The Central Government brings good news for the youth. A one-year internship program for people between the ages of 21 and 24 is about to be launched by the Indian government in collaboration with top industries. The registration process for the internship will start from tomorrow, October 12.
This program, which is a major part of the PM's Employment and Skilling package, attempts to give participants invaluable practical experience in prestigious businesses across the nation.
PM Internship Scheme: Dates
The internship program, which was recently revealed in the Union Budget, would provide young graduates with chances to experience a variety of practical sectors. Starting on October 3, candidates will be able to apply for the vacancies directly through a dedicated internship portal. Companies will post positions for internships, and candidates can begin submitting their applications on October 12.
PM Internship Scheme: Eligibility Criteria
Candidates must be between the ages of 21 and 24 and not be employed full-time at the moment in order to be eligible for the program. A backend bot will be used to shortlist applicants for the internship program. The participating companies will then assess and choose the individuals based on their requirements and the individual's performance. The goal of this strategy is to provide an impartial and open selection procedure.
PM Internship Yojana Stipend
According to the information provided, interns will receive a monthly stipend of Rs 4,500 through direct benefit transfer (DBT) while corporations will donate an extra Rs 500 from their corporate social responsibility (CSR) funds. Companies eligible to participate in this internship program are selected by using the average of their CSR expenditures over the previous three years.
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PM Internship Scheme: Highlights
| Information | Details |
|---|---|
| Objective | To address youth unemployment by providing internship opportunities |
| Target | To provide internships to 1 crore youth in the next 5 years |
| Monthly Stipend | ₹5,000/month (₹500 from the company and ₹4,500 from the government) |
| Duration | 12 months |
| Eligibility | Higher Secondary (12th), ITI Certificate, Polytechnic Diploma, or Bachelor's Degree (BA, BSc, B.Com, BCA, BBA, B.Pharma) |
| Age Limit | 21-24 years (as on the last date of application) |
| Application Start Date | 12 October 2024 |
| Official Website | pminternship.mca.gov.in |
| Other Benefits | ₹6,000 one-time assistance for incidental expenses, insurance coverage under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana (premium borne by the government) |
| Company Participating | Based on CSR spending in the last 3 years |
How to Apply for PM Internship Scheme?
Youngsters can follow the given steps to apply for the PM Internship Scheme:
Step 1: Go to the official website for PM Internship registration at pminternship.mca.gov.in.
Step 2: On the homepage, scroll down and find the "Register" option. Click on it to open a new page.
Step 3: Enter all the required information, complete the registration details.
Step 4: Click on the submit button.
Benefits of the PM Internship Scheme
The central government is about to start the PM Internship program for youth. The youngsters will greatly benefit from this new scheme.
- The internship program offers valuable real-world work experience by allowing participants to spend six months in an internship.
- Businesses can collaborate with educational institutions or their supply chain partners to enhance the internship experience.
- The program is part of a larger initiative aimed at training over one crore young people in India with the necessary skills over the next five years.
- This program helps improve employment prospects, especially for young people who lack access to specialized training or higher education.
The internship program is set to launch from October 3rd. The youth will be able to secure internship opportunities in companies through this internship scheme.
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