Telangana Dy CM promises support for youth and industrial development
05-Aug-2024 03:31 PM 1457
Khammam (Telangana), Aug 5 (Reporter) Telangana Deputy Chief Minister Bhatti Vikramarka Mallu announced that the government will provide loans, facilities, and support to youth interested in starting industries. Speaking at the foundation stone-laying ceremony for Industrial Park at Endapalli in the Madhira Assembly constituency on Monday, Bhatti highlighted the state's commitment to industrial growth and support for young entrepreneurs. Bhatti stated, "We will grant Rs 20,000 crore in interest-free loans annually to women's self-help societies, which often struggle to find investment opportunities. The government will support them in the industrial sector by providing project reports, bank loans, and marketing facilities. This initiative is being launched in the Madhira constituency." He emphasized the need for diversification, saying, "Relying solely on agriculture can lead to difficulties during challenging times. A balanced development of agriculture, industries, and service sectors will benefit society. There are well-educated people in villages who may not all find jobs. The government is ready to support those interested in industries, which is crucial for the country's future." Bhatti mentioned the government's plans to provide timely loans to village traders to help them expand their businesses in response to changing societal conditions. He noted that setting up an industrial park in Madhira has been a long-held dream, with Rs 44 crore allocated for the park to be built on 55 acres. "We need to call for tenders immediately and commence work on the Madhira Industrial Park quickly. It is essential to raise awareness among unemployed youth about opportunities in industries. We have sanctioned funds for constructing roads connecting the industrial park," Bhatti said. He envisioned the industrial park in Madhira as a state role model, emphasizing accessibility from other areas. The government will offer affordable flats to aspiring entrepreneurs within the industrial park, with reservations for women, as well as SC, ST, and BC communities. Bhatti stressed the government's intention to promote all societal sections, noting Madhira's strategic location near Andhra Pradesh's capital, with Vijayawada-Nagpur and Devarapalli green field highways passing through the constituency, acting as pillars of development. He also mentioned plans to build bypass roads for Madhira town's expansion. Highlighting the potential for comprehensive development, Bhatti said, "Many from Madhira have settled in Khammam, Hyderabad, and America for studies and employment. They will return if comprehensive development is provided here." He promised all the necessary facilities in Madhira town, making it a center for education, industry, and agriculture. He also suggested employing a dedicated staff member at the Industrial Park to manage applications and provide information to those interested in setting up industries...////...
© 2025 - All Rights Reserved - timespage | Hosted by SysNano Infotech | Version Yellow Loop 24.12.01 | Structured Data Test | ^