The Modi government has recently launched the PM Internship Scheme, a new initiative aimed at providing valuable opportunities to young people across the country. With a target of benefiting 10 million youth over the next five years, this internship program is set to make a significant impact on employment prospects and skill development in India.
Union Finance Minister Nirmala Sitharaman announced the PM Internship Scheme during the presentation of the Union Budget for the financial year 2024-25. This scheme is expected to create numerous job opportunities for young people, helping them gain professional experience and financial support during the internship period.
Key Features of the PM Internship Scheme
Under the PM Internship Scheme, each intern will receive a monthly stipend of Rs 5,000. In addition to this, after successfully completing the one-year program, interns will be given a lump sum payment of Rs 6,000 as an extra benefit from the government.
The official website for the scheme went live on Thursday, marking the beginning of this pilot project.
Reservation Policies for SC/ST/OBC Candidates
The government has also ensured that reservation policies will be adhered to under the PM Internship Scheme. Candidates from Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC) will benefit from reserved positions in the internship program, promoting inclusivity and equal opportunities.
Registration Details and Timeline
Registration for the PM Internship Scheme will begin on October 12, 2024, and will be open until October 25, 2024. Interested candidates are encouraged to register within this time frame to be part of the pilot project.
The Bhaskaracharya Institute for Space Applications and Geoinformatics (BISAG) has been chosen as the technology partner for the scheme. BISAG will play a crucial role in managing the registration process and shortlisting candidates.
Between October 27 and November 7, BISAG will shortlist candidates for the program. The selected interns will have the opportunity to accept the internship offer between November 8 and November 15, 2024.
Internship Start Date and Duration
The PM Internship Scheme is scheduled to start on December 2, 2024, and will last for a duration of 13 months. During this period, interns will gain valuable work experience in various fields and will receive financial support from both the government and participating companies.
Stipend Structure
Out of the Rs 5,000 monthly stipend, Rs 500 will be contributed by participating companies as part of their Corporate Social Responsibility (CSR) funds. The remaining Rs 4,500 will be provided by the government, ensuring that interns receive adequate financial support throughout the program.
Estimated Cost and Regional Focus
The total estimated cost of this pilot project is around Rs 800 crore. The government has already started releasing advertisements for the PM Internship Scheme in multiple regional languages to ensure that young people from all parts of the country are aware of the opportunity.
One of the key goals of the PM Internship Scheme is to provide as many internships as possible in the districts where candidates reside. This approach aims to reduce the need for young people to relocate for work, making it easier for them to participate in the program.
Eligibility Criteria
Young people between the ages of 21 and 24 who have passed their 10th-grade exams and possess a valid certificate and mark sheet are eligible to apply for the PM Internship Scheme. This program is designed to help young individuals kick-start their careers by providing them with practical work experience.
Corporate Participation
The PM Internship Scheme has already garnered interest from the corporate sector. According to reports, 111 companies out of the top 500 have already enrolled in the program. These companies will offer internship opportunities to young people across various industries, contributing to their professional development.
The PM Internship Scheme represents a significant step toward empowering India’s youth by providing them with valuable work experience and financial support. With a target of benefiting 10 million young people over the next five years, this scheme has the potential to make a lasting impact on employment and skill development in the country.
The scheme is open for registration starting from October 12, 2024, and interested candidates are encouraged to apply. With the support of companies and the government, the PM Internship Scheme is set to provide countless opportunities for young people to advance their careers and gain valuable skills in their respective fields.
Stay tuned for further updates on the PM Internship Scheme and how it will shape the future of India’s workforce.
