The proposal, which will be implemented in next financial year, is under consideration of government

Good news for youth who want to acquire self employment skills at no cost. The A.P. State Minorities Finance Corporation (APSMFC) has proposed to equip minority youth in the age group of 18 to 35 years with skills in various trades so that they can set up their own businesses.

Not to be linked with placements

The proposal, which will be implemented during the next financial year, is under active consideration of the government. Unlike the Rajiv Yuva Kiranalu scheme, the new project will not be linked to job placement. Youth will be imparted skills in the choice of their trade and they will be free to set up their own business. This is for the first time that the Corporation will be making a departure from its activities of providing scholarships and fee reimbursement for socio-economic and educational development of minorities.

“We plan to train about 10,000 to 12,000 youth all over the State. The modalities and the budget required for the scheme are being worked out”, said M.A. Waheed, Vice-Chairman and Managing Director, APSMFC.

11 trades identified

The corporation has identified 11 trades based on the interest of the youth. They include automobile mechanic, driving, electronics repair, AC and refrigeration equipment repair, cell phone repair, electrician, carpentry work, mineral water processing equipment technician and entrepreneurship. There are also trades such as fashion designing, beautician and tailoring, which girls can go for.

The placement linked Rajiv Yuva Kiranalu scheme is being implemented in 12 districts where minority population is substantial. But the proposed self-employment scheme will be put into operation all over the State – both in RYK and non-RYK districts. Authorities have not put any educational criteria for availing the scheme but. However, only those youth whose parents annual income is one lakh and below will be eligible for the scheme.

A large number of minority youth are expected to benefit for the self-employment scheme. The total population of minorities in the State is 82,73,654. Of this Muslims account for 69,86,856, Christians 11,81,917, Sikhs 30,998, Buddhist 32,037 and Jains 41,846.

At present, the Corporation is providing subsidy grant for bankable schemes to minorities to set up self-employment units but here no training is imparted. But in the proposed scheme besides training, the Corporation intends to provide subsidy and arrange bank loan as well.