The rollout of the Prime Minister’s Internship Program has been postponed for now. The scheme was supposed to be launched on December 2 but has been delayed. A new date is not yet planned.
“A new date will be announced soon. The sciences from the pilot scheme have to be reviewed now,” said a source familiar with the development, adding that it would be launched in the coming weeks.
The ambitious scheme, which aims to provide internship opportunities to 1.25 lakh students in a pilot period of 12 months at India Inc’s leading firms, was to be rolled out today with official letters to students.
Announced in the Union Budget 2024-25 as part of the Prime Minister’s Employment and Skills Package, it aims to provide internship opportunities to 1,000,000 students over 5 years. The aim is to improve employment opportunities for young people by giving them the opportunity to work in large companies.
During the pilot, companies posted a total of 1.27 lakh internship opportunities. Approximately 6.21 lakh applications were received against them.
The PM Internship Scheme portal was opened for youth registration from 12 October 2024 to 15 November 2024.
An amount of Rs 2,000 crore has been allocated in the budget for the financial year 2024-25, of which Rs 6.04 crore has been spent till 20 November. Applicants between the ages of 21 and 24 who have completed at least 10th grade are eligible for the scholarship. scheme. The government will pay each candidate a one-time grant of Rs 6,000 along with a monthly stipend of Rs 4,500. The company will pay another Rs 500 per month to each candidate.
The list of the top 500 companies is based on their average spending on corporate social responsibility (CSR) over the past three years, and participation is voluntary.
