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Karnataka Yuva Nidhi Scheme 2024: Apply Online, Eligibility, Benefits

The government has started Yuva Nidhi Yojana in Karnataka to provide financial assistance to those youth who are educated completed their education have their education degree or diploma certificate. This scheme was started by Rahul Gandhi in 2022.

The state government launched the Yuva Nidhi Yojana Scheme in Karnataka. Chief Minister Siddaramaiah on December 26 launched the registration of the fifth and last pool guarantee ‘Yuva Nidhi’ in Bengaluru offering financial assistance to educated youth and diploma holders who are unemployed. 

The day of Swami Vivekananda’s birth anniversary, January 12, is National Youth Day, and that is when the government started giving out allowances. The state government of Karnataka created the Yuva Nidhi Scheme, an admirable attempt to improve the economic prospects of young people without jobs but with education.

The registration of this scheme starts on December 26 and the government has been allotted Rs 250 crores for this scheme.

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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 Graduates Rs 1500 Per Month – Diploma Holders
Yuva Nidhi Scheme Payment Method	DBT
Official Website	sevasindhugs.karnataka.gov.in

Yuva Nidhi scheme Assistance Amount 

 In this scheme, the government will provide the following amount to the unemployed in Karnataka who completed their education or completed their diploma in 2022-23

• Rs 3000 per month to unemployed graduates 
• Rs 1500 per month to diploma pass-out youth

The government will give this amount after 6 months of the youths passing out and becoming unemployed. However, after 2 years, the government will not provide financial assistance, so as soon as find a job within two years.

Under this scheme, eligible youths will receive financial assistance directly in their bank  account through a Direct Bank Account (DBT) 

Yuva Nidhi Scheme Eligibility

• The applicants must be Karantaka Residents.
• The applicants must have passed their degree or completed diploma courses in the academic year 2022-2023
• The applicants must not have a job six months after completing their degrees or diplomas.
• The benefits of this scheme will not be given to the youths who are already getting benefits from similar schemes or programs.
• The applicants who have enrolled for their higher education, those getting apprentice salaries, and those working in the private or government sector are not eligible.
• Aadhar must be linked to the applicant’s bank account to benefit from this scheme.

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Yuva Nidhi Scheme Ineligibility

• Those youth who continue his/her higher education after passing graduation or diploma. 
• Beneficiary of apprentice wages
• Youth employed in government or private sector.
• Self-employed youth.
• Beneficiary of other government financial assistance schemes.

Yuva Nidhi Scheme Application Registration Process

Eligible applicants have to register themselves on the Seva Sindhu website to avail the benefits of the Yuva Nidhi scheme. Registration can be done online or offline, the government has not released the registration forms yet. 

Application Process

The applicant can process their online application through the following steps given below

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 the ‘Submit button to receive an acknowledgment number.

How to Download Scheme Application Form?

To download the scheme application follow the following steps given below

1. visit the Seva Sindhu Guarantee Schemes Portal.

2. click on the ‘Yuva Nidhi Yoajan’ option.

3. Choose ‘ click here to download the application.’

4. Download the ‘Yuva Nidhi Scheme’ application form

5. Complete the form, attach the necessary documents, and submit it to the concerned officials.

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Yuva Nidhi Scheme Required Documents 

Applicants need to provide the following documents for the Yuva Nidhi Scheme given below.

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

Yuva Nidhi Scheme Beneficiary Status

The government will release the beneficiary list scheme on the official website. Applicants can check the beneficiary status on the  Seva Sindhu Guarantee Schemes Portal after applying for the Yuva Nidhi Scheme. 

Benefits of Karnataka Yuva Nidhi Scheme 

• Financial Assistance: Offering financial aid or loans at subsidized rates to support youth in starting their ventures or pursuing higher education.
• Entrepreneurship Support: Facilitating the establishment of new businesses by providing mentorship, incubation support, and access to resources.
• Youth Exchange Programs: Facilitating cultural exchange and international exposure through exchange programs, internships, or volunteering opportunities.

• Those with diplomas and degrees are eligible for monthly unemployment compensation.

• Financial assistance is directly submitted to their bank accounts.
• Up to two years, or until the recipient finds gainful employment, will receive assistance to help them establish stability and financial independence.

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FAQs:-

1. What is Karnataka Yuva Nidhi Scheme?
   • Karnataka Yuva Nidhi Scheme provides financial assistance to unemployed graduates and diploma holders in the state.
2. When was the registration for Yuva Nidhi Scheme launched?
   • The registration for the Yuva Nidhi Scheme was launched on December 26.
3. How much financial assistance does the scheme offer to unemployed graduates?
   • Unemployed graduates receive Rs. 3000 per month under the Yuva Nidhi Scheme.
4. What is the eligibility criteria for Karnataka Yuva Nidhi Scheme?
   • Applicants must be Karnataka residents, passed their degree/diploma in 2022-23, and unemployed for six months post-qualification.
5. How can I apply for the Yuva Nidhi Scheme?
   • Eligible applicants can apply online through the Seva Sindhu website by filling out the application form and uploading required documents.
6. Can I download the Yuva Nidhi Scheme application form?
   • Yes, you can download the application form from the Seva Sindhu Guarantee Schemes Portal.
7. What documents are required for the Yuva Nidhi Scheme application?
   • Documents required include Aadhar card, residence certificate, income certificate, educational qualification documents, and bank account details.
8. How can I check the beneficiary status of the Yuva Nidhi Scheme?
   • The beneficiary list will be available on the official website. Applicants can check their status on the Seva Sindhu Guarantee Schemes Portal.
9. What are the benefits of the Karnataka Yuva Nidhi Scheme?
   • The scheme offers financial assistance, entrepreneurship support, youth exchange programs, and monthly unemployment compensation to eligible candidates.
10. How long does the financial assistance continue under the Yuva Nidhi Scheme?
    • Financial assistance continues for up to two years or until the recipient finds gainful employment.

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