The government has brought a gift on Dussehra for the educated economically weaker youth. The Prime Minister's Internship Scheme was launched on Thursday. Only those young men and women will be eligible to apply in this scheme, whose family income is less than eight lakh rupees per annum.
The reservation rule of the central government will also be applicable in this scheme. That is, Scheduled Castes, Tribes and OBCs will get reservations but only those who are economically weak will be eligible.
What is the Prime Minister's Internship Scheme
The internship scheme was announced in the budget this year, under which a target has been set to skill one crore youth in the top 500 companies in the next five years. The Ministry of Company Affairs started the pilot project of this scheme on Thursday.
Under this, in the current financial year 2024-25, 1.25 lakh youth will be provided an opportunity to acquire training and skills to make them employable. The duration of training and skill development will be 12 months and during this period they will also be given financial assistance of Rs 5000.
The central government will give Rs 4500 per month and the company will give Rs 500 from its social responsibility fund. Apart from this, a lump sum amount of Rs 6000 will also be given to all the selected candidates by the Ministry of Corporate Affairs.
That is, the candidates receiving training will get financial assistance of Rs 66 thousand in a year. All the amount will be given directly to the candidates' account. This internship scheme will put a financial burden of Rs 800 crore on the central government in the current financial year.
Finance and Company Affairs Minister Nirmala Sitharaman said that this is a complete internship program. The effort will be to give the selected candidates a chance to train in their district or nearby district. To run this entire program, the Ministry of Company Affairs has created a portal and everyone can reach that portal by going to pminternship.mca.gov.in.
How to apply
Sitharaman said that this portal has been opened for companies from October 3. By October 10, corporate companies will make their offer for the training program on the portal. Interested eligible candidates will be able to apply for training from 12 October i.e. Dussehra day to 25 October.
On 26 October, the Department of Company Affairs will release the list of eligible candidates which will be sent to the companies. From 27 October to 7 November, the companies will select the candidates as per their requirements and the candidates will be informed about it. Candidates will be able to accept the offer of the companies between 8-15 November and their internship program will start from 2 December.
Minister of State for Company Affairs Harsh Malhotra said that 111 corporate companies have so far agreed to the internship program. These include companies like Mahindra & Mahindra and Max Life. Most of the companies are associated with agriculture and related sectors along with automobiles and the pharma sector.
Eligibility for Internship Scheme
10th or 12th pass ITI certificate holder, diploma holder from polytechnic institute, or BA, BSc, B.Com, BCA, BBA, B. Pharma degree holder can participate in this internship scheme.
At the same time, students having degrees from IIT, IIM, National Law University, IISER Triple IIT, CA, CS, BDS, MBBS or already participating in any government internship program will not be eligible for the PM Internship Program.
If any of the parents is a permanent or regular employee in the government, then such children will also not be able to participate in this program.
PC Social media
