Everything You Need to Know About The PM Internship Scheme

Aug 05, 2024 Toshani Adhikary

In the 2024 budget speech, the Finance Minister announced an internship scheme for 1 crore youth in top 500 companies

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Interns will get Rs 5,000 per month, a one-time aid of Rs 6,000, and 12 months of business exposure

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A 2-year first phase will be followed by a 3-year second phase of the scheme

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The scheme targets youth aged 21-24 who are unemployed or not in full-time education

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Companies will select interns based on objective criteria, prioritizing those with lower employability

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Candidates with IIT, IIM, or IISER qualifications, or whose family members work in government or are income taxpayers are ineligible

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CSR (Corporate Social Responsibility) funds will be used for training and 10% of internship costs

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Details of the online portal for internship applications will be announced later.

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