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'Yuva Nidhi' scheme launched by Siddaramaiah for unemployed youth

Published on January 13, 2024
Current Context: The ‘Yuva Nidhi’ scheme was launched by Chief Minister Siddaramaiah in Shivamogga, Karnataka on January 12, 2024. This scheme offers financial assistance to unemployed graduates and diploma holders for a period of two years.
'Yuva Nidhi' scheme launched by Siddaramaiah for unemployed youth in Karnataka's Shivamogga
  • Here are some key details about the scheme:
    • The scheme was launched on the birth anniversary of Swami Vivekananda.
    • The financial assistance is credited directly to the bank accounts of the beneficiaries.
    • Graduates receive ₹3,000 per month, while diploma holders receive ₹1,500 per month.
    • Nearly 70,000 graduates and diploma holders have registered for the scheme so far.
    • The scheme was launched with the focus on strengthening people’s purchasing power, especially at a time when inflation is high.
    • The Department of Skill Development is the implementing agency for the scheme.
  • This initiative is part of the Congress party’s five guarantees to the public, with ‘Yuva Nidhi’ being the fifth guarantee. The scheme aims to empower the youth economically and socially.

Question:

Q.1 Who launched the ‘Yuva Nidhi’ scheme?
a. Narendra Modi
b. Siddaramaiah
c. Mamata Banerjee
d. Arvind Kejriwal

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