Registrations have begun for the Prime Minister internship programme which will provide a total annual financial assistance of Rs 66,000 to those in the age group of 21-24 years. Eligible candidates may register on the portal, where their details will be used to generate a resume. Interested and eligible candidates can apply through the online portal, pminternship.mca.gov.in developed by the corporate affairs ministry. The last date to register is October 25.
Applicants will be shortlisted on October 26. Candidates will be selected by companies from October 27 to November 7. Then, the selected candidates will have time from November 8 to 15 to accept the offer. Up to three offers will be made to a candidate.
The internship will start on December 2 and expects to cover 1.25 lakh candidates in the current financial year ending March 2025. The PM Internship Scheme aims to provide opportunities in 500 top companies to one crore youth in five years. They will gain exposure for 12 months to real-life business environments, varied professions, and employment opportunities.
Around 90,800 internship opportunities have been offered by 193 companies so far, reported PTI. This includes offers by Jubilant Foodworks, Maruti Suzuki India, Eicher Motor, Larsen & Toubro Ltd., Muthoot Finance, and Reliance Industries.
An internship allowance of Rs 5,000 per month along with a one-time assistance of Rs 6,000 will be provided to the youth. Companies will be expected to bear the training cost and 10 per cent of the internship cost from their CSR funds.
PM Internship Scheme: Eligibility Criteria
Those who have passed class 12 and possess a certificate from an ITI, or hold a diploma from a polytechnic institute, or are graduates with degrees such as BA, B.Sc, B.Com, BCA, BBA, and B.Pharma are eligible to register for the scheme. Candidates enrolled in online/ distance learning programmes are also eligible to apply. However, students where any of their family members have an annual income of more than Rs 8 lakh for 2023-24 are not eligible to apply for the internship scheme.
The participation of companies in the scheme is voluntary and an internship will be offered for 12 months, with at least half of the period to be spent in the actual job environment and not in the classroom. Insurance coverage will also be provided to each individual intern under insurance schemes of the Union government, PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana. The premium amount in this regard will be offered by the government.
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