Introduction
The launch of the PM Internship Scheme, initially scheduled for December 2, 2024, has been postponed. A new date will be announced soon as the insights from the pilot scheme are being reviewed. The ambitious initiative aims to provide internship opportunities to 1.25 lakh students in the pilot run for a 12-month period at top Indian companies.
Overview of the Scheme
The PM Internship Scheme was announced in the Union Budget 2024-25 as part of the Prime Minister’s employment and skilling package. The scheme aims to enhance youth employability by providing internship opportunities in leading companies across various sectors. The pilot phase targets 1.25 lakh students for year-long internships, with the broader vision of engaging 1 crore students over the next five years.
Eligibility Criteria
Candidates between the ages of 21 and 24, who have passed at least Class 10, are eligible to apply for the scheme. The government will pay each candidate a one-time allowance of ₹6,000 and a monthly stipend of ₹4,500, while participating companies will contribute an additional ₹500 per month.
Application Process
The application process for the PM Internship Scheme was open from October 12, 2024, to November 15, 2024. Candidates were required to register online through the dedicated portal and submit the necessary documents. The selection process includes document verification, interviews, and a medical examination.
Impact and Benefits
The scheme aims to provide valuable exposure to real-life business environments, helping students gain practical experience and improve their employability. The pilot phase saw 1.27 lakh internship opportunities posted by companies, receiving an overwhelming 6.21 lakh applications. The top 500 companies participating in the scheme were selected based on their average Corporate Social Responsibility (CSR) expenditure over the past three years.
Conclusion
The postponement of the PM Internship Scheme launch is a temporary setback, but the long-term goal of equipping India’s youth with practical experience in premier firms remains steadfast. Candidates are advised to stay updated with the latest information on the official website and be prepared for the new launch date.
