The Ministry of Corporate Affairs (MCA) has extended the registration deadline for the PM Internship Scheme 2024, offering a unique opportunity for youth across India to kickstart their careers in top Indian companies. Candidates now have until November 15, 2024, to apply for internships that could help them gain valuable skills and work experience.
Announced in the Union Budget 2024-2025, the PM Internship Scheme aims to provide internships to one crore young Indians over the next five years. This initiative provides paid internships with top companies across a wide range of sectors, helping participants enhance their employability by combining theoretical knowledge with practical work experience.
Key Highlights of the PM Internship Scheme 2024
- Internship Start Date: The scheme will launch as a pilot project in the 2024-2025 financial year with 1.25 lakh internship opportunities.
- Eligibility: Youth aged 21-24 years who are not currently employed full-time or enrolled in full-time education are eligible. Candidates from prestigious institutions such as IITs, IIMs, and others are not eligible.
- Stipend and Benefits: Interns will receive a monthly stipend of Rs 5,000 through Direct Benefit Transfer (DBT), alongside a one-time joining grant of Rs 6,000.
- Sectors: Internships will be offered across a variety of sectors, providing candidates with diverse exposure and experience.
The internships will be 12 months long, and candidates will undergo two phases: theoretical training and practical hands-on experience. This structure is designed to equip interns with a comprehensive skillset, preparing them for future career opportunities.
Eligibility Criteria for the PM Internship Scheme 2024
Candidates applying for the PM Internship Scheme must meet the following criteria:
- Age: Between 21 and 24 years old as of the application date.
- Educational Status: Candidates should not be engaged in full-time education or employment.
- Qualifications: Eligible candidates include those who have completed high school, higher secondary school, ITI certificates, polytechnic diplomas, or undergraduates in fields like BA, B.Sc., B.Com., BCA, BBA, B.Pharma, and more.
- Exclusions: Candidates from IITs, IIMs, National Law Universities, IISER, IIITs, and those with postgraduate degrees (e.g., CA, CS, MBA) are not eligible.
- Income Criteria: The scheme is not available to candidates whose family income exceeds Rs 8 lakh per annum.
Stipend and Other Benefits
Interns under the PM Internship Scheme will receive several key benefits:
- Stipend: A monthly stipend of Rs 5,000, paid in two parts:
- Rs 500 from the company’s CSR funds, based on attendance and conduct.
- Rs 4,500 directly from the government, transferred to the intern’s Aadhaar-linked bank account.
- Joining Grant: A one-time grant of Rs 6,000 will be provided to interns when they join the program.
How to Apply for PM Internship Scheme 2024
Interested candidates can apply for internships via the official MCA portal by following these steps:
- Visit the MCA Portal: Go to pminternship.mca.gov.in and create an account.
- Create Profile: Submit personal and educational details through Aadhaar authentication.
- Shortlisting Process: Candidates will be shortlisted based on their preferences and the needs of participating companies. The portal ensures representation from marginalized communities, including SCs, STs, OBCs, and Persons with Disabilities (PWDs).
Once registered, candidates will be matched with available internships based on their profile and the needs of participating companies. The internships aim to help participants develop both their hard and soft skills, preparing them for successful careers.
Conclusion
The PM Internship Scheme 2024 offers a tremendous opportunity for youth across India to gain valuable work experience, learn from industry leaders, and receive financial support through stipends. With internships available across diverse sectors, this initiative is set to help thousands of young Indians build the skills needed for the workforce.
Candidates interested in these positions should visit the official portal, register before November 15, 2024, and seize this opportunity to start their professional journey. Keep an eye on the portal for any further updates and announcements.
