Prime Minister’s Internship Scheme
Kartavya Desk Staff
Source: DD News
Context: The government launched the pilot phase of the ambitious Prime Minister’s Internship Scheme, which aims to provide 1.25 lakh internship opportunities during the fiscal year 2024-25.
About PM Internship Scheme:
• Origin: Announced in Budget 2024-25 as part of the Prime Minister’s Package for Employment and Skilling.
• Announced in Budget 2024-25 as part of the Prime Minister’s Package for Employment and Skilling.
• Aim: To provide 1 crore youth with hands-on work experience in top 500 companies over five years, enhancing employability and skill development.
• To provide 1 crore youth with hands-on work experience in top 500 companies over five years, enhancing employability and skill development.
• Budget: ₹2 lakh crore overall, with ₹2,000 crore allocated for the fiscal year 2024-25.
• ₹2 lakh crore overall, with ₹2,000 crore allocated for the fiscal year 2024-25.
• Criteria: Youth aged 21-24 who are not in full-time employment or education. Must hold qualifications like high school diplomas, ITI certificates, or graduate degrees (e.g., B.A., B.Sc., B.Com). Excludes candidates from IITs, IIMs, and those holding advanced degrees (e.g., MBA, CA).
• Youth aged 21-24 who are not in full-time employment or education.
• Must hold qualifications like high school diplomas, ITI certificates, or graduate degrees (e.g., B.A., B.Sc., B.Com).
• Excludes candidates from IITs, IIMs, and those holding advanced degrees (e.g., MBA, CA).
• Features: 12-month internships with a stipend of ₹5,000 (₹4,500 from the government, ₹500 from companies). Interns are insured under government schemes like PM Jeevan Jyoti Bima Yojana. A one-time ₹6,000 grant for incidentals. Multilingual helpline and grievance redressal system.
• 12-month internships with a stipend of ₹5,000 (₹4,500 from the government, ₹500 from companies).
• Interns are insured under government schemes like PM Jeevan Jyoti Bima Yojana.
• A one-time ₹6,000 grant for incidentals.
• Multilingual helpline and grievance redressal system.
• Significance: Enhances practical experience for youth, improving employability. Focuses on skill development in real-world job environments across sectors like pharma, auto, and agriculture. Supports the government’s vision of self-reliance (Atmanirbhar Bharat) by developing skilled manpower.
• Enhances practical experience for youth, improving employability.
• Focuses on skill development in real-world job environments across sectors like pharma, auto, and agriculture.
• Supports the government’s vision of self-reliance (Atmanirbhar Bharat) by developing skilled manpower.
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