Are you a young person looking to kickstart your career? If so, you might want to pay attention to the PM Internship Scheme. This initiative from the Indian government is all about helping you gain valuable work experience and boost your employability. Let’s dive into what this scheme is all about, who can apply, and how you can get involved!
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Prime Minister Internship Scheme
| Name of the scheme | Prime Minister Internship Scheme |
| Introduced by | Government of India |
| Objective | Provide internship |
| Beneficiaries | Youth of India |
| Official website | https://pminternship.mca.gov.in/login/# |
What is the PM Internship Scheme?
The project was unveiled on July 23, 2024, with the presentation of the union budget for 2024–2025. The PM Internship Scheme was launched on October 3, 2023, by Finance Minister Nirmala Sitharaman, and it’s here to make a difference.
The aim? To provide internship opportunities to 1.25 lakh young individuals by 2025 and ultimately help 10 million over the next five years. It’s designed to equip you with essential skills and hands-on experience, making it easier for you to land a job later on. Sounds exciting, right?
The Government of India has assigned 500 firms to implement the Prime Minister Internship Scheme for 1 Crore Youth 2024.
Who Can Apply?
So, you’re probably wondering if you’re eligible for this fantastic opportunity. Here’s what you need to know:
- Age Limit: You should be between 21 and 24 years old to apply.
- Educational Background: At the very least, you need to have completed your 10th grade. If you’ve completed training at an Industrial Training Institute (ITI) or a Skill Center, you’re good to go! Even those with diplomas from polytechnic institutes can join.
- Employment Status: You must not be engaged in any full-time or permanent job. This scheme is specifically for individuals whose family members (including parents or spouses) do not hold government jobs.
- Annual Income: Your family’s annual income should not exceed ₹8 lakh.
- Exclusions: If you’re a graduate of prestigious institutions like IITs or IIMs, or if you have qualifications like CA or CMA, this scheme isn’t for you. Also, those currently enrolled in formal degree courses are ineligible.
The opportunity was announced on the 3rd of October, although the application is still yet to open by October 13th.
For more detailed information, make sure to check out the official government website.
Ineligibility Criteria
The following are the ineligibility conditions for the Prime Minister Internship Scheme:
- You cannot apply if you are working or attending school full-time.
- Graduates of IITs, IIMs, National Law Universities, IISER, NIDs, and IIITs are not eligible.
- CA, CMA, CS, MBBS, BDS, MBA, PhD, and all master’s degrees are ineligible.
- You are ineligible if participating in a government skill, apprenticeship, or internship program.
- Those who have completed apprenticeships under NATS or NAPS are not eligible to apply.
- You are ineligible if your family income exceeds Rs. 8 lakh in the fiscal year 2023-24.
- You are ineligible if any family member (self, parents, or spouse) works for the government permanently or regularly.
You can Also Read: All About The DPIIT internship
Document Required
The Prime Minister Internship Scheme requires the following documents:
- Aadhar Card
- Email ID
- Mobile Number
- Address Proof
- PAN Card
- Ration card
Schedule of The Prime Minister Internship Scheme 2024
The schedule of the Prime Minister Internship Scheme is as follows:
- The system will formally begin on October 3, 2024.
- Companies can register and post internship openings from October 3 to October 11, 2024. This time allows businesses to plan and promote the internships they are offering.
- Candidates can apply for internships starting October 12, 2024.
- The internship program will last one year.
- Participants will get a monthly stipend to help them with their internships.
Related Topic: Internship at Niti Aayog
Benefits of The Prime Minister Internship Scheme 2024
Here are the major advantages of the Prime Minister Internship Scheme:
- The plan improves participants’ career prospects by giving them real work experience in leading firms.
- The program provides hands-on training to interns, preparing them with critical skills relevant to industry expectations.
- Interns would get a monthly stipend of Rs. 4,500 from the government, with an extra Rs. 500 given by enterprises to ensure financial support during their internships.
- It provides valuable exposure to real-world working contexts, allowing for a better understanding of professional dynamics.
- Provides an opportunity to intern with India’s top 500 organisations, thereby expanding members’ professional networks.
- It encourages young people from diverse backgrounds, including those from ITIs and skill centres, to enter the workforce.
- It ensures a transparent selection process, which reduces bias and improves candidate fairness.
- Over the next five years, the program aims to teach over ten million children, addressing the workforce’s skill gap.
- It enables employers to work with partners to provide a more comprehensive internship experience.
How to Apply
If you are eligible, you must register on the Portal (www.pminternship.mca.gov.in). The Portal will generate a résumé using the information that you provide. You will have access to a browsing facility.
Regarding chosen sectors, functional roles, locations, and other factors. You can apply for up to five (5) internship positions depending on your preferences, including location (state or district), sector, functional job, and qualifications.
