Yuva Nidhi Scheme: Start date and Step by Step guide for Apply

Education Minister Madhu Bangarappa has said that the state government has prepared the Yuva Nidhi Scheme to provide unemployment allowance to diploma and graduates, the 5th guarantee scheme of the state government, and it will be implemented from January 2024.

Madhu Bangarappa, who has given information in this regard, said that the Yuva Nidhi Scheme, an ambitious scheme of the state government, is being implemented from January and Rs 1,500 will be given to those who have completed their diploma and Rs 3,000 for those who completed graduation.

The money will be credited to the student’s account. He said that the Yuva Nidhi Scheme is being implemented from January with the aim of helping the students who are at home after completing their education and not finding a job so that their parents are not burdened and their small expenses are facilitated in finding a job.

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In the state, the Karnataka government’s guarantee schemes are popular with the people. Already free bus, Rs 2000 subsidy for housewives and home lighting, free rice etc., the government has fixed a muhurta for the last lucky youth fund. The project will start this coming December. So, what do you need to get money from Yuva Nidhi Scheme? What documents are required? Here are the details.

Step to apply for Youth Fund Scheme:

Application for this scheme must be submitted through Seva Sindhu portal.

A self-declaration of being unemployed is sufficient.

This scheme is only applicable for Kannadigas. This scheme is applicable only to those who do not get job even after six months of completion of education

This scheme is limited to two years for an unemployed person. The project is stopped only after getting a job in two years.

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Payment will be made through DBT every month.

Even if you have got a job, you should self-declare and stop receiving the allowance. Otherwise fine will be imposed.
Graduation certificate, Aadhaar card, PAN card and residence certificate are mandatory for this application.
But the government has not yet clarified whether BPL or food ration card is mandatory for this scheme.

The Congress government of the state, which has already implemented four guarantee schemes out of the five guarantee schemes, is now planning to implement the Youth Fund Scheme. It is true that the government is securing the vote bank for the Lok Sabha elections by filling the pockets of the unemployed with pocket money.