On December 26, Karnataka Chief Minister Siddaramaiah unveiled the enrollment for the fifth and final electoral assurance, ‘Yuva Nidhi,’ in Bengaluru. This initiative aims to provide unemployment assistance to graduates and diploma holders. The distribution of allowances is scheduled to commence on January 12, coinciding with the celebration of National Youth Day in honor of Swamy Vivekananda’s birth anniversary. Under this program, eligible graduates will receive ₹3,000, while diploma holders who completed their studies in the 2022-23 academic year will be entitled to ₹1,500 in monetary assistance.
What Is Karnataka Yuva Nidi Yojana 2024
The Yuva Nidhi Scheme stands as a progressive government endeavor in Karnataka, designed to extend crucial financial support to unemployed youth who have successfully completed their degree or diploma courses. Originally introduced by Rahul Gandhi in 2022, ahead of the elections, the scheme is on the brink of implementation.
Under the Yuva Nidhi Scheme, unemployed graduates stand to gain Rs. 3,000 per month for a duration of two years, while diploma holders will receive Rs. 1,500 per month for the same period. The disbursement of these substantial benefits will be facilitated through the efficient Direct Bank Transfer (DBT) mechanism, ensuring a seamless and direct flow of financial assistance to eligible beneficiaries. Embracing the Yuva Nidhi Scheme reflects the government’s commitment to addressing youth unemployment and fostering financial stability for the emerging workforce.
Details Of Karnataka Yuva Nidi Yojana 2024
| Name of the scheme | Karnataka Yuva Nidi Yojana 2024 |
| Announcement was made by | Government Of Karnataka |
| Beneficiary | Graduates Youth from the state who are unemployeed |
| Start Date | 26th December 2024 |
| Benefit Amount | 3,000 & 1,500 Per Month |
| Mode Of Payment | Direct To Bank |
| State | Karnataka |
| Official Website | sevasindhugs.karnataka.gov.in |
What Are The Objective Of Karnataka Yuva Nidi Yojana 2024
The Yuva Nidi Yojana aims to achieve the following objectives, focusing on empowering unemployed youths and promoting their financial well-being
Empowering Unemployed Graduates: The primary objective of the Karnataka Yuva Nidi Yojana is to empower Unemployed Graduates / Diploma holders by providing them with financial support. This initiative enables them to actively contribute to their family’s income and improve their overall financial situation.
Alleviating Poverty: A key goal of the scheme is to alleviate poverty by extending aid to day today facing financial challenges. By offering assistance to those struggling to make ends meet, the program aims to uplift families and enhance their quality of life.
Fostering employment Equality: The Karnataka Yuva Nidi Scheme seeks to promote employment equality by getting free training during the employment period and getting paid monthly until they get employment
Encouraging Self-Reliance: The Karnataka Yuva Nidi Scheme focuses on fostering the independence and self-reliance of unemployed youth. By providing financial support, it enables them to pursue entrepreneurial endeavors, invest in income-generating ventures, or contribute to the household income, thus enhancing their financial autonomy.
Recognizing Unemployment: The Karnataka Yuva Nidi Scheme acknowledges the vital role of unemployed youth and their unpaid labor in maintaining a home. It aims to support them by providing financial assistance, recognizing their dedicated efforts, and ensuring access to resources for their personal needs and aspirations
What Are The Key Features Of Karnataka Yuva Nidi Yojana 2024
The Following are the key features of Karantaka Yuva Nidi Yojana
Recognition and Financial Assistance: The Karnataka Yuva Nidi Scheme acknowledges the invaluable contributions of unemployed youths to their families and provides them with financial assistance. This recognition helps boost their confidence and self-awareness
Enhanced Family Income: Participants of the program receive financial support, enabling them to contribute to their family’s income. This assistance plays a crucial role in improving their overall financial situation and stability.
