Mini trucks distribution for unemployed youth in AP
22-11-2020 Sun 20:39
The Andhra Pradesh Government has taken a sensational decision to provide financial security for the poor and unemployed BC, SC, ST, EBC categories, and minority communities. CM YS Jagan led the government to distribute mini trucks with subsidies to selected 9,260 unemployed youths with driving licenses. Reports suggest that these vehicles will be used to carry out the ration goods to households.
According to the government scheme, 30%, i.e., Rs. 1,74,357 will be provided to the selected unemployed youths under a bank loan. The selected unemployed youths have to pay only 10% of the cost, which comes to Rs.58,119 under his/her share. These youths are given the benefit of repaying the loan within six years of taking the loan.
The cost of the mini trucks has been fixed at Rs. 5,81,190 by the state Government, and the selected unemployed youths will receive a 60% subsidy from the Government.
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