India is making great progress in giving its youth the skills they need to succeed in the modern economy. Launched on October 3, 2024, the Prime Minister’s Internship Scheme 2024 is a ground-breaking program that will give one crore young people worthwhile internship opportunities for the following five years. This program increases the employability of India’s young by providing practical exposure to a range of corporate settings and occupations.
Why Is the PM Internship Scheme Important?
“Skill development and employment are crucial needs in India,” stated Prime Minister Narendra Modi. To satisfy these demands, the government is making a concerted effort to develop a workforce that is qualified to handle upcoming difficulties. This goal is reflected in the PM Internship Scheme, which provides young people with real-world work experience across a range of businesses.
Key Features of the PM Internship Scheme
The program started as a pilot initiative with a goal of 1.25 lakh internships for the fiscal year 2024–2025, as stated in the Union Budget 2024–2025. These internships span 24 industries, including banking and financial services, oil & gas, energy, travel, hospitality, and automobiles. Importantly, businesses taking part in this experiment were selected based on their contributions to Corporate Social Responsibility (CSR) during the previous three years, guaranteeing that participants are assigned to morally and socially conscious companies.
The concentration on internships, separate from other apprenticeships or skill-development programs, is what distinguishes this program. This offers participants a customized experience that gives them practical exposure and aids in the development of important job-market skills.
Objectives of the Scheme
The fundamental purpose of the PM Internship Scheme is to develop internship opportunities for youngsters, which will help them:
– Get real-life work experience.
– Develop job-specific abilities.
– Increase employability for future opportunities.
Key Information About the Scheme
| Country | India |
| Scheme | PM Internship Scheme 2024 |
| Purpose | To provide real-life work experience to job seekers in top companies |
| Eligibility | ITI, Diploma, and Degree holders; Age: 18-24 years (with relaxation for OBC/SC/ST) |
| Number of Positions | 90,000+ positions in 500 top companies |
| Stipend | ₹5,000 per month, plus a one-time payment of ₹6,000 |
| Registration Date | October 12, 2024, onwards |
| Last Date | October 25, 2024 |
| Official Website | pminternship.mca.gov.in |
| Insurance | Covered under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana |
How to Apply for the PM Internship Scheme 2024
The application process is straightforward and completely online. Follow the procedures below to apply:
- Go to the official website: [pminternship.mca.gov.in] (https://pminternship.mca.gov.in).
- Register by supplying the required information.
- Based on the information you provide, your resume will be prepared automatically.
- Choose up to five internship possibilities depending on your criteria (location, sector, and role).
- Fill out the application and retain a printed copy for future reference.
Eligibility criteria
To qualify for the plan, candidates must:
– Be permanent residents in India.
– Be between 18 and 24 years old (with relaxation for OBC, SC, and ST applicants).
– Possess an ITI certificate, a polytechnic diploma, or a bachelor’s degree from an accredited university.
Candidates in full-time job or education are ineligible; however, those enrolled in online or distance learning programs may apply.
Benefits of Internship
Interns in this program will earn a monthly stipend of ₹5,000, which includes ₹500 from partner enterprises and ₹4,500 from the government via Direct Benefit Transfer. They will get a one-time stipend of ₹6,000 at the start of their internship.
In addition to financial assistance, interns will receive insurance coverage through the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.
Partner Companies and Industries
The official PM Internship Portal has over 90,000 internship slots advertised by 193 firms. Major players include Jubilant Foodworks, Maruti Suzuki, Larsen & Toubro, Muthoot Finance, and Reliance Industries.
Internships are given in 24 sectors, including:
– Oil, gas, and energy.
– Travel and Hospitality
– Automotive
– Banking and Financial Services
A Step Towards Skill Development
The PM Internship Scheme is a huge investment in India’s young. The government has earmarked around ₹800 crore for the pilot initiative, which seeks to create 1.25 lakh internship opportunities in 2024-25. The program is meant to help young people find long-term jobs and gain the skills they need to succeed in a fast changing industry.
For further information or to apply, go to the official PM Internship Scheme website at [pminternship.mca.gov.in](https://pminternship.mca.gov.in).
Take advantage of this unique opportunity to improve your abilities and acquire significant job experience with some of India’s top organizations!