The Yuva Nidhi Scheme is a flagship initiative by the Government of Karnataka aimed at providing financial assistance to educated unemployed youth. Launched on January 12, 2024, coinciding with the birth anniversary of Swami Vivekananda, the scheme is part of the government’s commitment to empower the youth and reduce unemployment in the state.
Objectives of the Scheme
- Financial Support: Offer monthly financial aid to unemployed graduates and diploma holders.
- Skill Development: Encourage skill enhancement and readiness for employment.
- Economic Stability: Provide a safety net during the job search period.
Eligibility Criteria
To be eligible for the Yuva Nidhi Scheme, applicants must:
- Be residents of Karnataka for at least six years.
- Have completed a degree or diploma in the academic year 2022-23.
- Be unemployed for a minimum of 180 days post-graduation.
- Not be pursuing higher education or engaged in any form of employment.
Benefits Offered
- Monetary Assistance:
- ₹3,000 per month for unemployed graduates.
- ₹1,500 per month for unemployed diploma holders.
- Duration: Assistance is provided for up to two years or until employment is secured, whichever comes first.
- Direct Benefit Transfer (DBT): Funds are directly transferred to the beneficiary’s bank account.
Application Process
Online Application:
- Visit the Seva Sindhu Portal.
- Navigate to the ‘Yuva Nidhi Scheme’ section.
- Fill in the required personal, educational, and bank details.
- Upload necessary documents, including Aadhaar, educational certificates, and bank account details.
- Submit the application and note the application ID for future reference.
Offline Application:
- Obtain the application form from the District Employment Exchange Office.
- Fill in the form with accurate information.
- Attach the required documents.
- Submit the completed application to the office.
Required Documents
- Aadhaar Card
- Residence Proof
- Degree/Diploma Certificates
- Bank Account Details
- Income Certificate
- Caste Certificate (if applicable)
Implementation and Reach
As of July 2024, the scheme has disbursed approximately ₹38.55 crore to over 1.2 lakh beneficiaries. Districts like Belagavi and Bengaluru Urban have reported the highest number of beneficiaries, indicating a positive reception among the youth.
Conclusion
The Yuva Nidhi Scheme represents a significant step by the Karnataka government to address unemployment among educated youth. By providing financial assistance and encouraging skill development, the scheme aims to empower young individuals during their job search, contributing to the state’s socio-economic growth.
