About PM internship scheme:
- It is a remarkable initiative launched by the Indian government, designed to provide valuable internship opportunities for the youth of India.
- It aims to bridge the gap between academic learning and real-world experience by offering internships across the top 500 companies.
- The pilot phase targets 1.25 lakh youth, with a five-year goal to facilitate internships for one crore young individuals.
- Through this Scheme, youth will gain exposure to real-life business environment, across varied professions and employment opportunities.
- Under this scheme, interns will be provided monthly financial assistance of Rs 5,000 for 12 months and a one-time grant of Rs 6,000.
- Who is eligible for the scheme?
- Candidates aged between 21 and 24 years and who are not engaged in full-time employment.
- Internships are available to those who have passed class 10 or higher.
- Individuals from families with government jobs are excluded.
- It is not open to post-graduates.
- A candidate who graduated from premier institutes such as IIT, IIM, or IISER, and those who have CA, or CMA qualification would not be eligible to apply for this internship.
- Anyone from a household that includes a person who earned an income of Rs.8 lakh or more in 2023-24, will not be eligible.
