Pm (Pradhan Mantri) Internship Yojana (Program) 2024, Budget Scheme

Check Pm or Pradhan Mantri Internship Yojana (Program) 2024, Budget Scheme, Apply Online, Status check, Beneficiary List, Eligibility.

Pm (Pradhan Mantri) Internship Yojana (Program) 2024, Budget Scheme

During the Union Budget 2024-25 presentation, Union Finance Minister Smt. Nirmala Sitharaman announced the extension of the Prime Minister Internship Scheme as the fifth scheme under the Prime Minister Package. This initiative aims to provide internship opportunities in 500 top companies to 1 crore youth over the next five years. The scheme offers a year-long exposure to real-world business environments and various professions, thereby enhancing employment prospects for participants.

In addition, the Finance Minister introduced an initiative allowance of Rs. 5,000 per month and a one-time assistance of Rs. 6,000 to the youth participating in the internship. Companies hosting interns are expected to cover the training costs and 10% of the internship expenses from their CSR funds, further supporting the initiative.

Prime Minister Internship Scheme 2024 :

Post Prime Minister Internship Scheme 2024
Scheme  Government of India
Mode Online
Announced By Union Finance Minister, Smt. Nirmala Sitharaman
Who Can Apply Unemployed Youth who are Domicile of India
Age Limit Above 18 Years
Scheme Amount Rs. 5,000 per month + One-Time Assistance of Rs. 6,000
Number of Companies 500 Top Companies
Must Have Documents As Required
Beneficiary Targeted 1 crore youth in 5 years
Internship Details Stipend of ₹5,000 per month, practical training in top companies
Company Responsibility Covers training expenses using 10% of CSR funds
Motive of Scheme Foster skill development, enhance employability, and secure permanent employment

 

Youth Internship Scheme Announcement :

In a significant move aimed at enhancing the skilled workforce, the government has launched a scheme to offer internship opportunities to 1 crore youth. These internships will be provided across 500 top companies.

Financial Support :

The scheme includes a monthly internship allowance of Rs 5,000 and a one-time assistance of Rs 6,000. This financial aid aims to support the interns during their training period.

Corporate Responsibility :

Companies participating in the scheme are required to cover the training expenses, with 10% of the internship cost to be borne from their Corporate Social Responsibility (CSR) funds.

Prime Minister Internship Scheme Amount :
  • Monthly Allowance: Rs. 5,000 per month during the internship period.
  • One-Time Assistance: Rs. 6,000 provided at the beginning of the internship.
Benefits of Prime Minister Internship Yojana 2024 :
  • Internships available in 500 top companies spanning various sectors.
  • Over 5 years, the scheme aims to benefit one crore unemployed youth.
  • Provides monthly allowance and one-time assistance for financial support.
  • Offers hands-on experience, industry exposure, and potential career growth in diverse sectors.
  • Participants gain 12 months of exposure in real-life business environments and various professions.
  • Demonstrates a commitment to youth empowerment and job creation.
  • Aims to foster skill development, enhance employability, and create pathways to permanent employment opportunities.
Prime Minister Youth Internship Scheme Registration Process :
  • Firstly, visit the official website of the Prime Minister Youth Internship Scheme.
  • Next, navigate to the registration option on the homepage of the website.
  • Then, candidates need to click on the Registration/Form link for Pradhan Mantri Yuva Internship Yojana Online Registration.
  • Fill in all the required information accurately in the Online Registration/Form provided.
  • Update the documents requested in the Online Registration Form.
  • Review the application form thoroughly and submit it.
  • After submission, candidates will receive an application number; it is advised to take a screenshot for reference.
How to Apply Online For PM Internship Scheme 2024 ?
  • Visit the official website of the Prime Minister Internship Scheme.
  • Navigate to the Internship Scheme section and check for updates.
  • Click on the “New Registration” option available.
  • Enter your Mobile Number, Aadhar Card Number, and complete the verification process through OTP.
  • Proceed by clicking on the link to apply online for the PM Internship Scheme.
  • Fill out the application form displayed on a new page with the required details.
  • Upload scanned copies of the documents requested during the application process.
  • Finally, click on the Submit button to complete the application.
  • Save the PDF of the Internship Scheme Application Form 2024 for future reference.
Eligibility Criteria for PM Youth Internship Yojana :

The Government of India has defined certain rules regarding eligibility for the PM Youth Internship Yojana 2024. Applicants must meet the following criteria:

  • Must be a citizen of India.
  • Both male and female applicants are eligible to apply (expected).
  • Minimum educational qualification required up to at least Class 12 (expected).
  • The applicant should be at least 18 years old or above (expected).
  • Possession of all necessary documents is mandatory for the applicant.
  • The applicant must be unemployed.
Who Can Apply For Internship Scheme ?
  • Applicants must be permanent residents of India.
  • Only unemployed youth are eligible to apply online for the Internship Scheme.
  • Age limits for applicants range from above 18 years to below 40 years.
  • Must meet the educational qualifications specified.
Documents Required For Pradhan Mantri Internship Yojana :
  • Mobile Number and Email ID
  • Aadhar Card, Voter ID Card, PAN Card, etc.
  • Birth Certificate
  • Domicile Certificate
  • Skill Certificate (if applicable)
  • Income Certificate
  • School and Certificate
  • Caste Certificate
  • Bank Account Details
Top 500 Companies for PM Internship Scheme :

The decision on which companies will participate in the PM Internship Scheme, where interns will receive compensation, depends entirely on the companies themselves. Their involvement in the scheme will be crucial. The scheme will be rolled out in phases: Phase 1 for two years and Phase 2 for three years.

CLICK HERE to refer to all the recent schemes announced under the Union Budget 2024.

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