The Central government has initiated the Prime Minister’s Internship Scheme, aimed at providing 1.25 lakh internship opportunities during the fiscal year 2024-25.
The pilot phase will launch on December 2, with an estimated budget of Rs 800 crore. The scheme is designed to support a diverse group of candidates, concluding by the end of March 2025.
What is the PM Internship Scheme?
Announced in the Union Budget 2024, the Prime Minister’s Scheme intends to provide internship opportunities to one crore youth over the next five years in 500 top companies.
Participants will gain practical experience in real-life business environments, explore various professions, and uncover employment opportunities over a 12-month period.
Key Features:
Monthly Allowance: Each intern will receive a stipend of Rs 5,000.
One-time Support: Interns will also get a one-time assistance of Rs 6,000.
Company Contributions: Participating companies are expected to cover training costs and contribute 10% of the internship expenses from their Corporate Social Responsibility (CSR) funds.
Eligibility Criteria
To apply for the PM Internship Scheme, candidates must meet the following requirements:
Age Range: Candidates must be between 21 to 24 years old.
Employment Status: Applicants must not be engaged in full-time employment.
Family Background: Individuals from families with government employees are not eligible.
Exclusions: Graduates from prestigious institutions such as IITs and IIMs, or those holding qualifications like CA or CMA, are excluded from the scheme.
Open to ITI and Skill Center Trainees: Youth trained at Industrial Training Institutes (ITIs) and Kaushal Kendras (skill centers) can apply.
How to Apply for the PM Internship Scheme
Online Portal: Applications can be submitted at www.pminternship.mca.gov.in, managed by the Corporate Affairs Ministry.
Registration Period: Candidates can register with minimum data from October 12 to 25.
Shortlisting Date: Applicants will be shortlisted on October 26.
Selection Process: Companies will select candidates from October 27 to November 7.
Offer Acceptance: Selected candidates will have from November 8 to 15 to accept their internship offers.
Multiple Offers: Each candidate may receive up to three offers.
