Prime Minister Intership Scheme Launched : Discover Your Eligibility, Apply and Succeed !!

The Finance Minister of India announced the Prime Minister Internship Scheme 1 Crore Youth 2024. During the representation of the education budget, the Finance Minister of India Mrs. Nirmala Sitharaman announce the launch of the Prime Minister Internship Scheme 1 Crore Youth 2024. Under this scheme, the government of India will provide internships to all students who have completed their education. The Government of India will also provide financial assistance and a monthly stipend to all selected applicants under the scheme. The financial assistance under the scheme will be transferred directly to the selected applicant’s bank account.

The Prime Minister's Internship Scheme is an initiative aimed at providing hands-on learning opportunities for young graduates, students, and professionals across various sectors. The scheme seeks to engage participants in real-world projects with government bodies, private companies, and public sector organizations. 

Key objectives include enhancing employability, promoting skill development, and fostering innovative thinking among the youth of India.

The internship typically involves the following features:

- **Eligibility**: Generally open to undergraduates, postgraduates, and recent graduates from recognized universities.

- **Duration**: Internships can range from a few weeks to several months.

- **Stipend**: Some internships may offer stipends or other financial benefits, while others may be voluntary.

- **Sectors**: Internships may cover fields like technology, governance, engineering, public policy, healthcare, education, and more.

The internships provide opportunities to gain practical knowledge and interact with experienced professionals in a structured environment, often contributing to nation-building efforts. Keep in mind that specific details, eligibility criteria, and application processes may vary, so it's important to visit official portals or government websites for the latest information.

Important information to Remember

Name of the scheme

Prime Minister Internship Scheme

Introduced by

Government of India

Objective

Provide internship

Beneficiaries

Youth of India

Official website  

Candidates can register between October 12-25 on the MCA’s dedicated portal: pminternship.mca.gov.in.

Eligibility Criteria

Here are the eligibility criteria for the Prime Minister Internship Scheme:

• Candidates must be between 21 and 24 years old.
• Applicants should not be engaged in full-time employment.
• Candidates from families with government employees are excluded.
• Individuals who studied at prestigious institutions like IITs, IIMs, or hold qualifications like CA or CMA are not eligible.
• Youth trained at Industrial Training Institutes (ITIs) and Kaushal Kendras (skill centers) can apply.

Required Documents

• Aadhar Card
• Email ID
• Mobile Number
• Address Proof
• PAN Card
• Ration card

Salient Features

Here are the salient features of the Scheme:

• The internship program lasts for one year, providing a structured time-frame for skill development.
• Interns will receive a monthly stipend of Rs. 4,500 from the government, with an additional Rs. 500 from companies through CSR contributions.
• A dedicated online portal will be launched for candidates to apply directly for available internship positions.
• Internships are offered in India’s top 500 companies, enhancing the quality of training.
• Selection will be conducted through an automated system to ensure fairness and eliminate bias.
• The scheme will roll out in two phases, aiming to train a total of 10 million youth over five years.
• Interns are required to spend at least six months in a real-world working environment to gain practical skills.
• Companies can collaborate with supply chain partners or other institutions to enhance the internship experience.

Implementation in Phases

Here’s the information regarding the implementation of the Prime Minister Internship Scheme in phases:

• The scheme will be rolled out in two distinct phases.
• Phase 1 targets the skilling of 3 million youth over a duration of two years.
• Phase 2 aims to provide training to an additional 7 million youth over a span of three years.
• The government will provide an annual grant of Rs. 6,000 to interns to cover incidental and miscellaneous expenses.
• Interns will receive a fixed stipend of Rs. 5,000 per month from both the government and companies.
• Companies have the option to pay more than the fixed stipend if they choose.
• Any amount exceeding the Rs. 500 CSR contribution from companies will be entirely covered by the company and will not count towards their CSR expenditure.

Selection Process

Here’s the selection process for the Prime Minister Internship Scheme outlined in single points:

• Intern selection will be managed through a backend automated process to minimize bias.
• Companies will review the candidates automatically selected by the system.
• If a company is unsatisfied with the automatically selected candidates, the selection process will restart.
• A panel of government officials and industry representatives will oversee the selection process.
• The panel will ensure that the selection process is compliant and fair, addressing any issues that arise.

Prime Minister Internship Scheme Application Process 2024

STEP 1: All the applications to clear the eligibility criteria can visit the official website to apply for the Prime Minister Internship Scheme 2024 online.

STEP 2: Once the applicant reaches the home page of the official website the applicant must click on the option apply here.

STEP 3: A new page will appear on your desktop screen the applicant must enter all the details that are asked and attach all the necessary documents on the application form.

STEP 4: After entering all the details the applicant must quickly review it and click on the option submit to complete their process. 

For further details and updates students are advised to go through ministry of corporate affairs link for internship pminternship.mca.gov.in