The Karnataka Government has launched the Yuva Nidhi Scheme to offer financial support to educated but unemployed youth in the state. This initiative aims to provide economic stability to young individuals, reducing their dependence on others for financial assistance.

The Yuva Nidhi Scheme is a significant effort by the Karnataka state government to enhance the economic opportunities for educated, unemployed youth. This article explores the key aspects of the scheme, including eligibility criteria, application procedures, and the benefits offered. The scheme is designed to provide essential financial aid to help youth support themselves and their families while searching for employment.

Registration for the Yuva Nidhi Scheme begins on December 26, and the government has allocated Rs. 250 crores for its implementation.

Karnataka Yuva Nidhi Scheme 2024 Overview

State Concerned	Karnataka
Scheme Name	Yuva Nidhi Scheme
Starting Date	26 December
Scheme Eligible	Unemployed Graduates and Diploma Holders
Benefits Amount	Rs 3000 Per – Unemployed GraduatesRs 1500 Per Month – Diploma Holders
Yuva Nidhi Scheme Payment Method	DBT
Official Website	sevasindhugs.karnataka.gov.in

Under the Yuva Nidhi Scheme, eligible beneficiaries will receive monthly financial assistance directly deposited into their bank accounts via Direct Bank Transfer (DBT). This support will be provided until they secure employment or for a maximum duration of two years, whichever comes first.

Yuva Nidhi Scheme Benefit Amount

Under the Yuva Nidhi Scheme, the government will provide financial assistance to unemployed youth in Karnataka who completed their degree or diploma in the 2022-2023 academic year:

• Rs. 3,000 per month for unemployed graduates.
• Rs. 1,500 per month for diploma pass-outs.

This aid will be given six months after graduation or diploma completion if the individual remains unemployed. The financial support will continue for up to two years or until the beneficiary finds employment, whichever occurs first.

Yuva Nidhi Scheme Eligibility Criteria

• Residency: Applicants must be residents of Karnataka.
• Educational Qualification: Must have completed a degree or diploma in the 2022-2023 academic year.
• Employment Status: Must not have secured employment within six months of completing their degree or diploma.
• Exclusions: Those already receiving benefits from similar schemes, students pursuing higher education, those receiving apprentice salaries, or individuals working in the private or government sectors are not eligible. Self-employed individuals who have availed loans through state, central schemes, or banks are also ineligible.
• Aadhaar: The Aadhaar card must be linked to the applicant’s bank account.

Yuva Nidhi Scheme Application Registration Process

How to Register?
Eligible candidates must register on the Seva Sindhu website to benefit from the Yuva Nidhi Scheme. Registration can be completed online or offline, though the government has not yet released the registration forms. The start date for registration will be announced soon.

Application Process

1. Visit the Seva Sindhu Guarantee Schemes Portal.
2. Click on the ‘Yuva Nidhi Yojana’ option.
3. Select ‘Click here to apply.’
4. Fill out the application form and upload the required documents.
5. Click ‘Submit’ to receive an acknowledgement number.

1. Visit the Seva Sindhu Guarantee Schemes Portal.
2. Click on the ‘Yuva Nidhi Yojana’ option.
3. Select ‘Click here to download application.’
4. Download the ‘Yuva Nidhi Scheme’ application form.
5. Complete the form, attach the necessary documents, and submit it to the designated officials.

Yuva Nidhi Scheme Required Documents

Applicants must provide the following documents:

• Aadhaar card
• Residence/domicile certificate
• Income certificate
• Educational qualification documents
• Bank account details

Beneficiary Status

The government will publish the list of beneficiaries on the official website. Applicants can check their beneficiary status on the Seva Sindhu Guarantee Schemes Portal after submitting their application.

Benefits of Yuva Nidhi Scheme Karnataka

The Yuva Nidhi Scheme offers several benefits:

• Monthly Unemployment Benefits: Graduates and diploma holders receive monthly financial support.
• Direct Financial Aid: Funds are deposited directly into bank accounts, assisting with expenses.
• Continued Support: Beneficiaries receive aid until they secure employment or for up to two years, promoting financial independence and stability.