PM Internship Scheme

On 13th October 2024, more than 1.55 lakh candidates applied for the Prime Minister(PM) Internship Scheme, which will commence on 2nd December, offering financial support to unemployed youth for a year.

Key Points

Record Registrations Surpass Target: As of 13^th October, 2024, 1,55,109 candidates registered for the internship scheme, surpassing the initial target of 1.25 lakh registrations. The dedicated portal went live on October 12, 2024.
Eligibility Criteria and Financial Support: The internship is open to candidates aged 21-24 years, providing monthly financial assistance of ₹5,000 for 12 months, along with a one-time grant of Rs. 6,000.
Diverse Sectors for Internship Opportunities: The portal has facilitated more than 80,000 internship opportunities across 24 sectors, including oil, gas, energy, travel, hospitality, and automotive industries, offering a wide range of exposure to candidates.
Efficient Registration and Access; With Aadhaar-based registration, the portal ensures efficient access to opportunities, including features like bio-data generation. This streamlines the process for candidates and companies alike.
Cost: The initial cost of the scheme’s pilot project is estimated at Rs. 800 crore, as announced in the Union Budget 2024 by Finance Minister Nirmala Sitharaman.