In the recently announced Budget 2024, the government introduced the Prime Minister’s Internship Scheme, designed to offer meaningful work experience to the youth of India. The scheme has now been implemented, and over 1.55 lakh+ (155,000) candidates have signed up, signaling a strong interest in the program.
Which Major Companies Are Supporting the Internship Scheme?
The Internship scheme has received support from numerous major companies across the country. 193 companies have already listed over 90,800 internship opportunities on the Prime Minister’s Internship Scheme portal. These opportunities span across 25 sectors and are spread across 36 States/UTs and 737 districts in India. Some of the companies participating include prominent names such as Maruti Suzuki, Reliance Industries, Eicher Motors, Larsen & Toubro, Jubilant Foodworks, and Muthoot Finances. This initiative includes a range of private sector companies, demonstrating a strong dedication to youth employment.
What Benefits and Structure Does the Internship Scheme Offer?
The internship scheme provides students with the opportunity to gain exposure to real-world business settings in various industries. Interns can work for 12 months in diverse professions, significantly enhancing their job prospects. Participants will receive an internship allowance of IN ₹5,000 per month, along with a one-time assistance amount of IN ₹6,000 to help cover their expenses.
The scheme is structured into two phases:
- Phase 1: It will run for two years, followed by a three-year phase
- Phase 2: Companies involved will be responsible for covering the training expenses and contribute 10 percent of the internship costs through their Corporate Social Responsibility (CSR) funds.
Who is Eligible for the Internship Scheme?
To be eligible for the internship scheme, candidates must meet the following criteria:
- Age: Applicants must be aged between 21 and 24 years old.
- Employment Status: The scheme is aimed at individuals who are currently unemployed and not enrolled in full-time education.
Companies providing internships will select candidates based on objective criteria, prioritizing those with lower employability. It’s important to note that participation from companies is voluntary.
Who is Not Eligible for the Internship Scheme?
Certain candidates are not allowed to apply for the internships. According to the government’s indicative list:
- Individuals with degrees from renowned institutes like the Indian Institutes of Technology (IIT), Indian Institutes of Management (IIM), and Indian Institutes of Science Education and Research (IISER) are not eligible.
- Candidates with a family member employed in a government job or those who are income tax assessed are also disqualified.
How Will the Scheme Benefit Youth?
The internship opportunities are available in 25 sectors, with the greatest demand in oil, gas, and energy, followed by travel and hospitality, automotive, banking, and financial services. Youth can pursue internships in more than 20 areas, such as operation management, production and construction, maintenance, and sales and marketing. This extensive range of availability allows aspiring interns to discover opportunities throughout the country.
How to Apply for the Internship Scheme?
Interested candidates can apply for the Prime Minister’s Internship Scheme by following these steps:
- Visit the Official Portal: Go to pminternship.mca.gov.in.
- Register: Click on the “Youth Registration” or “Register Now” tab on the homepage.
- Complete Registration: Fill in the necessary information to obtain login credentials.
- Create Your Profile: Provide details such as educational qualifications, skills, and preferences to create a candidate profile.
- Search for Opportunities: After profile creation, candidates will be notified about available internship opportunities via email or SMS.
- Apply: Select internships that align with your personal preferences and submit applications.
The scheme aims to generate one crore internships within the next five years, offering substantial assistance to young job seekers. Interns will receive a monthly stipend of IN ₹5,000 for the duration of the 12-month internship period.
How Will Companies Ensure Practical Experience for Interns?
Companies offering these internships are expected to provide actual working experience with relevant skills. A minimum of 50% of the internship should occur in a practical job setting instead of a classroom. If a company is unable to offer direct experience, it should collaborate with partners in its supply chain or related organizations.
The Prime Minister’s Internship Scheme represents a significant advancement in improving youth employability in India. With a wide range of opportunities and support from major companies, this initiative seeks to prepare young individuals with the necessary skills and experience needed for success in their future careers.
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Mallika Sadhu is a journalist committed to revealing the raw, unfiltered truth. Mallika's work is grounded in a dedication to transparency and integrity, aiming to present clear and impactful stories that matter. Through comprehensive reporting and honest storytelling, she strives to contribute to provide narratives that genuinely inform and engage. When not dwelling in the world of journalism, she is immersed in the colors of her canvas and pages of her journal.
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