Chandrababu Naidu launches unemployment allowance scheme in Andhra

N Chandra Babu Naidu

Chandra Babu NaiduIn a bid to assure a source of living to skilled graduates in the State, Chief Minister of Andhra Pradesh Nara Chandrababu Naidu on Tuesday launched Mukyamantri Yuvanestam scheme.

This is an unemployment allowance scheme and it is aimed at benefiting around 2.1 lakh unemployed youth in the state. Naidu called upon all the eligible candidates for the scheme to apply anytime for availing the benefits.

The minister also clarified that the scheme is not launched to lure the youths and turn them into vote banks prior to the General Elections but offer them financial support.

He added that the youth should make utilise the benefits of the scheme to attain skills training wherever required and become job-ready.

As of now, the verification of 2.10 lakh out of 6.12 lakh enrolled youth has been already completed, by crediting one rupee each. The complete entitlement will be credited within a couple of days, added Naidu.

During the launch ceremony, Naidu interacted with the students and encouraged them to aim big and set big goals in life and strive to achieve the best for them. MLAs, MLCs, and others across the state participated in the launch of the programme, simultaneously held all over Andhra. Around 2.1 lakh certificates were issued to the beneficiaries, on the day of the launch.

Under the scheme, an unemployed youth will be offered a monetary support of Rs 1000 per month. Further, the state government would also verify their aptitude and ensure required edge by training suitably. The programme would also assist them to tap apprenticeship and training at various industries.

Those who aspire for self-employment, programmes would be crafted for them accordingly. Chief Minister urged the students to become job-providers rather than job-seekers. Naidu addressed the youth and spoke to them about information technology revolution and urged them to take to fourth industrial revolution (4IR) technologies viz., Internet of Things (IoT), Blockchain, Artificial Intelligence (AR) and others.

He asserted that country is set to become a knowledge economy. He assured that the AP government would be streamlining universities and draft a curriculum to meet the industry requirements globally.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.