Unemployment Stipend of Rs 3000 for Graduates, Rs 1500 for Diploma Holders in Karnataka

Bengaluru: The Karnataka government on Friday launched “Yuva Nidhi”, the unemployment monthly stipend scheme of Rs 3,000 to graduates and Rs 1,500 to diploma holders.

Chief Minister Siddaramaiah inaugurated the scheme by handing over cheques to six beneficiaries of this “Yuva Nidhi” scheme.

This unemployment stipend scheme is meant for the graduates and diploma holders who passed in the academic year 2022-23 and are without jobs even after 180 days of completion of their education.

This stipend will be given for two years and it will end when the beneficiary gets a job. Students enrolled for higher studies or continuing education are not eligible under the scheme.

The Karnataka government has earmarked Rs 250 crore for the scheme in the current financial year. In the next year, Rs 1,200 crore will be spent on this scheme and from 2026 onwards Rs 1,500 crore will be spent on it annually.

The Congress government has already launched four guarantees — ‘Shakti’, providing free rides to Karnataka women in non-luxury government buses, ‘Anna Bhagya’ offering 10 kg rice to BPL families, ‘Gruha Jyoti’ giving free electricity up to 200 units to household users, and ‘Gruha Lakshmi’ giving Rs 2,000 a month to women heads of families having APL/BPL ration cards.