Unemployment is a big problem in India due to its large population and slow job growth. The youth and educated individuals are especially affected, facing challenges in finding suitable jobs. To tackle unemployment, the Government of Karnataka has launched the Yuva Nidhi Scheme for unemployed youth of the state. Through this scheme, the youth don’t have to be dependent on anyone for their financial needs. In this article, we will discuss the Yuva Nidhi Scheme 2024 in detail. I hope at the end of the article, you won’t have any doubt left regarding the scheme anymore.
Please note that this scheme is a part of one of the five guarantee schemes that was announced by the Congress party at the cabinet meeting on June 02, 2024.Â
What is Yuva Nidhi Scheme 2024?
Karnataka Yuva Nidhi Scheme 2024 is an economic security scheme that will be provided to the youth in the form of incentives. The educated unemployed youth will get a monthly incentive to support themselves so that they do not have to depend on anyone for their financial needs. The only eligibility one would have to be educated (Graduate and Diploma) enough to avail the benefit of the scheme. The money will be sent directly to the bank accounts directly via Direct Bank Transfer (DBT). This benefit will continue until you find a job or two years, whichever is earlier.Â
On December 26, 2023, enrollment is set to commence for the Karnataka government’s Yuva Nidhi scheme. Scheduled to be implemented from January 1, 2024, interested individuals can register on the Seva Sindhu website. For comprehensive details on the Karnataka Yuva Nidhi Scheme, including highlights, objectives, benefits, assistance amounts, eligibility criteria, required documents, and application procedures, please refer below.Â
| Yuva Nidhi Scheme 2024 Key Highlights | |
| Yuva Nidhi Scheme 2024 Launch Date | July 07, 2023 |
| Yuva Nidhi Scheme Official Website | Seva Sindhu Portal |
| Yuva Nidhi Scheme 2024 Objectives | To provide an incentive to Educated Unemployed Youth |
| Yuva Nidhi Scheme 2024 Beneficiaries | Unemployed Educated Youth of Karnataka |
| Yuva Nidhi Scheme Incentive Amount | Rs.3,000 per month to unemployed graduates Rs.1,500 per month for diploma pass-outs |
| Yuva Nidhi Scheme Start Date | December 26, 2023 |
| Yuva Nidhi Scheme 2024 Mode of Application | Offline/Online |
| Yuva Nidhi Scheme 2024 Helpline Number | 08022279954 / 8792662814 / 8792662816 |
Yuva Nidhi Scheme 2024 Objective
The prime objective of the Yuva Nidhi Scheme is to provide financial assistance to the educated unemployed youth of the state so that they do not have to rely on others for their day-to-day needs. Through this scheme, they will be able to pursue their dream of achieving their desired job without any financial constraints.
Yuva Nidhi Scheme 2024 in News | What’s New?
The Congress government led by Siddaramaiah in Karnataka is set to launch the Yuva Nidhi scheme, targeting the provision of monthly allowances to unemployed individuals with degrees and diplomas. Randeep Singh Surjewala, AICC general secretary in charge of Karnataka, announced that the registration process for the rollout of the Yuvaa Nidhi scheme, the party’s fifth guarantee initiative, will commence by the end of December.
The scheme pledges honorariums to unemployed graduates and ITI graduates, fulfilling the party’s commitment. Mr. Surjewala stated that the State government has allocated ₹38,000 crore for all five guarantee schemes in the current year. Notably, he highlighted that 4.30 crore people in the State have already benefited from the four major guarantee schemes implemented thus far.
Yuva Nidhi Scheme 2024 Benefits
There are numerous benefits of the recently launched Yuvaa Nidhi Scheme 2024. Some of it has been listed below.Â
- Every month, unemployed graduates and diploma holders in the state will receive unemployment benefits directly deposited into their bank accounts, ensuring they can cover their expenses.
- This financial aid will continue until they secure employment or for two years, granting them independence from financial reliance on others.
- Consequently, this scheme will provide the beneficiaries with economic stability and financial support.
Yuva Nidhi Scheme Incentive Amount 2024
The Yuvaa Nidhi Scheme will offer a specified amount to unemployed young individuals in Karnataka who have completed their degree or diploma course in the academic year 2022-2024. The following amount will be given to the unemployed youth under the Yuvaa Nidhi Scheme 2024.Â
|                     Yuvaa Nidhi Scheme 2024 Incentive Amount | |
| For Unemployed Graduate | Rs.3,000 |
| For Diploma Pass-Outs | Rs.1,500 |
- The government will provide the amount to the youths after six months from their graduation or diploma completion, provided they are still unemployed at that time.
- This amount will be given to them only for two years or as soon as the youth gets the job. (Whatever is earlier).
Yuva Nidhi Scheme Eligibility Criteria 2024
To avail the benefits of the Yuvaa Nidhi Scheme 2024, it is important to check the eligibility criteria. Therefore, it is important to have a checklist of Yuva Nidhi Eligibility criteria before coming to any conclusion. Here is the complete list of eligibility criteria for the scheme.
