I look at this scheme from a different view. At the face of it, this is a loan scheme for young people to help. BUT the underlying purpose of the loan is to 'purchase goodwill'. specially that of young people. Young people who have no assets to their name, no jobs etc or no income will be getting this loan. Hardly any one of them will pay it pay. From the govt's point of view, this is a 'junk' investment. They know there will be very little recovery and they are okay with it. Because in essence, this is not a 'helping hand for youth' rather it is a trade. the people get cash n N league gets the goodwill and people's support. No bank or organization lends money to people with no income or assets.
I believe, if the govt truly wants to do good to the society. they shud invest in health care, sanitation and education in that order of priority. But since an educated population wud make different (read: informed) decision when casting vote, education is not where they want to spend.