Over 39,000 Youths in Yadgir Receive ₹11.70 Lakh Under Yuva Nidhi Scheme

In a major relief to job-seeking graduates, the Yuva Nidhi scheme has disbursed ₹11.70 lakh as unemployment allowance to 39,132 youths in Yadgir district, Karnataka. The scheme, aimed at empowering unemployed graduates and diploma holders, transfers funds directly into beneficiaries’ bank accounts via Direct Benefit Transfer (DBT).

Why in News?

The Karnataka government’s Yuva Nidhi scheme has achieved a significant milestone in Yadgir, with 39,132 eligible unemployed youths receiving financial support totaling ₹11.70 lakh. This implementation showcases effective outreach and timely execution of one of the five guarantees promised by the government.

Key Features of the Yuva Nidhi Scheme

• Allowance for Degree/Master’s holders: ₹3,000 per month
• Allowance for Diploma holders: ₹1,500 per month
• Duration: For two years, starting six months after course completion
• Mode of Payment: Direct Benefit Transfer (DBT) to bank accounts
• Termination: Benefit ends once the individual secures employment

Coverage in Yadgir District

• Beneficiaries: 39,132 unemployed youths
• Total Amount Disbursed: ₹11.70 lakh

Institutions Identified

• 89 Degree colleges
• 5 Diploma colleges
• 1 Engineering college

Compliance and Declaration Rules

• Job Notification: Beneficiaries must inform the department upon getting a job
• Monthly Self-Declaration: Submit job status

Objectives and Impact

• Provide financial support to educated but unemployed youth
• Bridge the gap between education and employment
• Encourage honesty and accountability through self-reporting
• Promote skill development and job readiness among youth
• Reflects Karnataka’s inclusive welfare governance