Prime Minister Internship Scheme for 1 Crore Youth 2025 has been announced by the Finance Minister of India. While presenting the education budget, Finance Minister Nirmala Sitharaman revealed the launch of this initiative. This scheme aims to provide internships to students who have completed their education, offering financial support and a monthly allowance to selected candidates. All funds will be sent directly to the applicants’ bank accounts.
This scheme is designed to create employment opportunities and equip the unemployed youth in India with necessary professional experience. Under the Prime Minister Internship Scheme, benefits will be available to 1 crore youth, helping them gain essential experience that eases their transition into job markets. Applicants who meet the eligibility criteria must visit the official website to complete the online application form.
Overview of the Internship Scheme for 1 Crore Youth
The Government of India has introduced the Prime Minister Internship Scheme to enhance job prospects for the unemployed youth. The initiative, as announced by the finance minister, plans to benefit 1 crore young individuals. This program aims to provide necessary experience, allowing applicants to secure jobs more easily. To avail of the benefits, eligible candidates should visit the official website and fill out the application form.
Scheme Official Launch Date: 3rd October 2024
This one-year Prime Minister Internship Scheme will officially launch on October 3, 2024, focusing on individuals aged 21-24 years. The scheme offers internships in 500 top companies across India and is part of the Prime Minister’s Employment and Skilling Package announced in the Union Budget. Candidates can apply via an internship portal set to launch the same day. Eligibility requires candidates to not be engaged in full-time employment and come from families without government employees.
While graduates from prestigious institutions like IITs or IIMs are excluded, youth from Industrial Training Institutes (ITIs) and skill centers can apply. Participants will receive a monthly allowance of ₹4,500 from the government, with an additional ₹500 from companies through their CSR funds. The scheme aims to train 10 million youth over five years, rolling out in phases.
Aim of the Youth Internship Scheme
The Youth Internship Scheme intends to provide youth with corporate experience, enhancing their employment opportunities. Successful applicants will benefit from a monthly stipend that goes up to ₹5000 and a one-time financial assistance of ₹6000, allowing them to support themselves during their internships in India’s leading companies.
Summary of Prime Minister Internship Scheme
| Name of the Scheme | Prime Minister Internship Scheme |
|---|---|
| Introduced by | Government of India |
| Objective | Provide internships |
| Beneficiaries | Youth of India |
| Official Website | Visit Here |
Eligibility Criteria
Detailed eligibility criteria for the Prime Minister Internship Scheme include:
- Must be a permanent resident of India.
- Applicants should be between 21 and 24 years old.
- Must not be engaged in full-time employment.
- Candidates must have completed SSC, HSC, or hold an ITI certificate, Polytechnic diploma, or equivalent graduation degrees.
Ineligibility Criteria
The following individuals are not eligible for the Prime Minister Internship Scheme:
- Engaged in full-time employment or education.
- Graduates from IITs, IIMs, national law universities, or any prestigious institutions.
- Those with degrees such as CA, CMA, CS, MBBS, BDS, or higher degrees.
- Currently enrolled in any government skill, apprenticeship, or internship programs.
- Completed apprenticeships under NATS or NAPS.
- Family income exceeding ₹8 lakh for FY 2023-24.
- