Finance
The Prime Minister’s Internship Scheme, which is in its pilot phase, has been introduced by the Ministry of Corporate Affairs for the country’s youth. The plan intends to solve youth unemployment by providing students with internship opportunities. Over the next five years, the Prime Minister intends to provide internships to one crore young people under this plan.
As of present, the portal allows partner companies, not youngsters, to register for internships. Candidates who match a company’s eligibility conditions can apply online for the Prime Minister Internship Scheme at pminternship.mca.gov.in.
PM Internship Scheme: Eligibility
Applicants for the internship programme must have completed their higher secondary education or high school, as well as have a certificate from an ITI, a diploma from a Polytechnic Institute, or a degree such as a BA, BSc, BCom, BCA, BBA, or BPharma. Candidates should be between 21 and 24 years old as of the application deadline.
To be eligible, candidates should be Indian and should not work a full-time job or full-time school. Applicants may apply if they are enrolled in online or distance learning courses.
PM Internship Scheme: Offerings
As an assistant, candidates will receive Rs 5,000 per month for the full 12-month internship. From the company’s CSR funding, each intern will get Rs 500 from the company, while the government will contribute Rs 4500.
Applicants will receive a one-time financial support of Rs 6,000 to cover incidental expenses in addition to the monthly stipend. Additionally, via initiatives like PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana, the government will guarantee that interns are insured, with the government paying the premiums.
PM Internship Scheme: How to apply
Step 1: Visit the official website — pminternship.mca.gov.in.
Step 2: On the homepage, scroll down and you will see a register option. Select the link and a new page will open.
Step 3: Fill in the registration details and required documents, and select the submit button.
Based on the details shared by the candidate, a resume will be generated automatically and a student can apply to at least five opportunities based on his or her preferences.
PM Internship Scheme: Which companies are part of the scheme?
Companies that participated in the project were chosen based on their CSR spending over the previous three years. More enterprises, banks, and financial institutions may choose to engage in the initiative if the Ministry of Corporate Affairs (MCA) gets its approval.
However, participation is completely voluntary. Companies that are unable to offer internships internally may seek opportunities through collaboration with vendors, clients, or other value chain partners.
The official portal features a few corporations, including Adani, HP, Tata Steel, Cognizant, Vedanta, Lanco, Kotak, Microsoft, and Pataka.
Source:IE
