Most backward classes already given Rs 1,000 crore: K Chandrasekhar Rao

Hyderabad: The Telangana Chief Minister K. Chandrasekhar Rao has scrapped the rule requiring post-graduate medical students to work for a year in a government hospital. Though the PG students have been agitating against mandatory government service rule for the past four years, the government did not heed to their demand.

KCR, who is on sops announcing spree in the election year to please all sections before the 2019 general elections, took the decision all of a sudden to scrap mandatory government service rule.

KCR said that the most backward classes corporation was already given '1,000 crore and allocations will also be made in this year’s Budget. In the past, under the economic support scheme, backward classes were given 60 per cent subsidy ('60,000 per '1 lakh) to set up any unit under self employment scheme. Since this was not deemed sufficient, the CM said an increase in the subsidy component and financial assistance should be given to set up 12 lakh units.

The CM instructed that for a loan of '1 lakh, the subsidy should be 80 per cent ('80,000), for '2 lakh loan the subsidy should be 70 per cent ('1.40 lakh) for the units ranging from '2 lakh to 12 lakh, the subsidy should be 60 per cent (maximum limit of '5 lakh). The CM signed on the file pertaining to subsidies to be given under self-employment schemes for the MBCs.

The CM is also expected to announce various sops to all sections in the Budget to be presented next week. The financial assistance for parents under Kalyana Laxmi/ Shaadi Mubarak to perform marriage of their daughters is being hiked from '75,000 to '1 lakh in the Budget. Another '15,000 crore is being sanctioned towards farmers’ sops.