TGMFC Moots Mini-truck Scheme for Minority Youth

Hyderabad: Telangana Minorities Finance Corporation (TGMFC) has proposed a Rs.380-crore scheme for 2026-27, including provision of ‘mini trucks’ to unemployed youth, aiming to increase their livelihood opportunities. Each vehicle costing around Rs 10 lakh will be offered with a subsidy of Rs 5 lakh and a loan of Rs 5 lakh, officials said. “This will help unemployed youths to get back on their feet,” sources told Deccan Chronicle.

The company recently launched an e-scooter scheme under economic support (2025-26) and distributed units worth up to Rs 1.5 lakh with 80 per cent subsidy and 20 per cent beneficiary share. Around 3,000 e-scooters are being given away in partnership with a transport aggregator operating in 25 districts. Suitable candidates will also receive training.

Minorities welfare minister Muhammad Azharuddin said the plans were aimed at making young people financially independent. Current initiatives include Rs.15 crore for tool kits and generators for the Turka Kasha community, Rs.5 crore for mopeds to Fakheer/Dudekula and other vulnerable groups, and Rs.25 crore for one-time grants to minority women under the Indiramma Minority Mahila Yojana Scheme.

Sources revealed that out of Rs.300 crore allocated for 2025-26, only Rs.100 crore has been spent due to shortage of funds. “We have proposed Rs.380 crore for next year, but we are optimistic that at least Rs.250 crore will be allocated for key schemes like distribution of mini trucks,” they said.