Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

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.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

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.

AdvertisementSAAS

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.

AdvertisementInfoComm India 2026

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.

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➔ www.eletsonline.com/subscription/

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.

Our Coverage of Jobs

Accounts Officer and Cash Accountant at State Cooperative Election Authority Maharashtra

Jobs · BFSIState Cooperative Election Authority Maharashtra invites applications from retired Maharashtra State Government officers for 3 contract… Read more →

SBI Risk Specialist Recruitment 2026 at State Bank of India (SBI)

Jobs · BFSIState Bank of India invites online applications from eligible finance professionals for 3 Risk Specialist vacancies… Read more →

DVC Expert Finance Recruitment 2026 at Damodar Valley Corporation (DVC)

Jobs · BFSIDamodar Valley Corporation invites online applications from experienced finance professionals for one Expert Finance (For SAP)… Read more →

Chief Manager, Manager at State Bank of India (SBI)

Jobs · BFSIState Bank of India is recruiting 7 Specialist Cadre Officers — 1 Chief Manager and 6… Read more →

IISER Mohali Seeks Internal Audit Officer on Contract

Jobs · BFSIIISER Mohali invites retired IA & AD officers to appear for a walk-in interview for one… Read more →

Barclays to create 1,000 jobs to assist customers throughout current inflationary period

Barclays Public Limited Company (PLC) aims to recruit more than 1,000 people in the next few weeks to… Read more →

whatsapp--v1