PM Internship Portal : According to several media reports, The much awaited PM Internship Scheme will go live on Thursday (3 October). This scheme was announced in the union budget to provide internship opportunities for youths.
While presenting the Union Budget 2024-25 in Parliament, the Finance Minister, Nirmala Sitharaman announced that the scheme will provide internship opportunities in 500 top companies to 1 crore youth in 5 years.
Under this scheme youth will gain exposure for 12 months to real-life business environment, varied professions and employment opportunities. An internship allowance of Rs 5,000 per month along with a one-time assistance of Rs 6,000 is also proposed under the scheme.
"Companies will be expected to bear the training cost and 10% of the internship cost from their CSR funds," said the Finance Minister during the Budget speech.
PM Internship Scheme: Key Takeaways
- This internship initiative is the part of Government’s Rs 2 lakh crore spending plan for job creation and skilling for 4.1 crore youth in the next five years.
- PM Internship Scheme is being administered by the Corporate Affairs Ministry.
- Under the scheme an internship duration of one year would be open to Candidates between 21 and 24 years old.
- The scheme covers those who are not engaged in full-time employment.
- Those who are class 10 pass and above can take part in this internship.
- Candidate who are graduated from IIT, IIM, IISER, and the ones who have CA, CMA qualifications would not be eligible for internship.
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