PM Internship Scheme 2024: Application, Eligibility, and Benefits

Discover everything about the PM Internship Scheme 2024: eligibility criteria, application process, benefits, and key dates. Empower your career with valuable internship opportunities!

The PM Internship Scheme is a significant initiative aimed at addressing youth unemployment in India by providing internship opportunities across various sectors. Launched on October 3, 2024, this scheme aspires to offer internships to 1 crore young individuals over the next five years. This article will delve into the details of the scheme, including eligibility criteria, application process, benefits, and more.

Overview of the PM Internship Scheme

The PM Internship Scheme is designed to bridge the gap between education and employment. By offering practical work experience, the initiative aims to equip young people with essential skills that enhance their employability.

Key Objectives:

• Provide internships to 10 million youth over five years.
• Enhance employability through real-world exposure.
• Foster collaboration between educational institutions and industries.

Eligibility Criteria

To apply for the PM Internship Scheme, candidates must meet specific eligibility requirements:

• Age Limit: Candidates should be between 21 and 24 years old.
• Educational Background: Applicants must have completed at least higher secondary education (Class 12). Those with diplomas from Polytechnic Institutes or degrees such as BA, BSc, BCom, BCA, BBA, or BPharma are also eligible. Graduates from premier institutions like IITs and IIMs or those holding professional qualifications (CA or CMA) are excluded from applying.
• Employment Status: Candidates should not be engaged in full-time employment or full-time education. However, those enrolled in online or distance learning courses can apply.
• Income Restrictions: Individuals from families with an annual income exceeding ₹8 lakh are not eligible. Additionally, candidates from families with government employees are also excluded.

Benefits of the PM Internship Scheme

The scheme offers several financial and non-financial benefits to interns:

• Stipend: Interns will receive a monthly stipend of ₹5,000 for a duration of 12 months. This amount is supplemented by a one-time grant of ₹6,000 to cover incidental expenses.
• Insurance Coverage: Interns will be insured under government schemes such as PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana, with premiums covered by the government.
• Work Experience: Interns will gain hands-on experience in various sectors, enhancing their skills and employability.

Application Process

Candidates can apply for the PM Internship Scheme through an online portal. Here’s a step-by-step guide on how to apply:

1. Visit the Official Website: Go to pminternship.mca.gov.in.
2. Registration: Click on the registration link on the homepage. Fill in your personal details and upload required documents such as your Aadhaar card and educational certificates.
3. Resume Generation: After registration, a resume will be generated automatically based on the information provided.
4. Apply for Internships: Candidates can browse available internship opportunities based on their preferences for sector, location, and functional role. You can apply for up to five internship positions.
5. Selection Process: Companies will review applications and make selections between October 27 and November 7. Interns can accept or decline offers from November 8 to November 15.

read more: Railway Recruitment 2024: Don’t Make These Mistakes in Your Application

Important Dates

• Application Start Date: October 12, 2024
• Application End Date: October 25, 2024
• Company Registration Period: October 3 – October 10, 2024

Participating Companies

The scheme encourages participation from top companies across various sectors. Some notable companies involved include:

• Tata Steel
• Cognizant
• Microsoft
• Adani Group
• Kotak Mahindra Bank

These companies have been selected based on their Corporate Social Responsibility (CSR) spending over the last three years.

Conclusion

The PM Internship Scheme is a transformative initiative aimed at empowering Indian youth by providing them with valuable work experience and financial support during their internships. With clear eligibility criteria and an accessible application process, this scheme represents a significant opportunity for young individuals looking to enhance their employability in today’s competitive job market.