- You must be residents of Karnataka.
- You should have completed your degree or diploma in the academic year 2022-2024.
- You must have remained unemployed for six months after completing your degree or diploma.
- Individuals already benefiting from similar schemes or programs will not be eligible for this scheme.
- Please note that those pursuing higher education, receiving apprentice salaries, or employed in the private or government sectors are not eligible.
- Self-employed individuals who have availed loans under state, central schemes, or banks are also not eligible.
- Additionally, applicants must have their Aadhaar linked to their bank account to avail the benefits of this scheme.
Yuva Nidhi Scheme 2024 Documents Required
It is essential to have all the necessary documents to avail the benefits of the Yuva Nidhi Scheme. Below is the comprehensive list of documents required for the Yuva Nidhi Scheme 2024.
- Aadhaar card: You must have an Aadhar Card which is a unique 12-digit identification number issued by the Indian government to residents of India. In case you don’t have one, you can apply for it at the nearest CSC center.
- Residence/Domicile certificate: You must have a domicile in Karnataka.Â
- Income certificate: An income certificate is an official document provided by the government that validates an individual’s or family’s income.
- Educational Qualification: The unemployed young individuals in Karnataka who have completed their degree or diploma course in the academic year 2022-2024. You must have a valid Degree/Diploma.Â
- Bank account details: This is required to facilitate DBT in this case and ensure that it is being given to the eligible beneficiary. The financial assistance will be given through your bank account only.
Yuva Nidhi Scheme Apply Online
To avail of the benefits of the Yuva Nidhi Scheme, eligible applicants must register on the Seva Sindhu website. You can apply online through the Seva Sindhu Portal. The government announced the registration commencement date. The registration process for the Yuvaa Nidhi Scheme was released on December 26, 2024. The Yuva Nidhi Scheme Last Date has not been announced yet. Don’t miss this opportunity for a brighter future!
How to Yuva Nidhi SchemeApply Online?
As mentioned above the Yuva Nidhi Scheme online process for registration has been commended on December 26, 2023. For the Yuva Nidhi Scheme apply online, you need to first register yourself on the Seva Sindhu Portal. Only then, you will be able to apply for this scheme. It is advised to follow these steps very carefully.Â
- Visit the official Seva Sindhu portal website to register for the Karnataka Yuva Nidhi scheme.
- On the homepage, locate and click on the “New User Register Here” option.
- Enter your Aadhaar number in the designated box.
- Provide the capture code and proceed by clicking on the “Next” option.
- A new page will appear, presenting a Yuva Nidhi Scheme application form.
- Fill in the required details, including name, address, personal information, etc.
- Upload the necessary documents as specified.
- Review the provided information carefully.
- Click on the “Register” option at the end to complete the registration process on the portal.
- Subsequently, log in to easily apply for the scheme.
How to Check Yuva Nidhi Scheme Beneficiary Status
After applying for the Yuvaa Nidhi Scheme, applicants can conveniently check the beneficiary status on the official website. The government will release the scheme’s beneficiary list on the Seva Sindhu Guarantee Schemes Portal, providing easy access for verification.
Yuva Nidhi Scheme FAQs
What is Yuva Nidhi Scheme 2023?
Under the Yuva Nidhi Scheme, the educated unemployed youth will get a monthly incentive to support themselves so that they do not have to depend on anyone for their financial needs.
What amount will be given to the unemployed graduate youth?
A total of Rs 3000 will be provided to the unemployed graduate youth under the Yuva Nidhi Scheme.Â
What are the Yuva Nidhi Scheme Eligibility?Â
You must be residents of Karnataka.
You should have successfully completed your degree or diploma in the academic year 2022-2023.
You must have remained unemployed for six months after completing your degree or diploma.
Individuals already benefiting from similar schemes or programs will not be eligible for this scheme.
What documents are required in the Yuvaa Nidhi Scheme?
Aadhaar Card
Bank account
Passport size photo
Permanent certificate
Income certificate
Educational qualification document
Mobile number etc.
For more details on that, please refer to the article.Â
When is the Yuvaa Nidhi Scheme registration process going to commence?
The Yuva Nidhi Scheme start date is going to commence on December 26, 2023. Interested candidates are advised to register themselves on Sevs Sindhi Porta beforehand so that they can apply on the portal without any hassle.Â
| Karnataka Five Guarantee Schemes | |
| Karnataka Shakti Scheme 2023 | Women to Get Free of Cost Bus Service across Karnataka | |
| Anna Bhagya Scheme 2023 | People of Karnataka to Get 10 Kg of Rice Per Month | |
| Gruha Lakshmi Yojana 2023 | Women of Karnataka to Get Rs 2000/Month from Aug 15, 2023 | |
| Karnataka Gruha Jyothi Scheme |
I am a graduate but it’s only 3 months that I have lost my job. Can I apply for the scheme?