30th December 2024 (12 Topics)
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Prime Minister’s Internship Scheme
Context
The Union Corporate Affairs Ministry stated that the pilot scheme of the Prime Minister’s Internship Scheme received approximately 6.21 lakh applications against 1.27 lakh opportunities.
About the Scheme
- Conducting Authority: Ministry of Corporate Affairs (MCA)
- The internship scheme was announced in the previous Union budget, and it aims to provide internship opportunities to one crore youth in the top 500 companies over five years.
- The interns will be provided with financial assistance of Rs 5,000 per month (for 12 months), of which Rs 4,500 would be disbursed by the Union government, and Rs 500 per month would be paid by the company from its CSR [corporate social responsibility] funds.
- Additionally, the Corporate Affairs Ministry will also provide a one-time grant of Rs 6,000 for incidentals to each intern, upon joining the place of internship.
Important Government Initiatives for skill development and employment
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