The PM Internship Scheme 2024 is a new initiative by the Indian government to help young professionals gain hands-on experience in various industries. With over one crore internships planned over the next five years, this scheme aims to provide practical experience and skill development to students and graduates while addressing youth unemployment.
What is the PM Internship Scheme?
Launched by the Ministry of Corporate Affairs, this scheme is set to provide young Indians with internships in top companies across sectors. These internships are structured to give participants real-world experience in fields like business, technology, and administration. As part of this scheme, companies are opening positions that involve active project work, enabling interns to contribute meaningfully to corporate operations and policies.
Internship Benefits
- Stipend Support: Interns will receive a monthly stipend of ₹5,000, with an additional one-time amount of ₹6,000 for incidental expenses.
- Insurance Coverage: Every intern is provided with insurance coverage for the internship duration.
- Skill Development: Participants gain practical skills in communication, project management, and industry-specific knowledge.
- Career Networking: Interns can establish valuable contacts within industry networks, which may lead to job opportunities in the future.
Eligibility Criteria
To be eligible for the PM Internship Scheme, applicants must meet these requirements:
- Education: Completion of high school (12th grade) or equivalent; professional degree holders (like CA, MBBS, MBA) are ineligible.
- Age Range: Candidates must be between 21 and 24 years.
- Income Limit: Annual family income should not exceed ₹8 lakh.
- Government Employment Exclusion: Candidates with immediate family members in regular government employment are ineligible.
These criteria ensure that the program focuses on individuals from diverse backgrounds who may need additional support for career growth.
Top Companies Participating
Currently, over 111 companies have registered to offer internships under this scheme, including Mahindra & Mahindra, Max Life Insurance, and Alembic Pharmaceuticals. These organizations provide varied roles, from technology to business administration, offering exposure to diverse working environments.
How to Apply for the PM Internship Scheme 2024
Here’s how interested candidates can apply:
- Visit the Official Portal: The registration portal for the scheme is now live.
- Register an Account: Sign up by providing your details, such as name, contact number, and email.
- Fill Out Application: Complete the application form with educational qualifications and skills.
- Upload Necessary Documents: Attach documents such as identification proof and education certificates.
- Submit: Once all steps are completed, submit your application for review.
After submission, applications are reviewed, and shortlisted candidates will be contacted for the next steps.
Why the PM Internship Scheme Matters
The PM Internship Scheme 2024 reflects the government’s push towards reducing youth unemployment by empowering the younger workforce with industry-relevant skills. By providing training and practical experience, the program aims to increase employability, foster entrepreneurship, and stimulate economic growth.
This initiative has the potential to reshape the job market by equipping new graduates with hands-on experience, essential for long-term professional success.
Discover more from NATION BHARATI
Subscribe to get the latest posts sent to your email.
