- The Prime Minister’s Internship Scheme aims to provide 1 crore internships over the next 5 years to young individuals, helping them gain practical work experience across various sectors.
- The scheme, introduced in the 2024-25 Union Budget, seeks to offer 1.25 lakh internships for the 2024-25 fiscal year.
- Internships are available in 24 sectors, such as energy, automotive, hospitality, and banking, providing broad industry exposure.
- Top 500 companies, chosen based on their CSR expenditure, will provide internships. Other companies can participate with approval from the Ministry of Corporate Affairs.
- The portal facilitates matching candidates with companies based on location, qualifications, and sector preferences.
- Internships are available in 737 out of 800 districts across 24 sectors.
| PM Internship Benefits: 12 months real-life experience in India’s top companies Monthly assistance of ₹4500 by Government of India and ₹500 by Industry One-time Grant of ₹6000 for incidentals Insurance coverage for every intern under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana by Government of India |
Dig Deeper: Read about various initiatives the Government of India took to boost employment and formalize the workforce.
