Context:
The Union Corporate Affairs Ministry said in a release that the pilot scheme of the Prime Minister’s Internship Scheme received approximately 6.21 lakh applications against 1.27 lakh opportunities.
About the Scheme:
- The scheme plans to offer 1 crore of internship schemes to young people over the next five years.
- Ministry
- Ministry of Corporate Affairs, Government of India
- Features
- Application will be paid ₹4,500 as stipend by the government, and an additional amount of ₹500 by the companies under Corporate Social Responsibility that consists of one year.
- A one-time grant of ₹6,000 will be given at the time of joining, and insurance cover under PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana.
- Eligibility Criteria
- Age: 21- 24 years.
- Education
- At least Class 10th; graduates from premier institutions (IITs, IIMs) and professional qualifications (CA) are excluded.
- Employment Status
- Must not be in full-time employment.
- Income Restriction
- Family income should not exceed ₹8 lakh in a year; families of government employees are not eligible.
- Benefits of the Scheme
- Provides working skills in a practical environment.
- It will provide the youths with monetary support.
