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Hi everyone , A Good News for y’all . The Prime Minister’s Internship Scheme in Top Companies has been announced in the Budget 2024-25 (Scheme). It aims to provide internship opportunities to one crore youth in top 500 companies in five years. So here are the key details that you should know before applying :
Highlights :
- About the Prime Minister’s Internship Scheme
- Eligibility Criteria of Prime Minister’s Internship
- Scope of Prime Minister’s Internship
- Financial Assistance of Prime Minister’s Internship
- About Partner Companies of Prime Minister’s Internship
- Duration of Prime Minister’s Internship
- Application Process of Prime Minister’s Internship
- Certification
About the Prime Minister’s Internship Scheme :
The Prime Minister Internship Scheme is a Government of India initiative aimed at providing internship opportunities to youth in top 500 companies of India. The program offers youth exposure to real-life business environments across sectors, helping them gain valuable skills and work experience. This scheme targets to offer one crore internships to youth over five years.
Eligibility Criteria of Prime Minister’s Internship :
To apply for the Prime Minister Internship Scheme, you must meet the following criteria:
- You must be an Indian citizen.
- You must be aged between 21-24 years. (as on the last date for submission of the application).
- You must not be employed full-time or engaged in full-time education (candidates enrolled in online or distance learning programmes are eligible).
- You must have completed your Secondary School Certificate (SSC) or its equivalent, Higher Secondary Certificate (HSC) or its equivalent, or hold a certificate from an Industrial Training Institute (ITI), a diploma from a Polytechnic Institute, or a graduation degree such as BA, B.Sc, B.Com, BCA, BBA, B.Pharma, etc.
You are not eligible to apply for the Prime Minister Internship Scheme if:
- You are below 21 years or above 24 years of age (as on the last date for application submission).
- You are currently engaged in full-time employment or full-time education.
- You have graduated from specific institutions like IITs, IIMs, National Law Universities, IISER, NIDs, or IIITs.
- You hold advanced qualifications such as CA, CMA, CS, MBBS, BDS, MBA, PhD, or any master’s degree or higher qualification (recognized by the UGC).
- You are undergoing any skill, apprenticeship, internship, or training programme under a Central or State Government scheme.
- You have already completed an apprenticeship under the National Apprenticeship Training Scheme (NATS) or National Apprenticeship Promotion Scheme (NAPS).
- The income of any of your family members exceeds ₹8 lakh for FY 2023-24.
- Any member of your family (self, parents, or spouse) is a permanent/regular government employee (excluding contractual employees). “Government” includes Central and State Governments, Union Territory administrations, Central and State Public Sector Undertakings (PSUs), statutory organizations, and local bodies.
Scope of Prime Minister’s Internship :
The Scheme is separate from all the existing schemes related to skill development, apprenticeships, internship and student training programmes, etc. being implemented across all the States & UTs of India, and will run independently of all such Central/State schemes.
Financial Assistance of Prime Minister’s Internship :
After joining the internship, each intern will receive a monthly assistance of ₹5,000 for the entire duration of the 12-month internship. Of this amount:
- Partner companies will release ₹500 each month based on the intern’s attendance and related company policies regarding good conduct, etc.
- Once the Company makes the payment, the Government will pay ₹4,500 to the candidate through the Direct Benefit Transfer to the intern’s Aadhaar seeded bank account.
- Additionally, a one-time grant of ₹6,000 will be provided by the Government of India to each intern after joining the internship. This amount will be disbursed through Direct Benefit Transfer (DBT) after joining the internship.
- Insurance coverage shall be provided to each individual intern under insurance schemes of the Government of India, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, for which premium amount shall be provided by Government of India. In addition, the company may also provide additional accidental insurance coverage to the interns.
- artner companies may consider providing additional financial assistance or any other facilities as per their discretion. The internships that you opt for may or may not have any other benefits attached to them.
- A one-time grant ₹6,000 will be provided by the Government of India to each intern after joining the internship. This grant is to support you at the beginning of your internship journey.
- Throughout your internship, you will receive a monthly assistance of ₹5,000.
About Partner Companies of Prime Minister’s Internship :
The top 500 companies have been identified by the Ministry on the basis of their average CSR expenditure of the last three years. Apart from these, any other company/ bank/ financial institution desirous of participating in the Scheme, may do so with the approval of the Ministry of Corporate Affairs (MCA), which would take a view keeping in view under represented sectors and areas in the above mentioned 500 companies.
Here is the list of the Partner Companies
Duration of Prime Minister’s Internship :
The internship duration is fixed at 12 months. Extensions are not permitted under the Prime Minister Internship Scheme.
Application Process of Prime Minister’s Internship :
Eligible candidates will register on the PM Internship portal (https://pminternship.mca.gov.in/), complete their profile, generate their CV, and submit their preferences from the list of opportunities available.
- The shortlisting process will be based on the candidates’ preferences and the requirements posted by the companies. The shortlisting criteria is aimed at promoting diversity and social inclusivity in the internship program. Portal uses tools to give representation to all segments of the population, including SCs, STs, OBCs as well as PwDs.
- Depending on the number of offers for each internship, approximately twice /thrice as many names, along with the Resume of the candidates, will be sent to the company for selection.
- Then the will select candidates and make internship offers based on their respective selection criteria.
Here are the documents required :
Eligible candidates must keep the following documents handy while registering on the portal:
- Aadhaar card
- Educational certificates (Completion / final examination / assessment certificates will be considered).
- Recent passport-size photograph (optional).
Certification :
The companies must provide a certificate of Completion to the interns. It must also be ensured that the certificate is only disbursed by the partner company.
