The roll out of the PM Internship Scheme has been deferred for now. The scheme was set to be launched on December 2 however has been postponed. No new date has been deliberate for now.
“A brand new date will likely be introduced shortly. The learnings from the pilot scheme must be reviewed at current,” stated a supply accustomed to the event, including that will probably be launched within the coming weeks.
The formidable scheme, that goals to offer internship alternatives to 1.25 lakh college students within the pilot run for a 12 month interval at prime India Inc corporations, was set to be rolled out as we speak with formal letters to be given to college students.
Introduced within the Union Funds 2024-25 as a part of the Prime Minister’s package deal on employment and skilling, it goals to offer internship alternatives to 1 crore college students over a 5 12 months interval. The target is to enhance the employability of youth by offering them publicity to working in giant firms.
Within the pilot run, a complete of 1.27 lakh internship alternatives had been posted by firms for the scheme. In opposition to these, roughly 6.21 lakh purposes have been acquired.
The PM Internship Scheme portal was opened for registrations of the youth from October 12, 2024 to November 15, 2024.
An quantity of Rs 2,000 crore was allotted within the Funds for FY 2024-25 out of which Rs 6.04 crore had been spent until November 20. Candidates between the age of 21 and 24 years outdated, who’ve handed atleast Class 10 are eligible for the scheme. The federal government pays every candidate a one time allowance of Rs 6,000 in addition to a month-to-month stipend Rs 4,500. The corporate pays one other Rs 500 monthly to every candidate.
The listing of the highest 500 firms relies on their common Company Social Accountability (CSR) expenditure within the final three years and participation is voluntary.
