Government rolls out internship scheme on pilot basis; aims to provide 1 crore internship over 5 years

The authorities connected Thursday rolled retired the internship programme connected a aviator ground that volition supply a full yearly fiscal assistance of Rs 66,000 to those successful the property radical of 21-24 years, and purpose to screen 1 crore younker implicit 5 years.

Under the aviator project, which is estimated to outgo astir Rs 800 crore, the internship volition commencement connected December 2 and expects to screen 1.25 lakh candidates successful the existent fiscal twelvemonth ending March 2025, authorities sources said connected Thursday.

Announced successful the Union Budget 2024, the Prime Minister's Internship Scheme successful Top Companies volition besides supply security sum to interns.

The strategy volition beryllium implemented done the online portal 'www.Pminternship.Mca.Gov.In' developed by the firm affairs ministry.

Apart from the monthly fiscal assistance of Rs 5,000 for 1 year, determination volition beryllium a one-time assistance of Rs 6,000 for the interns, the sources said.

From October 12 to 25, candidates tin registry with minimum information successful the portal and the applicants volition beryllium shortlisted connected October 26.

Later, candidates volition beryllium selected by companies from October 27 to November 7. Then, the selected candidates volition person clip from November 8 to 15 to judge the offer, the sources said.
Up to 3 offers volition beryllium made to a candidate.

The apical 500 companies for the strategy person been identified connected the ground of their mean CSR (Corporate Social Responsibility) expenditure successful the past 3 years.

The ministry has partnered with government-owned BISAG-N to tally the project.

The internship volition beryllium for 12 months. The interns volition beryllium provided fiscal assistance of Rs 5,000 per period and retired of the full amount, Rs 4,500 volition beryllium disbursed by the authorities and Rs 500 volition beryllium paid by the institution from its CSR funds.

Also, a 1 clip assistance of Rs 6,000 for incidentals volition beryllium disbursed by the ministry to each intern, upon joining the spot of internship.

Expenses associated with the grooming of interns nether the strategy volition beryllium borne by the institution from its CSR funds. The fiscal assistance magnitude volition beryllium transferred straight to the accounts of the interns.

The information of companies successful the strategy is voluntary and an internship volition beryllium offered for 12 months, with astatine slightest fractional of the play to beryllium spent successful the existent occupation situation and not successful the classroom.

Existing reservations volition beryllium applicable successful selecting the candidates nether the scheme, the sources said and emphasised that the strategy is lone for providing internships and not for jobs.

For now, arsenic galore arsenic 1,077 offers person been made by 3 companies -- Alembic, Mahindra & Mahindra, and Max Life Insurance, the sources said.

They besides said the states arsenic galore arsenic 7 districts successful 4 states person been covered truthful acold -- 1 territory each successful Telangana and Uttarakhand, 2 districts successful Gujarat and 3 districts successful Maharashtra.

There volition beryllium nodal persons astatine the companies participating successful the strategy for redressal of issues.

Subject to definite conditions, younker aged betwixt 21 and 24 years volition beryllium eligible for the scheme, the sources said.

Insurance sum volition beryllium provided to each idiosyncratic intern nether security schemes of the Union government, PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana. The premium magnitude successful this respect volition beryllium offered by the government.

The sources said a antagonistic database has been prepared with respect to those who volition not beryllium eligible to enactment successful the scheme. These see candidates from families wherever immoderate of their household members has an yearly income of much than Rs 8 lakh for 2023-24.

Through the portal, the sources said, spouse companies tin connection internship opportunities.

Any different company/ bank/ fiscal instauration tin enactment successful the strategy with the support of the ministry, which volition instrumentality into information factors similar sectors and areas under-represented by the apical 500 companies.

As portion of the eligibility criteria, sources said, candidates enrolled successful online/ region learning programmes are eligible to apply.

Candidates who person passed High School, Higher Secondary School, person a certificate from an ITI, clasp a diploma from a Polytechnic Institute, oregon are graduates with degrees specified arsenic BA, B.Sc, B.Com, BCA, BBA and B.Pharma volition beryllium eligible for the scheme, the sources said.

Partner companies volition person a dedicated dashboard connected the portal wherever they tin station internship opportunities, detailing location, nature, required qualifications, and immoderate facilities provided.
Eligible candidates whitethorn registry connected the portal, wherever their details volition beryllium utilized to make a resume.

Candidates tin browse internships based connected their preferred sectors, roles, and locations and use for up to 5 opportunities.