Applications and Opportunities:
- The Prime Minister’s Internship Scheme has received 6.21 lakh applications for 1.27 lakh internship opportunities.
- The selection process for these internships is currently ongoing.
Relevance : GS 2(Schemes )
Scheme Objective:
- The scheme, announced in the Union Budget, is designed to provide internships to one crore youth in the top 500 companies over five years.
- The goal is to expose youth to real-world business environments, across various professions, and create employment opportunities.
Financial Assistance:
- Interns will receive a monthly stipend of ₹5,000 for 12 months.
- ₹4,500 will be provided by the Union government.
- ₹500 will be contributed by the company through its Corporate Social Responsibility (CSR) funds.
One-Time Grant:
- Interns will also receive a one-time grant of ₹6,000 for incidentals upon joining the internship.
PM Internship Scheme Notes (2024)
Overview:
- Launched by: Union Corporate Affairs Ministry.
- Objective: To provide internship opportunities to youth in the top 500 companies to expose them to a real-world business environment, across various professions and employment sectors.
- Target: 1 crore youth in 5 years, providing opportunities in 500 companies.
Key Details:
- Applications Received: 6.21 lakh applications for 1.27 lakh opportunities.
- Internship Duration: 12 months.
- Selection Process: Currently ongoing.
Financial Assistance:
- Stipend: ₹5,000 per month for interns.
- ₹4,500 from the Union government.
- ₹500 from the company via Corporate Social Responsibility (CSR) funds.
- One-Time Grant: ₹6,000 to cover incidentals for each intern upon joining.
Implementation:
- Target Demographic: Youth across India, primarily focusing on providing skills and experience to help bridge the gap between education and employment.
- Outcome Goal: Expose youth to various sectors, fostering entrepreneurship, skill-building, and enhancing employability.
Additional Points:
- The internship scheme was announced as part of the Union Budget 2024 to empower young individuals and connect them with businesses in different industries.