Improved Quality of Life: Karnataka Yuva Nidi Scheme provides financial support that has a positive impact on the beneficiaries’ quality of life. It allows them to fulfill their basic needs and provides better self-confidence for them self
What Are The Benefits Of Karnataka Yuva Nidi Yojana 2024
The Karnataka government is set to provide financial assistance to unemployed youth who have successfully completed their degree or diploma courses in the academic year 2022-2023. The disbursement plan is as follows
- Unemployed graduates will receive Rs. 3,000 per month.
- Diploma pass-outs will be entitled to Rs. 1,500 per month
This support will be extended six months after their graduation or diploma completion if they continue to remain unemployed. The assistance will either conclude after a duration of two years or upon securing employment within this stipulated period. The initiative underscores the government’s commitment to easing the financial burdens of unemployed youth and promoting economic stability
Who All Are Eligible For Karnataka Yuva Nidi Yojana 2024 | Eligibility Criteria For Karnataka Yuva Nidi Scheme 2024
To be eligible for the Karnataka Yuva Nidi Yojana, applicants must meet the following criteria
- One Must Be The Resident Of Karnataka
- The applicant bank account must be seed with their Aadhar card for Karnataka Yuva Nidi Scheme 2024 to benefit
- The applicant must have completed there Graduations or Diploma in 2022 -23 Year only
- The applicant shall not have any job or any job offer or assurance from any private or government companies
- Any applicant benefited from any similar schemes are not eligible for Karnataka Yuva Nidi Scheme 2024
- Any applicant who have enrolled for higher education or pursuing higher education are not eligible for Karnataka Yuva Nidi Scheme 2024
- Any applicant who are self employed in any form are not eligible for Karnataka Yuva Nidi Scheme 2024
What Are Documents Required For Karnataka Yuva Nidi Scheme 2024 | Documents Required For Karnataka Yuva Nidi Yojana 2024
- Aadhar Card
- Degree Or Diploma completed certificate
- Resident or domicile certificate
- Income Certificate
- Bank Account details
How To Apply For Karnataka Yuva Nidi Scheme 2024 | Application Process OF Karnataka Yuva Nidi Yojan 2024
- Go To sevasindhu1 portal if you have already registred with sevasindhu protal
- If not click here to check how to register for sevasindhu protal
- In sevasindhu Portal enter your mobile number /email id , password or OTP to login
- Ones logged into sevasindhu portal click for ‘Apply For Service’
- Under Apply For Service search for “Yuva Nidi”
- Fill All necessary details along with Aadahr authentication and submit.
- Onces submitted wait for the success status from concerned authority
What Is The Difference Between Karnataka Yuva Nidi Scheme And Karnataka Gruha Lakshmi Scheme
| Scheme Name | Karnataka Yuva Nidi Scheme | Karnataka Gruha Lakshmi Scheme |
| Announcement was made by | Government Of Karnataka | Government Of Karnataka |
| Beneficiary | Graduates Unemployed Youths | Only House Wife |
| Beneficiary Amount | 3,000 & 1,500 | 2,000 |
| State | Karnataka | Karnataka |
| Mode Of Payment | Direct To Bank | Direct To Bank |
| Application | Online | Online / Offline |
FAQ Of Karnataka Yuva Nidi Scheme 2024
- What Is Karnataka Yuva Nidi Scheme
Under the Yuva Nidhi Scheme, unemployed graduates stand to gain Rs. 3,000 per month for a duration of two years
- When Will Karnataka Yuva Nidi Scheme start
Karnataka Yuva Nidi Scheme is launched on 26th December 2023
- Who all can apply for Karnataka Yuva Nidi Scheme
Any graduates or diploma holders who are passed out of 2022-23 and are unemployed
- How much amount will be given under Yuva Nidi Scheme
Unemployed graduates will receive Rs. 3,000 per month.
Diploma pass-outs will be entitled to Rs. 1,500 per month
- What Is The Last Date To Apply For Yuva Nidi Scheme
As on date there is no information available
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