More than 1.55 lakh candidates have signed up for the newly launched PM Internship Scheme in just 24 hours, according to reports citing government sources.
The registration process for the Scheme began on Saturday. The portal offers nearly 80,000 internship opportunities across 24 sectors.
The scheme, announced by Finance Minister Nirmala Sitharaman in the Union Budget 2024, aims to benefit around 10 million young people over the next five years.
It aims to address youth unemployment and will help connect young people with companies that are seeking talent.
Major private firms such as Jubilant Foodworks, Maruti Suzuki India, Larsen and Toubro, Muthoot Finance, and Reliance Industries are among the 193 companies that posted internship opportunities on the platform.
Internships are available across 24 sectors and over 20 fields, including operations management, production, maintenance, and sales. The initiative has also received contributions from oil, gas, energy, travel and hospitality, automotive, and banking sectors.
The portal ensures efficient internship access across sectors with Aadhaar-based registration and tools like bio-data generation.
The scheme targets over 1.2 lakh internships in 737 districts across 28 States and 8 Union Territories in the current financial year. Further, top companies are also offering positions that could help address skill gaps and boost employment.
According to the Ministry of Corporate Affairs, which is managing the scheme, it is a transformative initiative by the government to ensure the skills of the youth, which will enhance their employability.
The selected candidates will have the opportunity to do an internship in the top 500 companies in India for a year and will also receive an allowance of ₹5,000 per month and ₹6,000 as a one-time grant. Of the ₹5,000 stipend, ₹500 will come from companies as part of their Corporate Social Responsibility (CSR) funds, and the government will provide the remaining ₹4,500.
To apply for the Scheme, candidates should have passed high school or higher secondary school, have a certificate from an ITI, hold a diploma from a Polytechnic Institute, or must be graduates with degrees such as BA, B.Sc, B.Com, BCA, BBA, B.Pharma, etc. Candidates can register themselves on the portal through https://pminternship.mca.gov.in.
–IANS
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