In interesting news, the Telugu Desam Party (TDP) has recently announced that the government will give a monthly allowance of Rs.1000 to every unemployed degree and diploma holders aged between 22 and 35 years.
The state cabinet meeting led by Chief Minister N.Chandrababu Naidu decided to execute this scheme for unemployed youths who hold degree or diploma in Andhra Pradesh. Not sure what other states would react to this move but it could add as an X-factor before the 2019 upcoming elections.
Cabinet Minister Nara Lokesh addressed the reporters post the meeting that registration of unemployed under the scheme will start in 3rd or 4th week of the current month. He further added that within 15 days after the registration, allowance money will be credited to the respective bank accounts of the beneficiaries.
“12 lakh youth in the 22-35 years age group will be benefitted through the scheme. Registration for enrolling into the scheme will start from either third or fourth week of August. It will be extended to all eligible members even if there is more than one in the family.
The scheme won’t be applicable to those paying provident fund. We will implement the scheme in a very transparent manner like a pension scheme. The money will be credited directly into bank accounts through biometric authentication,” Lokesh told reporters.
“Simultaneously, we will impart skill development and train the youth in the fields of their interests. Also, by integrating state and central schemes, we will roll out apprenticeship programme through which the youth can get on-job training and upgrade their skills,” he added.
Lokesh, the son of the Chief Minister, also announced that the allowance money would be credited irrespective of the number of unemployed youths in a family.
As per the Andhra Pradesh government, around 12 lakh unemployed youths will benefit from this scheme. The government has also planned to fill 20,000 job vacancies, 9,000 teacher vacancies and other vacant posts. This new scheme that is to be implemented by the AP government will put an extra burden of Rs 8,000 crore to the state exchequer.