The Prime Minister’s Internship Scheme was launched on October 3.
The PM Internship Scheme aims to provide internship opportunities to one crore youth in the top 500 companies over the next five years.
It will enhance youth employability in India by offering them hands-on exposure to real-world business environments.
The scheme represents a transformative opportunity to bridge the skills gap and drive sustainable growth in India.
The scheme is to provide on-job training to youth and an exposure to real-life work environment.
A monthly stipend of ₹4,500 will be provided to the interns from the central government via DBT (Direct Benefit transfer), with an additional ₹500 offset provided by the company’s CSR fund.
The Candidates, aged between 21 and 24 years who are not engaged in full-time employment, are eligible for the one-year internship programme.