Karnataka govt launches scheme offering unemployment stipend to grads and diploma holders

The Karnataka Government has initiated Cong Party's fifth 'guarantee' offering unemployment monthly stipend of Rs3,000 to graduates and Rs1500 to diploma holders. The stipend will be provided for a stipulated period of two years. Several assistance programs have been initiated by The Congress Govt aiming at imparting vocational skill training and free travel mediums for women to promote job employment in the future.

Shivamogga: The Karnataka government on Friday launched the Congress party's fifth 'guarantee' offering unemployment monthly stipend of Rs 3,000 to graduates and Rs 1,500 to diploma holders. Chief Minister Siddaramaiah handed over cheques to six beneficiaries to symbolically kickstart the "Yuva Nidhi" scheme, meant for the graduates and diploma holders who passed in the academic year 2022-23 and remained jobless even after 180 days of completion of their education.

The stipend will be given only for two years and it will end soon after the beneficiary gets a job. Those who have enrolled for higher education and continuing studies are not eligible under the scheme.The state government has earmarked Rs 250 crore for the scheme in the current financial year. It expects that next year, it will cost Rs 1,200 crore to the state exchequer and from 2026 onwards Rs 1,500 crore 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.

We will impart skill development training to the beneficiaries. The duration of this scheme is for two years. If they get a job whether private or government, the benefit will immediately stop. The skill development department will decide which training to be given, Siddaramaiah told reporters here.

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