India is actively addressing the crucial requirement to provide its youth with the necessary skills to prosper in today’s fast-paced economy. In accordance with this objective, the Prime Minister’s Internship Scheme was inaugurated on October 3, 2024. This ambitious effort, coordinated through an online platform, intends to provide quality internship opportunities for one crore young people over the next five years. The idea is to expose them to varied corporate environments and occupations.
The program started with a pilot project for the fiscal year 2024–2025 with a goal of 1.25 lakh internships, as stated in the Union Budget 2024–2025. Oil, gas, energy, tourism, hospitality, automotive, and banking and financial services are just a few of the 24 industries covered by these internships. To guarantee that participants are paired with morally and socially conscious companies, companies taking part in this pilot were chosen based on their corporate social responsibility (CSR) expenditures during the previous three years.
What is the Prime Minister Internship Scheme?
The Prime Minister Internship Scheme is a government project that aims to provide young people with internships in India’s top 500 companies. The program aims to assist students get actual work experience and build important skills by placing them in real-world corporate contexts across a variety of industries. Over the following five years, the organization hopes to deliver one crore internships to children across the country.
Required Documents:
Aadhaar card
Educational certificates (completed or final examination certificates)
Recent passport-size photo (optional)
Self-declaration meets all other requirements; no extra documentation is required.
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Eligibility Criteria
You qualify for the plan if: The applicants must be permanent residents of India. Age requirement: 21 to 24 years old. The higher age relaxation applies for 3 years for OBC (NCL) and 5 years for SC and ST. Candidates enrolled in online or distant learning programs may apply, however full-time employees and students are not eligible.
Educational requirements:
Candidates must hold a certificate from an Industrial Training Institute (ITI), a diploma from a Polytechnic Institute, or a bachelor’s degree. They must also have completed the Secondary School Certificate (SSC) and Higher Secondary Certificate (HSC), or an equivalent certification
Ineligibility Criteria
You do not qualify for the scheme if:
You are under 21 or over 24 years old at the time of application.
You are a full-time employee or student.
You graduated from National Law Universities, IISER, NID, IIIT, or IIT.
You have an advanced degree (e.g., MBA, PhD) or professional certification (e.g., CA, CMA, CS, MBBS, BDS).
You’re already involved in a government-funded skill development, apprenticeship, or training program.
You have finished an apprenticeship with NAPS or NATS.
Your family’s annual income exceeds ₹8 lakh in fiscal year 2023-2024.
You or your immediate family members are permanent or regular employees of the central, state, or municipal government, public sector undertakings, or other government agencies.
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Direct Link to Apply for PM Internship Scheme 2024
To apply for the PM Internship Scheme 2024, candidates can take the following steps:
Step 1: Visit pminternship.mca.gov.in, the official website for the PM Internship Scheme.
Step 2: Click the register link to open a new page.
Step 3: Complete the registration form and click submit.
Step 4: The site will build a résumé based on the information submitted by candidates.
Step 5: Apply for up to 5 internships based on choices, including location, sector, functional job, and qualifications.
Step 6: Click submit to download the confirmation page.
Step 7: Keep a physical copy for future use. Notably, no fees are necessary for registration or application.
When an applicant completes the registration process, a résumé is automatically generated.
Applicants can then apply for at least five internship positions that match their choices. In five years.
One crore candidates will get the opportunity to intern at the top 500 corporations. For the fiscal year 2024-25, the center intends to provide 1.25 lakh internship opportunities in prominent firms.
Stipends and Financial
Support Leading organizations in a variety of industries, including ITC, Infosys, Wipro, ICICI Bank, and others, provide internship opportunities.
These internships offer developing professionals an excellent opportunity to obtain hands-on experience, learn from industry experts, and improve both their abilities and employability.
Interns will earn a monthly stipend of ₹5,000 for their internship period, which includes:
Partner companies will contribute ₹500 based on attendance and conduct.
The intern received ₹4,500 from the government via Direct Benefit Transfer (DBT) to their Aadhaar-linked bank account.
DBT offers a one-time stipend of ₹6,000 for internships.
Each intern selected for the program will earn a monthly stipend, which includes:Monthly stipend of Rs 5000A One-time grant of Rs 6000.
