The Karnataka Government has initiated the Yuva Nidhi Scheme to provide financial support to educated unemployed youth in the state. This scheme aims to offer economic security to the youth and reduce their dependency on others for their financial needs.
The Yuva Nidhi Scheme in Karnataka, launched by the state government, is a commendable initiative to bolster the economic prospects of educated, unemployed youth. In this article, we delve into the intricate details of this scheme, which provides crucial financial assistance to the youth, enabling them to support themselves and their families while seeking employment. From eligibility criteria and application procedures to the benefits offered, we present a comprehensive guide to help you navigate the Yuva Nidhi Scheme and understand its significance in empowering the youth of Karnataka.
The registration for this scheme starts on December 26, and the government has allotted Rs. 250 crores for Yuva Nidhi.
Update on Yuva Nidhi Scheme Launch
Karnataka Chief Minister Siddaramaiah on December 26 launched the registration of the fifth and last poll guarantee ‘Yuva Nidhi’ in Bengaluru offering unemployment assistance to graduates and diploma holders.
The government will begin the distribution of allowances on January 12, the day when national youth day is celebrated to mark Swamy Vivekananda’s birth anniversary
Karnataka Yuva Nidhi Scheme Overview
| State Concerned | Karnataka |
| Scheme Name | Yuva Nidhi Scheme |
| Starting Date | 26 December |
| Scheme Eligible | Unemployed Graduates and Diploma Holders |
| Benefits Amount |
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| Yuva Nidhi Scheme Payment Method | DBT |
| Official Website | sevasindhugs.karnataka.gov.in |
Monthly Financial Assistance:
Under the Yuva Nidhi Scheme, eligible beneficiaries will receive monthly financial assistance directly in their bank accounts through Direct Bank Transfer (DBT). This financial aid will continue until they secure employment or for a maximum period of two years, whichever occurs earlier.
Yuva Nidhi Scheme Benefit Amount
The government will disburse the following amounts to unemployed youth in Karnataka who have completed their degree or diploma courses in the academic year 2022-2023:
- Rs. 3,000 per month for unemployed graduates.
- Rs. 1,500 per month for diploma pass-outs.
This assistance will be provided six months after their graduation or diploma completion if they remain unemployed. However, it will cease either after two years or as soon as they secure employment within this period.
Yuva Nidhi Scheme Eligibility Criteria
Who Can Apply? To be eligible for the Yuva Nidhi Scheme, applicants must meet the following criteria:
- Applicants must be residents of Karnataka.
- They must have completed their degree or diploma in 2022-2023.
- Applicants should not have secured employment within six months after completing their degrees or diplomas.
- Those already benefiting from similar schemes or programs will not be eligible.
- Students pursuing higher education, receiving apprentice salaries, or working in the private or government sectors do not qualify.
- Self-employed individuals who have availed loans through state, central schemes, or banks are not eligible.
- Aadhaar must be linked to the applicant’s bank account to benefit from this scheme.
Yuva Nidhi Scheme Application Registration Process
How to Register? Eligible applicants must register on the Seva Sindhu website to avail the benefits of the Yuva Nidhi Scheme. Registration can be done online or offline, although the government has not yet released the registration forms. The commencement date for the registration process is expected to be announced soon.
Application Process
Online Application: The online application process involves the following steps:
- Visit the Seva Sindhu Guarantee Schemes Portal.
- Click on the ‘Yuva Nidhi Yojana’ option.
- Select ‘Click here to apply.’
- Fill out the application form and upload the required documents.
- Click the ‘Submit’ button to receive an acknowledgement number.
Application Form Download: To download the scheme’s application form, follow these steps:
- Visit the Seva Sindhu Guarantee Schemes Portal.
- Click on the ‘Yuva Nidhi Yojana’ option.
- Choose ‘Click here to download application.’
- Download the ‘Yuva Nidhi Scheme’ application form.
- Complete the form, attach the necessary documents, and submit it to the concerned officials.
Yuva Nidhi Scheme Required Documents
Essential Documentation: Applicants need to provide the following documents for the Yuva Nidhi Scheme:
- Aadhaar card
- Residence/domicile certificate
- Income certificate
- Educational qualification documents
- Bank account details
Beneficiary Status
The government will publish the beneficiary list on the official website. Applicants can check their beneficiary status on the Seva Sindhu Guarantee Schemes Portal after applying for the Yuva Nidhi Scheme.
Benefits of Yuva Nidhi Scheme Karnataka
Empowering the Youth: The Yuva Nidhi Scheme in Karnataka offers numerous benefits:
- Graduates and diploma holders receive monthly unemployment benefits.
- Financial aid is deposited directly into their bank accounts, enabling them to meet their expenses.
- Beneficiaries continue to receive support until they secure employment or a maximum of two years, ensuring financial independence and stability.