The PM Internship Scheme 2024 is an exciting initiative introduced by the Indian government to provide valuable professional exposure to young individuals. Launched as part of the Union Budget 2024-25, this program aims to bridge the gap between academic knowledge and industry requirements, empowering the youth with real-world experience.
Overview of the Scheme
PM Internship Scheme 2024 The pilot phase of the PM Internship Scheme aims to offer 1.25 lakh internships during the financial year 2024-25. This is part of a larger vision to create one crore internship opportunities over five years. Internships are facilitated through a centralized online portal managed by the Ministry of Corporate Affairs (MCA), featuring contributions from top 500 companies identified based on their Corporate Social Responsibility (CSR) activities.
Key Benefits
- Financial Assistance: Interns receive a monthly stipend of ₹5,000, with ₹4,500 provided by the government and ₹500 from partner companies. Additionally, a one-time grant of ₹6,000 is offered upon joining.
- Insurance Coverage: Participants are covered under government insurance schemes like the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.
- Industry Exposure: Interns gain hands-on experience in a variety of sectors, enhancing their employability.
- Diversity and Inclusion: The scheme promotes social inclusivity, offering opportunities to candidates from Scheduled Castes, Scheduled Tribes, Other Backward Classes, and Persons with Disabilities.
Eligibility Criteria
The scheme is open to Indian nationals aged 21–24 who are not engaged in full-time education or employment. Eligible qualifications range from high school diplomas to undergraduate degrees like BA, BSc, BCom, BBA, or vocational certifications. However, students from premier institutions like IITs and IIMs or those pursuing full-time professional courses are excluded to focus on broadening opportunities for others.
How to Apply
Registrations for the pilot phase opened in October 2024 on the official PM Internship Portal. The application process involves creating a profile, browsing internship listings, and applying for up to five opportunities. Selection processes are streamlined to ensure efficiency and fairness.
A Boost for Career Growth
By connecting youth with top companies in sectors like finance, energy, hospitality, and technology, the PM Internship Scheme serves as a robust platform for skill development. Interns also receive certificates upon completion, giving them a competitive edge in the job market.
This initiative is not just about internships; it’s about shaping the future workforce of India. With its focus on inclusivity, structured financial support, and real-world exposure, the PM Internship Scheme 2024 is a step toward empowering the nation’s youth to thrive in the global economy.
For more details, visit the official portal or check government press releases on the scheme.