The Prime Minister’s Internship Scheme, announced during the Union Budget by Finance Minister Nirmala Sitharaman, has witnessed an overwhelming response.
Within just 24 hours of the dedicated registration portal going live, over 1.55 lakh candidates have applied for this transformative initiative.
PM Internship Scheme Overview
The PM Internship Scheme aims to provide valuable internship opportunities to Indian youth across various sectors.
Under this scheme, 500 top-ranked companies have stepped forward to offer year-long internships to 10 million young individuals over a period of five years.
These internships are not only an excellent learning experience but also a stepping stone toward building a skilled workforce for the nation.
The dedicated portal for the scheme opened for registration on October 12 at 5 pm. Initially, the pilot project aimed to attract 1.25 lakh candidates.
However, the response surpassed expectations, with 1,55,109 candidates registering within the first 24 hours. Students aged 21 to 24 years are eligible to apply for the scheme.
Financial Assistance and Opportunities
Interns selected through the scheme will receive a monthly financial assistance of Rs 5,000 for 12 months. Additionally, they will receive a one-time grant of Rs 6,000.
The portal offers more than 80,000 opportunities across 24 sectors, including oil, gas, energy, travel, hospitality, and automotive. Over 90,000 internship opportunities are available in 737 districts across all states, ensuring widespread access.
Several prominent companies have already pledged to participate in this initiative. Some of them include Mahindra & Mahindra, Bajaj Finance, Jubilant Foodworks.
Some other companies participating are Muthoot Finance, Eicher Motor, Larsen & Toubro, Tech Mahindra.
Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube, to get the latest news updates, Subscribe to our Channels. WhatsApp– Click Here, Google News– Click Here, YouTube – Click Here, and LinkedIn– Click Here.
