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Karnataka government to commence registration of its fifth guarantee — Yuva Nidhi — on 26 December

Under the scheme, ₹3,000 monthly unemployment assistance will be given to degree holders and ₹1,500 to diploma holders.

Published Dec 21, 2023 | 7:29 PM ⚊ Updated Dec 21, 2023 | 7:29 PM

Yuva Nidhi. (Supplied)

The Karnataka government is all set to launch the registration for its fifth guarantee — Yuva Nidhi — on 26 December, offering unemployment assistance to postgraduates, graduates, and diploma holders across the state who have passed in 2023, Minister Sharanprakash Patil said on Thursday, 21 December.

He said ₹3,000 monthly unemployment assistance will be given to degree holders and ₹1,500 to diploma holders.

The benefit would be given to those who do not get a job even after completion of 180 days from the date of passing of the degree/diploma, Patil said, adding that the candidates are required to prove domicile of Karnataka for a minimum of six years.

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Allowance for two years

The unemployment allowance would be given for a period of two years from the date of announcement of the result or till they become employed/self-employed, whichever is earlier.

The scheme, for which a budget allocation of ₹250 crore has been made, would be launched on the birth anniversary of Swami Vivekananda on 12 January, the Minister for Medical Education and Skill Development, Entrepreneurship and Livelihood told reporters.

The amount will be directly transferred to the bank account of the beneficiaries.

Chief Minister Siddaramaiah and Deputy Chief Minister DK Shivakumar will launch the logo and registration of Yuva Nidhi at the banquet hall of Vidhana Soudha on 26 December, Patil said.

Candidates who are self-employed and continuing higher education are excluded from the scheme.

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The scheme

“This year, ₹250 crore has been allocated (for the scheme). Next year, we are anticipating around ₹1,250 crore (expenditure under the scheme) and the year after that will be approximately ₹2,500 crore,” the minister said.

Those who wish to avail of the benefit can apply by logging on to Seva Sindhu portal, or through Karnataka One, Bengaluru One, Grama One and Bapuji Seva Kendra. The enrollment will be free of cost, he added.

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)