The Prime Minister Internship Scheme 1 Crore Youth is a new initiative announced by the Fianance Minister, Mrs. Nirmala Sitharaman, of India while representing the education budget. The scheme is launched with aim to help the youth of the country. The authorities are providing internships to the students who have completed their studies. In addition, the authorities are proving financial assistance to all the nominated applicants under the PM Internship Scheme Apply Online which includes mounthly financial aid and a one-time financial assistance that will be directly transferred into the beneficiary’s bank account. There is more to this scheme, keep reading this post to know more.
Prime Minister Internship Scheme 1 Crore Youth
The Prime Minister Internship Scheme 1 Crore Youth is designed to provide employment opportunities to India’s unemployed youth by offering them internship This initiative aims to equip young people with essential skills and practical experience that will make it easier for them to secure jobs in the future. According to the announcement by the finance minister, the scheme will be benefiting 1 Crore youth across the country. Eligible candidate must visit the official website to complete the online application process. Those who meet the eligibility criteria will gain access to various internships that can help bridge the gap between academic learning and professional work experience.
Main Objective Of Prime Minister Internship Scheme 1 Crore Youth 2024
The Prime Minister Internship Scheme 1 Crore Youth 2024 aims to help young people in India to gain corporate experience, providing them with practical knowledge to improve their job prospects. Selected applicants under the scheme will receive a monthly stipend of up to INR 5,000 and non-time financial assistance of INR 6,000. In addition, participants will have the opportunities to inter at some of the top 500 companies in India. This scheme is designed to reduce dependency by offering financial support and improve employability, empowering youth to cover their day to day expenses independently.
Short Summary Of Prime Minister Internship Scheme 1 Crore Youth
| Yojana Name | Prime Minister Internship Scheme |
| Start By | Government of India |
| Objective | Provide internship |
| Beneficiaries | Youth of India |
| Official Website | —– |
Financial Assistance Of PM Internship Scheme
- The authorities are providing INR 6000 to the eligible applicants through the PM Internship Scheme 2024
- Under the Prime Minister Internship Scheme 1 Crore Youth 2024 will be providing a monthly stipend of up INR 5000 to the nominated applicants.
Eligibility Criteria
- Only the permanent residents of India can apply for the scheme.
- Interest young applicants are eligible.
- The applicant must be unemployed.
Required Documents
- Aadhar card
- Email ID
- Phone number
- Address proof
- PAN card
- Ration card
No. of Company Assigned
The government of India has assigned a total of 500 companies for the implementation of Prime Minister Internship Scheme 1 Crore Youth 2024.
No of Company Assigend
- A total of 500 companies are assigned with the Government of India for the implementation of the Prime Minister Internship Scheme 1 Crore Youth 2024.
Grant for Incidentals
- Interns will receive a one-time grant of Rs. 6,000 for incidentals when they start their internship.
- This amount will also be transferred directly to the intern by the government.
Training Cost
- Any costs related to training interns will be covered by the company using its Corporate Social Responsibility (CSR) funds, following existing rules.
Administrative Cost
- According to the Companies (CSR Policy) Rules, 2014, up to 5% of the CSR spending on this scheme can be used for administrative costs by the company.
Selection Process
Here’s the selection process for the Prime Minister Internship Scheme outlined in single points:
- Intern selection will be managed through a backend automated process to minimize bias.
- Companies will review the candidates automatically selected by the system.
- If a company is unsatisfied with the automatically selected candidates, the selection process will restart.
Date of Announcement
The authorities made the announcement for the scheme on 23 July 2024 while representing the union budget for 2024-25.
Prime Minister Internship Scheme 1 Crore Youth 2024 Application Process
STEP 1: Firstly, head over to the official website of the Prime Minister Internship Scheme 2024 in order to apply online.
STEP 2: On the home page of the official website, look for an option as Apply Here and once found, click on it.
STEP 3: You will be seeing a new page on your screen now, here enter all the information that are being asked and attach all the important document on the application form.
STEP 4: Lastly, review all the entered details and click the Submit option.
Login for the Prime Minister Internship Scheme
- Go to the official website
- A new home page open on you screen and click on the login option.
- You have enter the details of Enter Username / Mobile / CIN and then enter Password.
- Click on “Login” button to complete the login process.
FAQS
What is the Prime Minister Internship Scheme 1 Crore Youth?
There is no Prime Minister Internship Scheme 1 Crore Youth program. That appears to be a made-up term.
How can I apply for the PM Internship Scheme?
To apply for the PM Internship Scheme, eligible candidates must visit the official website, complete the application form, and submit the required documents before the specified deadline.
What are the benefits of participating in the Prime Minister Internship Scheme 1 Crore Youth?
Participants in the Prime Minister Internship Scheme 1 Crore Youth gain practical experience, develop professional skills, and increase their chances of employment in their chosen fields.