PM Internship Scheme: 111 companies registered on the first day, target is to provide internship to 1 crore youth, this much money will be given every month

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Under the ‘Pradhan Mantri Internship Scheme’, which was started on a pilot basis with the aim of making the youth employable, 111 companies have registered on the portal on the very first day. Under this scheme, one crore youth will be helped in getting internships in big companies. Companies have so far offered training to more than 2,200 people. Sources in the Ministry of Corporate Affairs (MCA) told news agency ‘PTI-Bhasha’, “On the internship portal, till 3 pm on October 4, companies have offered training to more than 2,200 youth.”

You will get 5000 rupees every month

Under this scheme, which was launched on a pilot basis on Thursday, the youth selected for internship will get a monthly financial assistance of Rs 5,000. Apart from this, they will be given a one-time assistance of Rs 6,000 for becoming a part of the internship. The internship will be for 12 months. There is a plan to provide 1.25 lakh internship opportunities in the current financial year. It is estimated to cost Rs 800 crore. Finance Minister Nirmala Sitharaman had said in her budget speech for the financial year 2024-25 that the government would launch a comprehensive scheme to provide internships. Under this, one crore youth will be given the opportunity to train in 500 top companies in five years. They will get a chance to learn the tricks of working in a real business environment, various business sectors for 12 months and also get employment opportunities.

Internship will start from 2 December

The scheme has been implemented through the online portal ‘pminternship.mca.gov.in’. The portal has been developed by the Ministry of Corporate Affairs. In the first phase, candidates can register themselves on the portal between October 12 and 25. The applicants will be shortlisted on October 26. The companies will select the candidates between October 27 and November 7. After that, the selected candidates will have time from November 8 to November 15 to accept the internship offer of the companies. The internship will start from December 2 and will be for 12 months. The youth selected for the internship will be given insurance cover under the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana. The premium for this will be paid by the government. Apart from this, companies can provide additional accident insurance to the selected candidate.