YUVA
NIDHI SCHEME – GOVERNMENT SCHEME
News:
Around 65,000 candidates
enrol for Yuva Nidhi scheme
What's
in the news?
●
As the fifth and final guarantee scheme of
the Congress government, Yuva Nidhi, will be launched officially in Shivamogga
town, around 65,000 candidates had registered for the scheme.
Yuva
Nidhi Scheme:
●
The scheme aims to offer economic security to the youth and reduce
their dependence on others for their financial needs.
●
It was launched by the state of Karnataka.
●
The government will begin the distribution
of allowances in January 2024.
Eligibility:
●
Will be provided six months after their
graduation or diploma completion if they remain unemployed.
●
Must be residents of Karnataka.
●
Must have completed their degree or
diploma in 2022-2023.
Exceptions:
●
Individuals receiving loans under state or central schemes or from banks are
not eligible
●
Those who are benefiting from other
similar schemes are not eligible.
●
Higher
education students are not eligible.
●
Applicants receiving apprentice salaries, or working in the private or
government sectors do not qualify.
Duration:
●
Aid will continue until they secure
employment or for a maximum period of
two years, whichever occurs earlier.
Aid
Amount:
●
Rs.
3,000 per month for unemployed graduates.
●
Rs.
1,500 per month for diploma pass-outs.
Mode
of Transfer: Eligible beneficiaries will receive
monthly financial assistance directly in their bank accounts through Direct Bank Transfer (DBT).
Registration
process:
●
Eligible applicants must register on the
Seva Sindhu website to avail the benefits of the Scheme (online or offline).