PM Internship Scheme: Bridging Opportunities for Youth
Updated: 28-01-2025 at 7:38 AM
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The Prime Minister’s Internship Scheme in the Union Budget 2024 is another Institutional Initiative to provide internships to one crore youths in the next five years only. It has already attracted a great deal of response; for the first round of internships, the programme received many applications reaching 6,21,180. This provides insight into the main aspects of the scheme, its achievements, and the opportunity given to interested interns.
Also Read: DPIIT Internship
What Is The PM Internship Scheme?
This Sarkari scheme is an effort to give practical experience and funding to the youth in the best firms. This plan is not only to provide actual working experience in top 500 firms, landscaping 1 crore youth in five years for skill building and employment.
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The initiative was proposed in the Union Budget 2024.
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Aim at providing one crore of internships in the next five years.
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Started pilot project in Oct 2024 for 129,000 internships.
How Many Applications Have Been Received So Far?
As many as 6,21,200 applications were tendered for 1,27,100 internships. The government scheme has generated unprecedented attention from youth with more than 6 lakh candidates competing for the first slot of internships.
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6.21 lakh applications for 1.27 lakh slots.
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The selection process is presently in progress.
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About 87 lakh candidates have passed the KYC cheque and have registered on the portal.
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Also Read: The Urban Learning Internship Programme Complete Guide
What Financial Support Will Interns Receive?
To support this, the intern will be paid during his or her time under the scheme to have better financial standing.
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A cash allowance of ₹5,000 per month for 12 months.
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Consumables ₹ 2,000/- One time grant of ₹ 6,000/- granted for other expenses including internet charges.
What Progress Has The Pilot Project Made?
A pilot project was started in October 2024 and it has produced numerous internships. Companies have engaged themselves in the process by advertising internships and setting the path for the execution of the scheme.
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More than one lakh twenty-seven thousand internships were listed by partner companies.
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The spotlight in the pilot is given to internships during 2024-25.
Also Read: PM Internship Scheme: Scope, Eligibility, & Application Process
Conclusion
The PM Internship Scheme is a revolutionary move to provide the generation of India internships along with some financial assistance. In labour markets, the programme empowers qualified professionals by linking them to the best organisations in their respective fields. Also, the scheme has the potential to develop a fulfilling cycle of learning and getting a job for the aspiring profession thanks to the completed pilot project.
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