Yuva Nidhi Scheme: 48,000 Engineering Graduates Register Amid Rising Unemployment

In response to increasing unemployment among engineering graduates, 48,000 have registered under the Yuva Nidhi scheme this year in Karnataka. The scheme aims to provide financial assistance and skill training to enhance employability. 

Engineering Graduates and the Yuva Nidhi Scheme 

Of the 3,79,080 individuals registered under the Yuva Nidhi scheme, 43,529 are engineering graduates. The scheme also includes 374 engineering postgraduates and 4,250 diploma-engineering candidates.  

The Minister for Medical Education, Skill Development and Livelihood, Sharan Prakash Patil, highlighted that only 20,000-25,000 of the 1,00,000 engineering graduates secure jobs annually, underscoring the sector's unemployment issue. 

Financial Assistance and Skill Training 

Out of the total registered, 2,98,316 individuals are eligible for financial benefits, with an expenditure of ₹874.17 crore. Despite the availability of skill training, 90% of candidates are not attending. The government is urging participation to improve employment prospects. 

Corporate Involvement in Skill Training 

Dr. Patil has invited corporate companies to establish skill training centres in engineering colleges. Bajaj has initiated a centre at PES University, and TATA is planning one at R.V. Engineering College.  

Companies providing training to government-selected candidates will have their expenses reimbursed upon job placement. 

Read More: Bihar Government Compiles Two Decades of Land and Revenue Regulations! 

Conclusion 

The Yuva Nidhi scheme aims to address engineering sector unemployment by offering financial aid and skill training. However, the low participation in training programmes highlights challenges in effectively utilising the scheme's resources. 

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