PM Internship Scheme:
The Prime Minister’s Internship Scheme, which was announced by the Union Finance Minister during her Budget speech was launched.
- PM Internship Scheme will enhance youth employability in India by offering them hands-on exposure to real-world business environments.
- The scheme represents a transformative opportunity to bridge the skills gap and drive sustainable growth in India.
- The scheme aims to provide internship opportunities to one crore youth over five years, in the top 500 companies.
- The pilot project will be implemented through an online portal managed by the Ministry of Corporate Affairs (MCA).
- A monthly stipend of ₹4,500 will be provided to the interns from the central government via DBT (Direct Benefit transfer), with an additional ₹500 offset provided by the company’s Corporate Social Responsibility (CSR)
- They will also be provided a one-time grant of Rs 6,000 upon joining and insurance coverage under PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana.
- Internship period: One year
