Last Updated Oct - 03 - 2024, 05:05 PM | Source : Republic India | Visitors : 88
The Union Government has inaugurated the Prime Minister's Internship Scheme, offering five-year internships to youth aged 21-24 in top companies. Registration s
The Union Government inaugurated the Prime Minister's Internship Scheme on Thursday, October 3, as stated in the Budget after Prime Minister Narendra Modi's National Democratic Alliance won power for the third time. According to insiders, the initiative would give young people with five-year internships at top 500 corporations.
The Ministry of Corporate Affairs (MCA) recently introduced a new plan. In this plan, the ministry would give real-world business experience to young people aged 21 to 24 from diverse industries. The program is intended to promote employability via practical experience. Managing the scheme: www.pminternship.mca.gov.in; partner firms can now offer internship opportunities. Candidate registration will begin in the second week of October 2024.
| Aspect | Details |
|---|---|
| Purpose | To expose interns to business environments, enhancing their knowledge and career prospects. |
| Certification | Partner companies will issue certificates upon successful completion of the internship. |
| Internship Stipend | Each intern will receive Rs 5,000, divided as follows: |
| - Government Contribution: Rs 4,500 | |
| - CSR Contribution by Company: Rs 500 | |
| Incidental Allowance | A one-time incidental allowance of Rs 6,000 will be granted by the Ministry of Corporate Affairs (MCA). |
| Additional Assistance | Companies may choose to provide more than Rs 500 in incidental costs with adequate monthly assistance if desired. |
| Eligibility Criteria | Details |
|---|---|
| Age Requirement | Indian nationals aged between 21 and 24 years. |
| Employment Status | Not employed full-time or engaged in full-time education; candidates in distance learning are eligible. |
| Educational Qualification | Must have completed high school or higher secondary school, or hold certificates from: |
| - ITIs | |
| - Polytechnic diplomas | |
| - Undergraduate degrees (e.g., BA, B.Sc., B.Com, BCA, BBA, etc.) | |
| Ineligible Candidates | Candidates from top institutions (IITs, IIMs, National Law Universities) or those with professional degrees (MBA, CA, MBBS). |
| Family Income Limit | Candidates whose family income exceeds Rs 8 lakh are not eligible. |
| Family Employment Status | Candidates with family members in permanent government jobs are also ineligible. |
READ MORE| Rise in International Studies Among State Board Students
Jun - 09
CUET UG 2026 Answer Key: The National Testing Agency (NTA) is expected to release the CUET UG 2026 provisional answer key soon on its official webs... Read More
Jun - 09
JEE Advanced 2026 results declared and counselling in progress, students are now deciding which engineering branch to choose for their future caree... Read More
Jun - 08
UGC NET 2026: The National Testing Agency (NTA) has announced that the UGC NET June 2026 examination will be held from June 22 to June 30. The exam... Read More