Insurance coverage
All interns would be covered by the government’s insurance plans, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, with the government paying the payments. Partner companies may also provide additional accident insurance coverage.
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PM Internship Portal
The Prime Minister’s Internship Scheme is implemented via a centralized web platform that oversees the entire internship process. Partner companies can utilize the portal to publish internship positions, including the location, type of internship, necessary credentials, and available facilities.
Eligible candidates must register on the portal, and resumes will be prepared depending on the information they supply. They can apply for up to five internships, choosing based on factors such as location, industry, job, and qualification.
The web also makes it easier to shortlist candidates based on their preferences and organizational requirements, with a focus on diversity and social inclusion.
The approach prioritizes the representation of Scheduled Castes, Scheduled Tribes, Other Backward Classes, and People with Disabilities.Companies receive a shortlist of two to three times the number of available internships and can select candidates based on their own criteria.
Once selected, candidates can accept offers through the portal, ensuring a streamlined and efficient application experience.
Benefits of the PM Internship Scheme
Interns will be paid a monthly stipend of ₹5,000 for up to 12 months.
The government will pay a one-time grant of ₹6,000 for incidentals, which will be promptly sent to interns once they begin their internship location.
Intern training fees will be reimbursed by the company’s CSR funds, in accordance with current guidelines.
The corporation may register up to 5% of CSR expenditure as administrative expenditures in accordance with CSR policy requirements.
Every intern will be insured under the government’s insurance schemes.
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Criteria for Partner Companies
The Ministry picked the top 500 corporations based on their average CSR expenditure over the previous three years. Other enterprises, banks, or financial institutions may join with approval from the Ministry of Corporate Affairs (MCA), particularly if they represent underrepresented sectors.
Companies can create profiles using the official portal and following the user manual. If a partner company is unable to offer internships directly, it may work with companies in its forward and backward supply chains (e.g., suppliers, customers, vendors) or other members of its group.
Companies that are not on this list can still offer internships, but they must obtain approval from the Ministry of Corporate Affairs.
The Grievance Redressal Process
Visit the scheme’s official websites for the scheme
Check the contact details for assistance. Use the helpline number (1800 11 6090) or email (pminternship[at]mca.gov.in) to submit grievances.
In conclusion
The Prime Minister’s Internship Scheme offers a unique chance for young people to get real-world experience while receiving financial support and complete training.
The project, which collaborates with prominent organizations from a variety of sectors, strives to improve participants’ employability and abilities.
With defined eligibility requirements and systematic support through Direct Benefit Transfers, the program not only promotes professional development but also encourages active engagement from organizations that are devoted to corporate social responsibility.
The portal’s debut represents a huge step forward in empowering India’s next generation of professionals.
Article Source:https://pminternshipscheme.com/
FAQ
What is the eligibility criteria for the PM Internship Scheme?
To be eligible for the PM Internship Scheme, applicants must be permanent residents of India aged between 21 and 24 years old. They should have completed their Secondary School Certificate (SSC) and Higher Secondary Certificate (HSC) or equivalent and be enrolled in an Industrial Training Institute (ITI), Polytechnic Institute, or have a bachelor’s degree. There are also certain ineligibility criteria, such as being a full-time employee or student, having an advanced degree, or exceeding a certain family income limit.
How can I apply for the PM Internship Scheme?
To apply for the PM Internship Scheme, you need to visit the official website (pminternship.mca.gov.in) and register. After completing the registration form, you can create a resume and apply for up to five internships based on your preferences. There are no fees involved in the application process.
What are the benefits of participating in the PM Internship Scheme?
Participants in the PM Internship Scheme receive several benefits, including a monthly stipend of ₹5,000, a one-time grant of ₹6,000, insurance coverage, and the opportunity to gain valuable work experience in top Indian companies.
What is the duration of the PM Internship Scheme?
The PM Internship Scheme offers internships for up to 12 months.
Which companies are participating in the PM Internship Scheme?
Leading companies in various industries, such as ITC, Infosys, Wipro, ICICI Bank, and others, are participating in the PM Internship Scheme. The government has selected the top 500 companies based on their average CSR expenditure over the past three years.
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