PM Internship Scheme-(Eligibility Criteria, Application Process, Benefits, Participating Companies, Selection Process, Required Documents)-2024

Overview of the PM Internship Scheme 2024

The PM Internship Scheme 2024 is an initiative introduced by the Indian Government aimed at creating a robust internship ecosystem in the country. The primary goal is to provide unemployed youth with valuable hands-on experience in various professional sectors, thereby enhancing their employability and career prospects. This scheme is part of the government’s long-term objective of generating 1 crore internships over the next five years.

Key Features of the Scheme:

• Objective: The scheme targets to provide one crore internships over a five-year span, offering practical experience to unemployed youth.
• Total Internships for 2024: The government aims to fill 1.25 lakh internship positions during the fiscal year 2024-2025​
• Duration: Internships under the scheme will last for 12 months.
• Monthly Stipend: Interns will receive a monthly stipend of ₹5,000 (₹4,500 provided by the government and ₹500 by participating companies via Corporate Social Responsibility (CSR) contributions)​

Eligibility Criteria:

To ensure that the most eligible candidates apply, specific criteria have been set for the scheme:

• Age: Applicants should be between 21 and 24 years old.
• Educational Qualification: Applicants should have completed:
  • High school (10th or 12th)
  • A certificate from Industrial Training Institutes (ITI) or a Diploma from polytechnic institutes
  • Degrees such as BA, BSc, BCom, BBA, BCA, BPharma, etc.
• Employment Status: Applicants must be unemployed at the time of application. However, those enrolled in online or distance learning programs can apply​.

Application and Registration Process:

The application process for the PM Internship Scheme 2024 is designed to be straightforward and accessible:

1. Visit the Official Website: The registration process is conducted online through the portal Click to Go.​
2. Create an Account: Candidates must click the "Register" button and fill out their personal and educational details.
3. Document Submission: Upload the required documents, such as:
   • Educational certificates
   • Identification proof (Aadhaar card, PAN card, etc.)
4. Apply for Opportunities: Candidates can apply for up to five internship positions based on their qualifications and interests.
5. Automatic Resume Generation: Upon registration, the system automatically generates a resume based on the information provided, which helps candidates in applying for suitable internships​.

Important Dates:

• Application Start Date: October 12, 2024
• Last Date to Apply: October 25, 2024

Internship Benefits:

The PM Internship Scheme offers several benefits to ensure that interns not only gain experience but also receive financial support:

• Monthly Stipend: Interns will be paid ₹5,000 per month for 12 months. This includes ₹4,500 from the government and ₹500 from companies via CSR​
• One-Time Financial Support: Interns will also receive a one-time grant of ₹6,000 to cover incidental expenses during the internship​
• Insurance Coverage: Interns will be provided insurance under the PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana​
• Practical Experience: Interns will gain hands-on experience in various professional fields, boosting their employability after the program.

Participating Companies:

A key aspect of the PM Internship Scheme is its association with major Indian companies. More than 500 companies are participating in the scheme, offering internship positions in various sectors. Some of the top companies involved include:

1. Reliance Industries Ltd.
2. Tata Consultancy Services (TCS)
3. HDFC Bank
4. Infosys Ltd.
5. Mahindra & Mahindra Ltd.
6. Tech Mahindra
7. Larsen & Toubro Ltd.
8. ICICI Bank
9. Indian Oil Corporation Ltd.
10. NTPC Ltd.​

These companies cover a wide range of industries, providing interns with opportunities in fields such as finance, technology, manufacturing, and oil & gas. The scheme is designed to provide 80,000 internships across 24 sectors, ensuring that interns can work in their areas of interest.

Selection Process:

• Shortlisting: After submitting their applications, candidates will be shortlisted based on their qualifications and experience. This will be managed through a backend system that matches candidates with the requirements of participating companies.
• Company Review: After shortlisting, companies will assess the candidates and make final selections based on their specific needs and the applicants' profiles

Documents Required for Application:

To apply for the PM Internship Scheme 2024, candidates need to submit the following documents:

1. Educational Certificates: High school diploma, ITI certificate, or degree.
2. Proof of Identity: Aadhaar card, PAN card, or any other government-issued ID.
3. Resume: A resume is automatically generated during the registration process, but candidates can also upload their own.
4. Bank Account Details: Required for stipend disbursement via Direct Benefit Transfer (DBT)​.

Government's Vision and Budget:

The budget allocation for the pilot phase of the PM Internship Scheme is projected to be ₹800 crores, which will cover the stipends, insurance, and incidental expenses for interns. The scheme is an integral part of the government’s larger vision to reduce youth unemployment and boost the country's overall productivity by creating a skilled workforce.

Key Takeaways:

• The PM Internship Scheme 2024 aims to provide one crore internships over five years.
• The scheme is open to youth aged 21-24 who have completed high school or possess an ITI certificate, diploma, or degree.
• Interns receive a monthly stipend of ₹5,000 and one-time financial support of ₹6,000.
• 500 companies across various sectors are participating, including giants like Reliance, TCS, and Infosys.
• The selection process is merit-based, with companies making the final choice based on qualifications​.

Thank you for visit our site

Have a nice day !