The Karnataka Government launched the Yuva Nidhi Scheme in Karnataka to benefit the unemployed young. Under this scheme, the government will provide financial assistance to the educated unemployed youth in the state.

Yuva Nidhi Scheme Karnataka 2023

The Yuva Nidhi Scheme in Karnataka will provide economic security to the youth in the state. The educated unemployed youth will get monthly financial assistance to help them support their families. This scheme aims to give unemployment benefits to educated youth so they do not depend on anyone for their financial needs.

The eligible beneficiaries will receive monthly assistance in their bank accounts directly via Direct Bank Transfer (DBT). They will benefit from this scheme until they find a job or two years, whichever is earlier. 

Yuva Nidhi Scheme Assistance Amount

Under the Yuva Nidhi Scheme, the government will provide the following amount to unemployed youth of Karnataka state who have passed their degree or diploma course in 2022-23:

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

The government will give this amount after six months of the youths passing out and being unemployed. However, it will not provide the amount after two years or as soon as the youths get a job within two years.

Yuva Nidhi Scheme eligibility

• The applicants must be Karnataka residents.
• The applicants must have passed their degree or diploma in the academic year 2022-2023. 
• The applicants must not have a job six months after completing their degrees or diploma.
• The benefits of this scheme will not be given to the youths who are already getting benefits from similar schemes or programmes.
• 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.
• Self-employed youths who have taken loans under the state and central schemes or banks are not eligible.
• The Aadhaar must be linked to the applicant’s bank account to benefit from this scheme.

Yuva Nidhi Scheme registration

The eligible applicants must register on the Seva Sindhu website to benefit from the Yuva Nidhi Scheme. They can apply for the scheme online or offline. However, the government has not yet released the forms for registration. It is expected that the government will soon announce the registration process commencement date.

Yuva Nidhi Scheme apply online

The online application process will be as follows:

• Visit the Seva Sindhu Guarantee Schemes Portal.
• Click on the ‘Yuva Nidhi Yojana’ option.
• Click on the ‘Click here to apply’ option.
• Fill out the application and upload the required documents. 
• Click the ‘Submit’ button. You will receive the acknowledgement number. 

Yuva Nidhi Scheme apply application form

The following will be the process to download the scheme’s application form:

• Visit the Seva Sindhu Guarantee Schemes Portal.
• Click on the ‘Yuva Nidhi Yojana’ option.
• Click on the ‘Click here to download application’ option.
• Download the ‘Yuva Nidhi Scheme’ application form.
• Fill out the form and attach the required documents along with the form.
• Submit the filled form to the concerned officials.

Yuva Nidhi Scheme documents required

• Aadhaar 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. Thus, applicants can check the beneficiary status on the Seva Sindhu Guarantee Schemes Portal after applying for the Yuva Nidhi Scheme. 

Yuva Nidhi Scheme Karnataka benefits

• The state’s graduates and diploma holders will get unemployment benefits every month.  
• The beneficiaries will get financial aid directly to their bank accounts. Thus, they can meet their expenses.
• The beneficiaries will receive benefits until they find employment or two years, so they don’t have to depend financially on anyone.  
• The beneficiaries will get financial and economic stability under this scheme.

Other Government Schemes:
1. Gruha Lakshmi Scheme Karnataka: Eligibility, Registration, How To Apply Online, Benefits
2. Gruha Jyoti Scheme Karnataka: Eligibility, Registration, How To Apply Online, Benefits