The Union Corporate Affairs Ministry announced that the pilot phase of the Prime Minister’s Internship Scheme has garnered an overwhelming response, with approximately 6.21 lakh applications submitted for 1.27 lakh internship opportunities. PM Internship Scheme was announced in the Union Budget for 2024-25, the scheme kicked off with a pilot project for the financial year 2024-25, targeting 1.25 lakh internships. The internship opportunities span 24 sectors, including oil, gas, energy, travel, hospitality, automotive, and banking and financial services, etc. The companies selected for this pilot were identified based on their corporate social responsibility (CSR) expenditure over the past three years, ensuring that participants are placed in organizations that are committed to social and ethical practices.
What sets this Scheme apart is its independence from existing skill development schemes, apprenticeships, and student training initiatives currently implemented across all states and union territories of India. By focusing solely on internships, the Prime Minister’s Internship Scheme seeks to create a tailored experience that enhances employability and provides young people with real-world exposure. This initiative is particularly beneficial for regions like Jammu and Kashmir, offering youth the chance to enhance their skills and explore diverse career paths.
About the PM Internship Scheme
The PM Internship Scheme is a pioneering initiative by the Indian government aimed at empowering the youth of India, including those from Jammu and Kashmir. The scheme bridges the gap between academic learning and real-world professional experience by providing internships across the top 500 companies in the country.
- Pilot Phase Targets: The pilot phase aims to engage 1.25 lakh youth, with an ambitious five-year plan to provide internships for one crore individuals nationwide, including ample opportunities for aspirants from Jammu and Kashmir.
- Professional Exposure: Participants gain hands-on experience in various professions, helping them navigate real-life business environments and access diverse employment opportunities.
- Financial Assistance: Interns will receive a monthly stipend of ₹5,000 for 12 months, along with a one-time grant of ₹6,000, ensuring financial support for aspiring professionals.
Eligibility Criteria for the Scheme
The scheme welcomes applications from young individuals across India, including Jammu and Kashmir, provided they meet the following eligibility requirements:
- Age Limit: Candidates aged between 21 and 24 years.
- Educational Qualifications: Open to those who have completed Class 10 or higher.
- Exclusions:
- Post-graduates, IIT, IIM, or IISER graduates, and individuals with CA or CMA qualifications are not eligible.
- Individuals from households earning ₹8 lakh or more annually or those with government jobs are excluded.
To apply and for more information about the scheme click here and visit the offical website for PM Internship Scheme.
Empowering Jammu and Kashmir’s Youth
This scheme offers a significant opportunity for the youth of Jammu and Kashmir to enhance their skills and become competitive in today’s job market. By engaging with top organizations, participants can gain valuable insights, improve their employability, and contribute to the region’s economic growth.
The Prime Minister’s Internship Scheme is a step towards creating an inclusive and skilled workforce, ensuring every corner of India, including Jammu and Kashmir, benefits from this visionary initiative.