Still trying to understand? Here’s a simple breakdown of the application process:
To apply for the scheme, follow the steps given below:
Step 1: Visit the official PM Internship website.
Step 2: Complete the registration process by providing the required personal and educational details.
Step 3: The portal will automatically generate a resume based on the information you provided during registration.
Step 4: Use the portal’s browsing facility to view available internship opportunities based on your preferences (sector, location, role, etc.).
Step 5: Apply for up to five interesting internship opportunities, considering your qualifications and preferences.
Step 6: The portal will shortlist candidates based on their applications and the requirements posted by the partner companies.
Step 7: Companies will review the shortlisted candidates and send offers based on their selection criteria.
Step 8: Once you receive an internship offer, you can accept it through the portal.
Related Topic: Internship at ISRO
What’s the Stipend Like?
Now, let’s talk about the perks! As an intern under the PM Internship Scheme, here’s what you can expect:
- Monthly Stipend: You’ll earn ₹4,500 each month, and additional funds may be provided through Corporate Social Responsibility (CSR) initiatives.
- One-Time Payment: You’ll also receive a one-time payment of ₹6,000 at the start of your internship.
- Insurance Coverage: The government has got your back! You’ll be insured under programs like the PM Jeevan Jyoti Bima Yojana and the PM Suraksha Bima Yojana, with all premium costs covered by them.
How to Login
To log in for PMIS, follow the steps given below:
- Step 1: Visit the official website.
- Step 2: On homepage click on the “Login” button.
- Step 3: Enter Username / Mobile / CIN and then enter Password.
- Step 4: Click on “Login” button to complete the login process.
Guidelines for The Prime Minister Scheme 2024
To download guidelines, follow the steps given below:
Step 1: Visit the official website at https://pminternship.mca.gov.in/.
Step 2: On the homepage click on the “GUIDELINES” option.
Step 3: PMIS_Guidelines.pdf will appear on your screen.
Step 4: Click on the download sign on the top right corner.
Step 5: Guidelines will be downloaded to your device.
Selection Process
Here is a single-point summary of the Prime Minister Internship Scheme selection process:
- To reduce bias, the intern selection process will be automated on the backend.
- Companies will review the applicants identified by the system.
- If a corporation is dissatisfied with the automatically selected applicants, the selection process is restarted.
- The selection process will be overseen by a panel of government officials and people from the business.
- The panel will guarantee that the selection process is compliant and fair, as well as handle any issues that may occur.
Insurance Given by the Program
Under the Prime Minister Internship Scheme, it is not only the stipend that you get but also a secure future with the insurance below.
- Each intern will obtain insurance coverage through government schemes.
- Pradhan Mantri Jeevan Jyoti Bima Yojana.
- Pradhan Mantri Suraksha The Bima Yojana
- The government will pay the premium for this insurance coverage.
- Companies can also choose to give their interns additional accident insurance coverage.
Important Download Links
Why It Matters
The PM Internship Scheme is a game-changer, especially considering the rising unemployment rates. Recent reports show that around 9.2% of young people are currently unemployed, and many of them are educated. This scheme aims to bridge the skill gap, ensuring you’re job-ready and set for success in your career.
Explore More Opportunities with Internguru!
While the PM Internship Scheme is an incredible chance, don’t forget that there are plenty of other internships out there waiting for you! Visit Internguru, your go-to blog for the latest internship opportunities tailored just for students and working professionals. With curated listings, helpful insights, and tips for your applications, Internguru is here to help you unlock your career potential.
Apply Now
The PM Internship Scheme is not just an opportunity; it’s a stepping stone toward a successful career. With clear eligibility criteria and a straightforward application process, it’s your chance to gain experience and skills that can make a real difference.
If you think this scheme is right for you, get ready to apply and take that first step toward an exciting future. Good luck, and remember, your dream job might be just around the corner!
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FAQs
- What is the PM Internship Scheme?
The PM Internship Scheme provides internship opportunities to 1.25 lakh young individuals by 2025, helping boost employability.
- Who is eligible to apply for the PM Internship?
Applicants must be aged 21-24, have completed at least 10th grade, and not be in full-time jobs. Family income should not exceed ₹8 lakh.
- How do I apply for the PM Internship Scheme?
Apply at pminternship.mca.gov.in starting October 12, 2024. Registration closes on October 25, 2024.
- What stipend can I expect as an intern?
Interns receive a monthly stipend of ₹4,500 and a one-time payment of ₹6,000 at the start of the internship.
- Why is the PM Internship Scheme important?
The scheme aims to reduce unemployment among educated youth by bridging the skill gap and preparing participants for careers.
