Karnataka government’s 5th guarantee Yuva Nidhi to start from 1 January

The Congress promised to provide monthly financial assistance to unemployed graduates and diploma holders for about two years.

BySouth First Desk

Published Dec 15, 2023 | 11:47 AMUpdatedDec 15, 2023 | 11:53 AM

Yuva Nidhi

The fifth poll guarantee of the Karnataka government — Yuva Nidhi’s registration will start from 26 December.

Under the Yuva Nidhi scheme, the Congress promised to provide monthly financial assistance to unemployed graduates and diploma holders for about two years.

The state government estimated an annual outlay of ₹52,000 crore for the implementation of all five guarantees.

For the fiscal year 2023-24, the government allocated ₹39,575 crore for them. Of that, ₹250 crore was earmarked for the Yuva Nidhi scheme.

Also Read: Karnataka government to launch 5th Congress guarantee — Yuva Nidhi

Implementation from New year

According to Chief Minister Siddaramaiah, the scheme will be implemented from 1 January 2024 and applicants can enrol themselves on the Seva Sindhu portal.

“Those who have completed six months of graduation in the academic year 2022-23 and are not in higher education or any employment are eligible to apply,” the Chief Minister said on X.

The Department of Skill Development is spearheading the works related to the financial assistance scheme for unemployed graduates and diploma holders, which is estimated to benefit around 4 lakh youths across Karnataka.

The scheme will apply to degree holders and diploma pass holders.

He added that under the scheme, monthly financial assistance of ₹3,000 will be provided to unemployed graduates and ₹1,500 to diploma holders. This money will be directly transferred to the beneficiary’s account till they are employed for a maximum period of two years.

After coming to power, the Congress government implemented four guarantees: Shakti Scheme, Gruha Jyothi, Gruha Lakshmi, and Anna Bhagya.

Also read: ‘Guarantees played key part in Congress victory in Telangana’

Who is eligible for Yuva Nidhi?

While announcing the fifth guarantee in the run-up to the Assembly polls, the Congress had declared that the scheme would be beneficial to all unemployed graduates and diploma holders. However, the government altered its stance after coming to power.

According to the Department of Skill Development, “Only those students who completed graduation and diploma in the 2022-23 academic year are eligible to avail the benefits of the scheme.”

It added, “The applicants must not have held a job after six months of completing their studies in the 2022-23 academic year, must be a domicile of Karnataka, and must not enrolled in any Central or state-sponsored self-employment schemes.”

The state government has not yet disclosed the other criteria for the eligibility of this scheme.

(With PTI inputs)