Finance Minister Buggana Rajendranath Reddy has given a commitment in the 2019-20 budget on creation of jobs.
Seen as a measure that none of his predecessors had even thought of, Mr. Rajendranath Reddy, presenting the budget on Friday, said a Bill would be enacted to provide 75% reservation for local youth in industries that avail incentives provided by the government.
Mr. Rajendranath Reddy stated that the government was in the process of bringing proposed legislation for generating employment even without the Special Category Status (SCS).
The government allocated ₹573 crore for providing industrial incentives to attract investments and ₹250 crore for the Kadapa Steel Plant (KSP), which would pave the way for industrialisation of the Rayalaseema region.