Karnataka Chief Minister Unveils Registration of Fifth Poll Guarantee ‘Yuva Nidhi’
Under the 'Yuva Nidhi' scheme, as much as Rs 3,000 monetary assistance is given to graduates and Rs 1,500 to diploma holders who passed in the 2022-23 academic year.
Bengaluru: Karnataka Chief Minister Siddaramaiah on Tuesday unveiled the registration of the ruling party’s last poll guarantee of providing financial assistance to jobless graduates and diploma holders.
The monetary disbursement will start on January 12 next year, which is Swami Vivekananda’s birthday.
Under the ‘Yuva Nidhi’ scheme, as much as Rs 3,000 monetary assistance is given to graduates and Rs 1,500 to diploma holders who passed in the 2022-23 academic year.
The money would be disbursed to those who are jobless even after 180 days have elapsed from the date of passing the degree/diploma. However, the beneficiaries must prove their domicile of Karnataka for a minimum of six years.
The jobless allowance will be given for two years from the date of announcement of the result or till he/she becomes employed/self-employed whichever is earlier.
The amount will be directly transferred to the bank account of the beneficiaries. Candidates who are self-employed and continuing higher education are excluded from the scheme, according to officials.
