Karnataka’s Yuva Nidhi Scheme: ₹11.70 Lakh Disbursed to Over 39,000 Youths in Yadgir
In a significant move to empower the state’s youth, the Karnataka government has disbursed ₹11.70 lakh to 39,132 unemployed youths in the Yadgir district under its flagship Yuva Nidhi scheme. The financial assistance was transferred directly into the beneficiaries’ bank accounts via Direct Benefit Transfer (DBT), marking a crucial implementation milestone for one of the government’s five key election guarantees.
Why in News?
The disbursement in Yadgir highlights the large-scale rollout of the Yuva Nidhi scheme, which is designed to provide a financial safety net for educated but unemployed young citizens. This event is noteworthy as it showcases the government’s commitment to tackling youth unemployment and demonstrates the effective use of digital infrastructure like DBT to ensure transparent and timely delivery of welfare benefits.
Key Features of the Yuva Nidhi Scheme
The Yuva Nidhi scheme is a comprehensive unemployment assistance program with specific criteria:
- Financial Assistance:
- ₹3,000 per month for unemployed graduates.
- ₹1,500 per month for unemployed diploma holders.
- Eligibility:
- Must be a domicile of Karnataka.
- Must have graduated or completed a diploma in the academic year 2022-23.
- Must remain unemployed for at least 180 days (6 months) after the declaration of results.
- Duration of Benefit: The allowance is provided for a maximum period of two years from the date of graduation/diploma completion, or until the beneficiary secures employment, whichever is earlier.
- Application & Verification: Beneficiaries must register on the Seva Sindhu portal and are required to submit a monthly self-declaration confirming their unemployment status to continue receiving the benefits.
Objectives & Significance
- Financial Bridge: To provide immediate financial support to educated youth, bridging the gap between education and employment.
- Empowerment: To empower young job-seekers, allowing them to cover essential expenses while searching for suitable employment without falling into financial distress.
- Promote Accountability: The use of DBT and mandatory self-declaration ensures transparency and reduces leakages.
- Fulfilling Guarantees: The scheme’s implementation fulfills a major promise made by the state government, reinforcing public trust in welfare governance.
Context & Background
The Yuva Nidhi scheme is the fifth of the “5 Guarantees” promised by the Congress government in Karnataka. This ambitious welfare package aims to provide direct financial and social support to various segments of the population.
The other four guarantees that are important for aspirants to know are:
- Shakti: Free travel for women in non-premium government buses.
- Gruha Jyoti: Free electricity for up to 200 units per household.
- Gruha Lakshmi: ₹2,000 monthly assistance to the woman head of a family.
- Anna Bhagya: 10 kg of free rice per month to every member of a BPL household.
Summary / Static Details
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