In a significant move, the Karnataka government fulfilled its pre-poll promise by disbursing unemployment allowances to eligible candidates under the Yuva Nidhi Scheme. The formal launch of the scheme took place at Shivamogga, where 2,500 candidates received Rs 3,000 each for degree holders and Rs 1,500 each for diploma holders.
Eligibility and Registration
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Number of Eligible Candidates: A total of 70,000 candidates are eligible to register for the Yuva Nidhi Scheme.
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Registration Process: Interested candidates can apply through the Sevasindhu portal, where academic certificates can be verified using the NAD portal link with degree/diploma registration numbers.
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Scheme Duration: According to the scheme, candidates who completed graduation and diploma courses in 2023 will receive an unemployment allowance for two years.
The Five Pre-Poll Promises
The Yuva Nidhi Scheme marks the fulfilment of the fifth and final pre-poll promise of the Congress government. The other four promises include the Shakti Scheme, Gruha Jyoti Scheme, Gruha Lakshmi Scheme, and the Anna Bhagya Scheme.
Launch Details and Significance
The scheme was inaugurated by Chief Minister Siddaramaiah on National Youth Day, celebrating Swami Vivekananda's birth anniversary. Sharanprakash Patil, Minister of Skill Development, Entrepreneurship, and Livelihood, emphasized that the scheme goes beyond providing allowances, aiming to uplift the youth through vocational training and upskilling.
Vocational Training and Placement Opportunities
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Training Support: Candidates receiving allowances under the Yuva Nidhi scheme will be eligible for vocational training and upskilling, supported by the Skill Development Department.
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Placement Prospects: The government is committed to enhancing placement prospects for the beneficiaries, both within Karnataka and internationally.
Application Review Process
Officials from the Skill Development Department highlighted the concentration of registrations in Bengaluru and Belagavi due to the prevalence of educational institutions in these districts. The government will thoroughly review applications to ensure adherence to eligibility criteria before disbursing funds through direct bank transfers.
Financial Allocation and Future Projections
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Budget Allocation: A total of Rs 250 crore has been allocated for the remaining financial year, with projections of Rs 1,250 crore next year and Rs 2,500 crore the year after.
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Beneficiary Identification: Approximately 5.3 lakh eligible beneficiaries who graduated during the academic year 2022-2023 have been identified.
How to Apply for the Yuva Nidhi Scheme?
Eligible candidates can apply through the Sevasindhu portal, verifying academic certificates via the NAD portal link. The unemployment allowance will be granted for two years or until the candidate becomes employed or self-employed, whichever is earlier, starting from 180 days after the declaration of results.
The Yuva Nidhi Scheme not only provides financial assistance but also focuses on empowering the youth through skill development, fostering a path towards employment and self-sustainability.
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