PM Internship Scheme 2024: The Ministry of Corporate Affairs (MCA) has started the registration process for the PM Internship Scheme 2024. Candidates who are interested in applying for the internship can visit the official website at pminternship.mca.gov.in.
Eligibility Criteria
- Candidates aged between 21 and 24 years who are not employed full-time or engaged in full-time education are eligible to apply.
- Those enrolled in online or distance learning programs are also eligible.
- Applicants must have completed High School, Higher Secondary School, hold a certificate from an ITI, a diploma from a Polytechnic Institute, or possess a graduation degree such as BA, BSc, BCom, BCA, BBA, BPharma, etc.
Internship Details
The internship lasts for 12 months, with at least half of this period spent in a working environment rather than in a classroom. Interns will receive monthly assistance of Rs 5,000 for the entire duration of the program. Of this amount, companies will provide Rs 500 based on attendance and conduct, paid from their CSR funds, while the remaining Rs 4,500 will be transferred by the government directly to the intern's Aadhaar-linked bank account through Direct Benefit Transfer (DBT). Companies may choose to contribute additional amounts beyond Rs 500 at their discretion.
Aim of the Scheme
The Prime Minister's Internship Scheme, announced in the Budget 2024-25, aims to provide internship opportunities to one crore youth over five years in the top 500 companies. The initiative will give participants 12 months of exposure to real-world business environments, preparing them for various professional roles and employment opportunities.
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