The Congress government will launch on December 26 registration for Yuvanidhi, its fifth “guarantee” scheme, which will provide financial assistance to unemployed youth, based on a monthly self-declaration. The Direct Benefit Transfer (DBT) will be rolled out on Vivekananda Jayanti on January 12 at a public event in Shivamogga.
The State Government has mapped about 5.29 lakh graduates and diploma holders who have passed out during the academic year 2022-23 to be eligible to apply for the scheme that is estimated to cost about ₹250 crore during this financial year. The launch of Yuvanidhi will also mark the implementation of all five guarantees given by the Congress before the 2023 Assembly elections.
About 4.81 lakh graduates and about 48,100 diploma holders will be passing out in 2022-23. The government is estimating that the cost of implementing the guarantees will go up to ₹1,250 crore in the next financial year, and will increase to ₹2,500 crore the following year.
