In a significant boost to graduates in search of employment, the Karnataka Yuva Nidhi scheme has provided unemployment payment to 39,132 youth with a total of ₹11.70 lakh in Yadgir district. The Yuva Nidhi scheme specifically targeted poorly educated and poorly skilled unemployed degree and diploma holders and provided funds through direct transfer to bank accounts.
The Karnataka Yuva Nidhi scheme has successfully processed a total of ₹11.70 lakh in financial support for the 39,132 eligible unemployed youth in Yadgir district. The Karnataka Yuva Nidhi scheme implementation reflects effective targeting and timely operationalization of Karnataka government’s five guarantees.
Details of Karnataka Yuva Nidhi Scheme
• allowance for degree/Master’s holders, ₹3,000
• allowance for diploma holders, ₹1,500 month
• Provided for 2 years, commencing 6 months after completion of course
• Payment made through DBT into their respective bank accounts
• Ends when person gets a job
Yadgir District
• Beneficiaries: 39,132 unemployed youth
• Total: ₹11.70 lakh
Objectives of Karnataka Yuva Nidhi Scheme
- Provide financial support to educated but unemployed people
- Helps fill the gap in time between education and employment
- Allows for honesty and accountably in self-reporting
- Support youth in training and becoming job ready
- Reflects Karnataka’s inclusive welfare governance
