Key Points on Yuva Nidhi Scheme in Karnataka

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Check out the Key Points on Yuva Nidhi Scheme in Karnataka. The Yuva Nidhi Scheme launched by the government of Karnataka aims to provide economic security to the state’s educated unemployed youth. Here are the key details:

Yuva Nidhi Scheme Key Details

Launch and Overview

  • Launched by Karnataka Chief Minister Siddaramaiah and Deputy CM D K Shivakumar in Shivamogga on January 12, 2024.
  • Yuva Nidhi is the fifth poll guarantee of the Congress for educated unemployed youth in Karnataka.

Eligibility and Financial Aid

  • Aimed at providing financial aid to graduates and diploma holders who are unemployed for a maximum of two years.
  • Degree holders are eligible for ₹3,000 per month, and diploma holders are eligible for ₹1,500 per month for two years.

Skill Development

  • Training is provided to registered graduates and diploma holders through the state government’s Skill Connect portal.

Application Process

  • Applications are accepted at Karnataka One, Grama One, Bapuji Seva Kendra, or Seva Sindhu portals.
  • Requirements include an Aadhaar card, bank passbook, ration card, and academic mark sheets.

Duration of Assistance

  • Unemployment allowance is available until the applicant secures a job or for a maximum of two years.

Current Enrollment and Future Funding

  • Approximately 70,000 youths have registered for the Yuva Nidhi scheme.
  • The Karnataka government has allocated ₹250 crore for the scheme in the current year, with expectations of increased funding in subsequent years.

Previous Congress Guarantees

  • Yuva Nidhi is the last of the five guarantees promised by Congress before the 2023 Assembly elections.
  • Previous guarantees include Shakti (free rides for women), Anna Bhagya (10 kg rice for BPL families), Gruha Jyoti (free electricity up to 200 units), and Gruha Lakshmi (₹2,000 per month to women heads of families with APL/BPL ration cards).

Swami Vivekananda’s Birth Anniversary

  • The launch event coincided with the birth anniversary of Swami Vivekananda, and nearly one lakh people was expected to witness the launch.

Suggestions and Requests

  • Minister for School Education Madhu Bangarappa urged the CM to ensure land grants for farmers in the Malnad region.
  • The Deputy Commissioner in Mysuru suggested that the allowance be used for further studies or self-employment initiatives.

Future Funding Projection

– The government expects the funding for Yuva Nidhi to increase to ₹1,200 crores in 2025 and ₹1,500 crores annually from 2026 onwards.

Sources:

AI Content disclosures:

  • This content is generated with the help of ChatGPT with the data provided by The Hindu.

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