The PM Internship Scheme gives young people a chance to gain real work experience in leading companies, with monthly financial support. It was announced in the Union Budget 2024 and launched as a pilot by the Ministry of Corporate Affairs in October 2024. Here is a guide.
Aim of the scheme
The scheme aims to provide internships to one crore young people in top companies over five years. Interns get exposure to real business environments across sectors like manufacturing, IT, banking, energy and FMCG.
Benefits
- Internships last 12 months, with at least half the time spent in actual work rather than classroom training.
- Interns receive monthly assistance of Rs 5,000. Of this, Rs 4,500 is paid by the government through direct benefit transfer and Rs 500 by the company from its CSR funds.
- A one time grant of Rs 6,000 is given for incidental expenses.
- Interns are covered under the government’s PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana insurance schemes.
Who is eligible
- Indian citizens aged 21 to 24 years.
- Not in full time education or full time employment. Those in online or distance learning can apply.
- Have passed class 10, class 12, an ITI, a polytechnic diploma or a graduate degree such as BA, BSc, BCom, BBA or BCA.
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Who is not eligible
- Graduates of top institutions like IITs, IIMs and national law universities.
- Those with professional qualifications like CA, MBBS or MBA.
- Anyone whose family member earned more than Rs 8 lakh in a year.
- Anyone with a family member in a permanent government job.
How to apply
- Visit the official PM Internship Scheme portal.
- Register with your mobile number and Aadhaar.
- Build your profile with education details and preferences.
- Apply for up to a limited number of internships based on location, sector and role.
- Companies shortlist candidates, and selected candidates get offers on the portal.
Status of the scheme
The pilot phase was launched in 2024 with internship rounds announced in phases. The full roll out and future rounds depend on government decisions. Check the official portal for current rounds and deadlines.
Tips for applicants
- Keep your profile complete and accurate.
- Choose locations you can actually move to.
- Beware of fake websites or agents asking for money. The scheme does not charge any fee.
Bottom line
The PM Internship Scheme offers a paid year of work experience in leading companies for young people from modest backgrounds. Apply only on the official portal and track new rounds there.
Source / स्रोत: PM Internship Scheme portal, Ministry of Corporate Affairs, Ministry of Corporate Affairs, Press Information Bureau
