PM Internship Scheme: Boosting Youth Employment in India

The PM Internship Scheme, launched in October 2024, aims to provide 1 crore internships over five years with top 500 companies in India. The scheme, managed by the Ministry of Corporate Affairs, aims to bridge the gap between academic learning and industry requirements.

Scheme Overview and Objectives

PM Internship Scheme launched on October 3, 2024, as part of the Union Budget 2024-25
Aims to provide 1 crore internships over five years with top 500 companies
Pilot project offering 1.25 lakh internships for FY 2024-25
Budget allocation of Rs 800 crore for the pilot phase
Managed through an online portal by the Ministry of Corporate Affairs
Designed to bridge the gap between academic learning and industry requirements
Focuses on providing practical business exposure to young graduates

Eligibility and Application Process

Age criteria: 21-24 years old
Educational qualifications: High School, Higher Secondary, ITI diploma, or graduate degrees (BA, BSc, BCom, BCA, BBA)
Excludes full-time students, employed individuals, and graduates from premier institutes (IITs, IIMs, NLUs)
Registration period: October 12-25, 2024
Application portal: pminternship.mca.gov.in
Selection process: October 27 - November 7, 2024
Offer letters: November 8-15, 2024
First batch starts: December 2, 2024
Reservation policies applied for SC, ST, and OBC candidates

Benefits and Structure

One-year internship duration
Monthly stipend of Rs 5,000 (Rs 4,500 from government, Rs 500 from company CSR funds)
One-time grant of Rs 6,000 upon joining
Insurance coverage under PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana
At least 50% of internship time spent in real-world job environments
Companies selected based on CSR expenditure over the last three years
Participating companies include Mahindra & Mahindra, Max Life, and Alembic Pharma
Multilingual helpline (1800-116-090) and grievance redressal mechanism available

Implementation and Future Outlook

Pilot project implemented across seven districts in Maharashtra, Uttarakhand, Telangana, and Gujarat
111 companies out of top 500 already enrolled in the program
1,077 internship positions listed across various sectors
Companies can collaborate with suppliers or affiliated entities to provide internships
Dedicated dashboard for companies to post internship opportunities
Scheme expected to expand to more companies and sectors in future phases
Aims to address youth unemployment and enhance skill development

The 52nd Chief Justice of India

The official appointment of Justice BR Gavai as the 52nd Chief Justice of India (CJI) on May 14, 2025, is a momentous occasion for a variety of reasons. From legal buffs to UPSC aspirants to the gener

A ₹3,706 Cr Vision for UP’s Growth

2025 appears to be a pivotal year for the electronics and manufacturing sector in India, with Uttar Pradesh being particularly affected. As their 2025 development plans gain momentum, the Indian g

The Rise of Female Entrepreneurs in India

India’s startup boom is reshaping industries, and thankfully, it’s opening doors for female entrepreneurs in India to become job creators, leaders, and change-makers. However, despite

India’s Economy Needs a Reboot

Sabeer Bhatia on India’s Economy Commonly understood as the foundation of economic growth measures, an Indian IT visionary is challenging the fundamental basis of this perspective. When Sab

India’s University Vacancies in 2025 Explained

India's university system is undergoing significant changes with the implementation of the National Education Policy 2020. Many respected companies still lack a permanent chief executive offic

Mahabodhi Temple Controversy Heats Up in 2025

Mahabodhi Temple Controversy: What You Need to Know Every day brings with it new debates and developments. But some controversies go deeper—touching not just legal or political aspects, b

Indian Railways and the RTC Power Mode

Indian Railways' Green Shift with RTC Power Model The Indian Railways is not just a lifeline for millions—it’s now becoming a beacon of sustainability. With a sharp focus on

India's Defence Exports in 2024-2025

Record Growth in Defence Exports In the financial year 2024-25, India's defence exports in 2024-2025 reached a historic milestone of ₹23,622 crore (approximately US$2.76 billion), marking a

New Waqf Bill 2025

Waqf Bill 2025 Introduced in Parliament The Waqf (Amendment) Bill 2025, introduced in New Delhi by Union Minister of Minority Affairs Kiren Rijiju in April 2025, was intensely debated in the

NHAI Hikes Toll Charges by 4-5%

NHAI Hikes Toll Charges by 4-5% Across National Highways April 1, 2025: Commuters on national highways will now have to pay higher toll fees as the National Highways Authority of India (NHAI) hik