4th October 2024 (17 Topics)
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PM Internship Scheme
Context
The Central government launched the pilot phase of the Prime Minister’s Internship Scheme, aiming to offer 1.25 lakh internship opportunities during the fiscal year 2024-25.
About the Scheme
- The Prime Minister’s Internship Scheme was announced in the Union Budget2024-25.
- The scheme aims to address youth unemployment by providing internships to 1 crore young people over the next five years.
- These internships are intended to offer valuable workplace experience, making it easier for participants to secure jobs after completing the program.
Fact Box: Schemes/initiatives aimed at skilling youth
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- Applicants who meet the eligibility requirements can apply online through the official portal to benefit from the Prime Minister Internship Scheme. The online portal developed by the Ministry of Corporate Affairs (MCA).
- Eligibility Criteria
- Age range: 21 to 24 years
- Should not be engaged in full-time employment
- Individuals from families with government employees are not eligible
- Graduates from prestigious institutions like IITs, IIMs, or those with qualifications such as CA or CMA are excluded
- The scheme is, however, open to youth trained at Industrial Training Institutes (ITIs) and Kaushal Kendras (skill centers).
- Selected participants will receive a monthly stipend of Rs. 4,500 from the government, with an additional Rs. 500 provided by companies as part of their corporate social responsibility (CSR) initiatives.
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