme.
Objective of the TS Unemployed Loan Scheme
The primary objective of the TS Unemployed Loan Scheme is to provide the opportunity to start their own business with the help of a loan amount of up to INR 3 lakhs. With the help of this loan amount, the eligible people of the state will be able to start their own small business and also will be able to generate job opportunities. With the help of this scheme, the youth of the state will be able to improve the economy of the state. The government has sanctioned INR 6 crores for the successful implementation of this scheme. They will be able to set up small industries and businesses for over 3 lakh subsidy loans. Also, the people will be able to buy the equipment and the machinery to start their own entrepreneurship journey.
Application Process
To get the benefit of this scheme, an applicant must follow the procedure given below:-
- First, an applicant must visit the TSOBMMS Website.
- The home page will appear on your screen.
- On the home page, click the Application Form option.
- The registration form will appear on your screen.
- Here you have to fill out the details carefully and attach all the important documents before submission.
- After that, click on the submit option.
- By following this procedure, you can easily apply under this scheme.
Short Highlights of the Scheme
| Name | TS Unemployed Loan Scheme |
| Launched by | Government of Telangana |
| Objective | Providing opportunities to start a new business |
| Launched for | Unemployed youth of the State |
| Official Website | https://tgobmms.cgg.gov.in/ |
Benefits of the Scheme
- The government will provide a subsidy on the loan amount of up to INR 3 lakhs.
- The subsidy will be provided according to the categories of 80%, 70% and 60%.
Subsidy Rates
| INR 1 lakhs | 80% |
| INR 2 lakhs | 70% |
| INR 3 lakhs | 60% |
Eligibility Criteria
- The candidate must be a permanent president of Telangana.
- An applicant must belong to the SC, ST, BC and minority communities.
- The age of the applicant should be between 18 to 35 years.
Ineligibility Criteria
- The candidates who are not permanent residents of the state are excluded.
- The candidate must belong to the SC, ST, BC and the minority community.
- Applicants below 18 years or above 35 years are excluded
- The candidates who are already running a business are excluded
- The students who are not able to provide the valid documents are not eligible.
Salient Features
- Promotes Entrepreneurship Opportunities:- With the help of this scheme, the government will be able to promote entrepreneurship opportunities across the state.
- Boost Employment Rates:- It will also help boost the employment rate of the state
- Improvise Economic Growth:- The main objective of the government by launching this scheme is to improve the economic growth
- Support Minority Community:- This scheme will support the minority community students, such as SC, ST and minorities.
Required Documents
- Aadhar card
- Ration card
- Residence certificate
- Income certificate
- Caste certificate
- Passport-size photograph
Helpline Number
- Email:- helpdesk.obms@cgg.gov.in
FAQs
Who created the TS Unemployed Loan Scheme?
The Government of Telangana has created the scheme
Who is eligible to apply for the TS Unemployed Loan Scheme?
The unemployed youth of the state are eligible to apply
How to apply for the TS Unemployed Loan Scheme?
Applicants can apply by visiting the official website
What is the benefit of the TS Unemployed Loan Scheme?
The applicant will be provided with the subsidy on loan amount.
Khushi Singh
Khushi Singh is a content writer with 3 years of experience in government schemes. She writes simple and helpful articles that guide people to understand and benefit from public welfare programs.