Yuva Nidhi
| Yuva Nidhi | |
|---|---|
 | |
| Type of project | Provides unemployment allowance to educated youth |
| State | Karnataka |
| Ministry | Department of Skill Development, Entrepreneurship, and Livelihood |
| Key people |
|
| Launched | 12 January 2024 Shivamogga |
| Status | active |
The Yuva Nidhi Scheme is an unemployment allowance program launched by the Government of Karnataka on 12 January 2024.[1] The scheme provides monthly financial assistance to unemployed graduates and diploma holders who are residents of Karnataka.[2]
Background
[edit]The Yuva Nidhi Scheme was implemented as part of the Indian National Congress's election promises in Karnataka, referred to as the fifth guarantee by the state government.[3] The Congress had promised to provide monthly financial assistance to unemployed graduates and diploma holders for approximately two years during their election campaign.[4]
Launch and implementation
[edit]The scheme was officially launched on January 1, 2024, with registration beginning on December 26, 2023.[5] Applications are processed through the Seva Sindhu portal, Karnataka's integrated service delivery platform.[6] The scheme is administered by the Department of Skill Development, Entrepreneurship and Livelihood of the Government of Karnataka.
Eligibility criteria
[edit]To be eligible for the Yuva Nidhi Scheme, applicants must meet specific requirements. Candidates must be residents of Karnataka and have completed their graduation or diploma.[7] Additionally, applicants must remain unemployed for a minimum period of six months after graduation and must not be engaged in higher education or any form of employment during the application period.[8]
Benefits
[edit]The scheme provides differentiated monthly financial assistance based on educational qualification. The Karnataka government has promised to give Rs 3,000 per month to degree holders and Rs 1,500 per month to diploma holders who were unable to get a job in the past six months and are not pursuing higher studies.[9] The financial assistance is provided for a maximum period of two years or until the beneficiary secures employment, whichever occurs earlier. The money is directly transferred to the beneficiary's bank account through the digital payment system.
Administrative requirements
[edit]Beneficiaries are required to submit monthly self-declarations through the online portal to maintain their eligibility for the scheme.[10] If beneficiaries join higher education or secure employment, they must submit this information through the portal to discontinue their benefits. In March 2025, the government extended the self-declaration period by three months to provide additional flexibility to beneficiaries.[11]
Budget allocation
[edit]The Yuva Nidhi Scheme is part of Karnataka's broader guarantee schemes that receive substantial budget allocation. In the 2024-25 budget, the Karnataka government allocated approximately ₹52,000 crore for all guarantee schemes combined.[12] The state government has maintained its commitment to these welfare measures despite criticism regarding their sustainability.[13]
Target beneficiaries
[edit]The scheme specifically targets recent graduates and diploma holders who have been unable to secure employment within six months of completing their education. It aims to provide temporary financial support during the job search period and reduce the economic burden on unemployed youth and their families. The program addresses the challenge of youth unemployment in Karnataka by providing direct financial assistance while beneficiaries search for suitable employment opportunities.
See also
[edit]External links
[edit]References
[edit]- ^ "Siddaramaiah launches 'Yuva Nidhi' scheme for unemployed youth in Karnataka's Shivamogga". Deccan Herald. January 12, 2024. Retrieved July 28, 2025.
- ^ "Yuva Nidhi Scheme Karnataka: Eligibility, Registration, How To Apply Online, Benefits". ClearTax. July 17, 2023. Retrieved July 28, 2025.
- ^ "Karnataka government's 5th guarantee Yuva Nidhi to start from 1 January". The South First. December 15, 2023. Retrieved July 28, 2025.
- ^ "Karnataka government's 5th guarantee Yuva Nidhi to start from 1 January". The South First. December 15, 2023. Retrieved July 28, 2025.
- ^ "Karnataka govt to roll out 5th guarantee, Yuva Nidhi; registration on Dec 26". Deccan Herald. December 13, 2023. Retrieved July 28, 2025.
- ^ "Karnataka govt to roll out 5th guarantee, Yuva Nidhi; registration on Dec 26". Deccan Herald. December 13, 2023. Retrieved July 28, 2025.
- ^ "Yuva Nidhi Scheme Karnataka: Eligibility, Registration, How To Apply Online, Benefits". ClearTax. July 17, 2023. Retrieved July 28, 2025.
- ^ "Siddaramaiah launches 'Yuva Nidhi' scheme for unemployed youth in Karnataka's Shivamogga". Deccan Herald. January 12, 2024. Retrieved July 28, 2025.
- ^ "Siddaramaiah launches 'Yuva Nidhi' scheme for unemployed youth in Karnataka's Shivamogga". Deccan Herald. January 12, 2024. Retrieved July 28, 2025.
- ^ "Yuva Nidhi: Self-declaration period extended for 3 months". Deccan Herald. March 17, 2025. Retrieved July 28, 2025.
- ^ "Yuva Nidhi: Self-declaration period extended for 3 months". Deccan Herald. March 17, 2025. Retrieved July 28, 2025.
- ^ "Karnataka Budget 2024 LIVE, key takeaways and highlights: Budget outlay pegged at ₹3,71,383 crore, ₹52,000 crore for guarantee schemes". The Hindu. February 16, 2024. Retrieved July 28, 2025.
- ^ "Karnataka 2025-26 budget reiterates commitment to guarantees". The South First. March 7, 2025. Retrieved July 28, 2025.