Karnataka Chief Minister Siddaramaiah on December 26 launched the registration of the fifth and last poll guarantee ‘Yuva Nidhi’ in Bengaluru offering unemployment assistance to graduates and diploma holders.
The government will begin the distribution of allowances on January 12, the day when national youth day is celebrated to mark Swamy Vivekananda’s birth anniversary.
The scheme offers monetary assistance of ₹3,000 to the graduates and ₹1,500 to the diploma holders who passed in the 2022-23 academic year.
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The money would be given to those who do not get a job even after completion of 180 days from the date of passing of the degree/diploma, officials said, adding that the candidates are required to prove domicile of Karnataka for a minimum of six years.
CM Siddaramaiah, during the launch, asked Prime Minister Narendra Modi if he was an economist. He further said that Congress has now implemented all the five guarentees and Mr. Modi’s statement has turned false.
“Is Mr. Modi an economist? He had said that the State would become bankrupt. All the five guarantees have been implemented and the State is financially healthy,” the Chief Minister said.
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About 5.3 lakh youth who have passed out during the academic year 2022-2023 have been identified as eligible beneficiaries. However, those with employment and those pursuing higher education are not eligible. The financial assistance is for a period of two years. A total of ₹250 crore is estimated for the remaining financial year, the scheme is expected to cost ₹1,250 crore next year and ₹2,500 crore the year after.
Mr. Siddaramaiah said that along with Yuva Nidhi, free training to the youth will be provided. “The scheme has reached the people of the State. Mr. Modi had promised to create two crore jobs annually and by now you should have created 20 crore jobs across the country. Did you create the promised jobs? You have not kept up your promise,” he added.
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The unemployment allowance would be given for a period of 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.
(With inputs from PTI)
