Unemployment allowance of Rs.1,000 per month to youth in Andhra Pradesh

The Chandrababu Naidu-led TDP government in Andhra Pradesh is all set to implement a new populist scheme titled “Mukyamantri Yuvanestham” to distribute unemployment allowance of Rs 1,000 per month to youth in the age group of 22- 35 years with prescribed eligibilities.

The estimated annual cost of the scheme is pegged at Rs 8,000 crore. While giving the nod to the scheme at its meeting on Thursday, the AP cabinet said that 12 lakh youth identified by Smart Pulse Survey as unemployed can avail benefit.

Announcing this after the cabinet meeting, IT minister Nara Lokesh said that the online registration process for



this scheme will begin from the second or third week of August. After the registration process is completed, the money will be deposited on a monthly basis in the bank accounts of the beneficiaries, he said. The state government has to spend Rs 600 crore every month to implement the scheme, he added. 

According to Lokesh, the scheme will be implemented on a priority basis equivalent to the old age pension scheme. “While pensions are given to one person in a family, under this unemployment scheme, there is no restriction on the number of people who can avail it,” Lokesh said.