The Karnataka Government has launched a new scheme called the Yuva Nidhi Scheme, which aims to provide financial help to unemployed graduates and diploma holders. The government scheme is designed to support an individual's economic self-sufficiency by providing ₹3,000 to graduates and ₹1,500 to diploma holders every month, which can support them while looking for job opportunities.
Read the article to learn more about the govt scheme, ranging from its meaning and features to eligibility criteria and application process.
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Overview Of Yuva Nidhi Scheme, Karnataka
The table below summarises some key details about the state government scheme that one should know.
| Feature | Details |
|---|
| Launch Year | 2023 |
| Implemented By | Karnataka Government |
| Target Beneficiaries | Unemployed graduates and diploma holders in Karnataka |
| Assistance Amount | ₹3,000 (graduates), ₹1,500 (diploma holders) |
| Duration of Benefits | Until employment or up to 2 years |
| Registration Portal | Seva Sindhu Guarantee Schemes Portal |
What Is The Yuva Nidhi Scheme?
The Yuva Nidhi scheme launched by the Karnataka Government aims at providing unemployment benefits to the educated youth of the state. This scheme takes care of the monthly allowance for professional graduates and diploma holders who do not get employment within six months of their graduation. The main objective is to assist while searching for a job or in case further educational opportunities are being taken up to maintain and be financially self-reliant and less dependent on others.
What Are The Benefits Of The Yuva Nidhi Scheme?
The plan includes assistance for covering unemployed graduates and diploma holders through monthly payment support. The scheme helps them to gain independence while seeking employment. Below are the salient features of this scheme:
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Monthly Financial Assistance: Each unemployed Graduate is to receive a sum of ₹3,000, whereas an unemployed Diploma holder would receive a sum of ₹1,500.
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Direct Transfer: Financial assistance reaches the bank account of all beneficiaries through Direct Bank Transfer (DBT) without the intervention of any third party.
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Economic Stability: It offers a sense of economic stability and self-reliance to the youth.
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Reduced dependence: Beneficiaries of the scheme are no longer financially dependent on anyone for their studies.
Objectives
This scheme aims to assist unemployed young people in Karnataka by easing financial pressure. This enables them to concentrate on looking for good jobs with minimal distractions. The following are the main points of the scheme's objectives:
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Economic Security: To make available an income to unemployed youth in the State of Karnataka.
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Career Support: To motivate degree holders and diploma holders to look for jobs without being under the pressure of finance.
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Reduced Dependency: To assist educated unemployed individuals in being less dependent on families or others.
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Improved Employment Rates: To increase the employment figures in the state by providing substitute means of earning while beneficiaries are looking for a job.
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Yuva Nidhi Scheme Assistance Amount
The financial aid provided to the beneficiaries of the state government scheme is mentioned below in tabular form:
| Educational Qualification | Assistance Amount | Duration |
|---|
| Graduates | ₹3,000 per month | Up to 2 years or until employment |
| Diploma Holders | ₹1,500 per month | Up to 2 years or until employment |
What Is The Yuva Nidhi Scheme Eligibility Criteria?
The eligibility criteria of the Yuva Nidhi Scheme are laid out below in detailed points for one's reference:
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An applicant must be a resident of the state of Karnataka.
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An applicant must have completed a degree or diploma in the 2022 - 2023 academic year.
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Candidates must have completed their degree/diploma six months ago and must be unemployed.
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Candidates who are already registered in other higher studies, earning apprenticeship wages or are working professionals are not eligible to apply for this Yuva Nidhi loan.
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A self-employed person who borrowed from the state or centre schemes is also not eligible.
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An applicant must have an active bank account that is linked to Aadhaar.
What Is The Yuva Nidhi Scheme Registration Process?
Applicants can register for the Yuva Nidhi Scheme through the Seva Sindhu Guarantee Schemes Portal. The process of registration is as follows:
Step 1: Visit the Seva Sindhu portal.
Step 2: Navigate to the ‘new registration’ option.
Step 3: Complete filling in your details and create an account.
What Is The Yuva Nidhi Scheme Apply Online Process?
Applying for the Yuva Nidhi Scheme is easy and can be done online once the portal is active. Make sure to provide accurate details and keep your documents ready. Follow these simple steps to apply:
Step 1: Visit the Seva Sindhu Guarantee Schemes Portal.
Step 2: Click on the Yuva Nidhi Yojana option.
Step 3: Select the Apply Here button.
Step 4: Fill in the application form with accurate details and upload the necessary documents.
Step 5: Submit the form to receive an acknowledgement number for future reference.
Yuva Nidhi Scheme Application Offline
You can also apply for the Yuva Nidhi Scheme offline if you prefer. Just download the application form and submit it with the required documents. Here’s how to apply offline:
Step 1: Visit the Seva Sindhu portal.
Step 2: Download the Yuva Nidhi Scheme Application Form.
Step 3: Fill out the form and attach all required documents.
Step 4: Submit the completed form to the designated government official.
Documents Required
To apply for the Yuva Nidhi Scheme, you need to have quite a few important documents. Before applying, ensure that all the documents are correct and provided. Here is the list of required documents:
Yuva Nidhi Scheme Beneficiary Status
After applying for the Yuva Nidhi Scheme, you have the option to check the status of your application. It is very simple to see if the application is currently under examination. Here’s how to check your status:
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Use your Username and Password to log in to the site.
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Visit the Yuva Nidhi Yojana, click on Beneficiary Status.
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Provide your application ID and watch your status.
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Conclusion
The Yuva Nidhi Scheme is a state govt scheme launched by the state govt of Karnataka for the educated but unemployed youth residing in the state. The scheme aims to support them financially till they get on their own feet and become monetarily independent.
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