Prime Minister Internship Scheme (2024-2025) in Top Companies has been announced in the budget 2024-2025. It aims to provide internship opportunities to one crore youth in the top 500 companies in five years. Through this scheme, youth will gain exposure for 12 months to real-life business environments, across varied professions and employment opportunities.
The Government of India will also provide financial assistance and a monthly stipend to all selected applicants under the scheme. The financial assistance under the scheme will be transferred directly to the chosen applicant’s bank account.
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Prime Minister Internship Scheme 2024 Details:
- It aims to provide internship opportunities to one crore youth in the top 500 companies in five years.
- Registration for the Prime Minister Internship 2024 will remain open from October 12 to October 25, 2024.
- Selected candidates will be notified between October 27 and November 7, 2024, and companies will issue offers between November 8 and November 15. The first batch of interns is expected to start on December 2, 2024.
- The internships will last 12 months, with at least half of the program focusing on hands-on work experience.
- The candidates must be between 21 and 24 years old and should be Indian citizens. The candidate must not engaged in full-time employment. Part-time or distance learning programs are allowed.
- No family member earns more than 8 lakhs and must not have a government job.
- Interns will receive a monthly stipend of Rs. 4500 from the government, with an additional Rs. 500 provided by companies.
- In addition to the monthly stipend, applicants will receive a one-time financial assistance of INR 6,000 to cover incidental expenses.
- The Prime Minister Internship Scheme will provide insurance coverage for every intern under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana by the Government of India.
Prime Minister Internship Scheme 2024: Key Highlights
| Scheme Name | Prime Minister Internship scheme |
| Department | Ministry of Corporate Affairs |
| Target Age Group | 21 to 24 years |
| Program Duration | 1 year |
| Internship Portal Activate | 3-Oct |
| Internship Application Start Date | 12-Oct |
| Monthly Assistance | 4500 by the Government and 500 by the company |
| Eligibility | Unemployed and between 21-24 years |
| One time Grant Amount | 6000 for incidentals |
| Additional benefits | Insurance Coverage |
| Family Eligibility | No Member is earning more than 8 lakh per anum No member has a Government Job |
| Internship Duration | 12 months |
| Official Website | https://pminternship.mca.gov.in/login/ |
| Helpline Number | 1800116090 |
Prime Minister Internship Scheme 2024 Amount:
Interns will receive a monthly stipend of Rs. 4500 from the government, with an additional Rs. 500 provided by companies as part of their corporate social responsibility (CSR) initiatives.
The Amount will be transferred directly to the chosen applicant’s bank account through the direct benefit.
As an additional benefit, Insurance coverage for every intern under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana by the Government of India.
Prime Minister Internship Scheme 2024 Duration:
The Prime Minister internship will last 12 months, with at least half of the program focusing on hands-on work experience. This approach is designed to equip participants with practical job skills.
Prime Minister Internship Scheme 2024 Eligibility Criteria:
- The candidates must be between 21 and 24 years old and must be Indian citizens.
- The candidates must not engaged in full-time employment.
- The candidates enrolled in online/distance learning programs are eligible to apply.
- No Family member is earning more than 8 Lakhs per annum.
- No Family member has a government job.
- Individuals who studied at prestigious institutions like IITs, IIMs, or hold qualifications like CA or CMA are not eligible.
- Youth trained at Industrial Training Institutes (ITIs) and Kaushal Kendras (skill centers) can apply.
- The candidates undergoing any skill, apprenticeship, internship, or student training program under central or state government scheme are not eligible for the Prime Minister Internship Scheme.
Prime Minister Internship Scheme 2024 Helpline:
A grievance redressal mechanism and multilingual helpline (1800-116-090) have been set up to address any issues during the Prime Minister internship process.
How to Apply for Prime Minister Internship Scheme 2024:
The candidates can register on the Prime Minister Internship official portal https://pminternship.mca.gov.in, complete their profile, generate their CV, and submit their preferences from the list of opportunities available.
Registration for these internships will remain open from October 12 to October 25, 2024.
Selected candidates will be notified between October 27 and November 7, 2024, and companies will issue offers between November 8 and November 15. The first batch of interns is expected to start on December 2, 2024.
List of Prime Minister Internship Partner Company
The top 500 companies have been identified by the ministry on the basis of their CSR expenditure of the last three years. Click here to check the list of partner companies for Prime Minister Internship Scheme 2024.
Frequently Asked Questions
Who is eligible for Prime Minister Internship Scheme 2024?
Candidates aged between 21 and 24 years who are not engaged in full-time employment are eligible for the one-year internship program.
What is the PM internship scheme?
Prime Minister Internship Scheme (2024-2025) in Top Companies has been announced in the budget 2024-2025. It aims to provide internship opportunities to one crore youth in the top 500 companies in five years. Through this scheme, youth will gain exposure for 12 months to real-life business environments, across varied professions and employment opportunities.
How to apply for a Prime Minister Scheme 2024 internship?
The candidates can register on the Prime Minister Internship official portal https://pminternship.mca.gov.in, complete their profile, generate their CV, and submit their preferences from the list of opportunities available.
What is the monthly stipend under the Prime Minister Internship Scheme 2024?
Interns will receive a monthly stipend of Rs. 4500 from the government, with an additional Rs. 500 provided by companies as part of their corporate social responsibility (CSR) initiatives.
Additionally, a one-time grant of ₹6,000 will be provided by the Government of India to each intern after joining the internship.
What is the duration of the Prime Minister internship?
Internships under the Prime Minister Internship Scheme will be for a duration of one
year (12 months).
Will I get a job after my Prime Minister internship?
The Prime Minister Internship Scheme provides a valuable opportunity to learn and enhance your skills by working with top companies in India. While the scheme does not guarantee a job upon completion, the knowledge, practical experience, and professional networks you develop during the internship will significantly enhance your career prospects.