Graduate but Unemployed! Now Government will pay Monthly Allowance to them.

The 'Mukhyamantri Yuva Nestham' scheme will be officially launched Tuesday in Andhra Pradesh, wherein Chief Minister N Chandrababu Naidu will give away an amount of Rs 1000 as monthly unemployment allowance to the eligible, jobless youth in the state.

"The chief minister will distribute the unemployment allowance certificates to the beneficiaries tomorrow. He will also interact with the beneficiaries," a senior state government official said.

What is the objective of the 'Mukhyamantri Yuva Nestham' scheme?

• The motive of the 'Mukhyamantri Yuva Nestham' scheme is to provide financial security to educated but unemployed individuals until they find an appropriate job
• It aims to give not only the disbursement of monthly allowance but also focuses on skill development and apprenticeship opportunities to unemployed youth
• The scheme was one of the promises made by Telugu Desam Party (PDP) in its 2014 election manifesto
• The government hopes that about 12 lakh youngsters are likely to benefit from the scheme
• More than 2 lakh unemployed youth have already been registered on the web portal of the scheme
• As per reports, Rs 1,200 crore will be spent annually on the 'Mukhyamantri Yuva Nestham' scheme

How will Andhra Pradesh youth collect their monthly unemployment allowance?

• Local ministers and MLAs will simultaneously distribute the unemployment allowance certificates tomorrow to the beneficiaries at events organised in all 175 constituencies in the state
• Around 400 beneficiaries will attend the launch event of the scheme from 13 districts of Andhra Pradesh
• Top officials from private companies like Kia Motors, Foxconn and Amara Raja will also be present
• The allowance will be credited into the bank account of the beneficiary by the first week of every month.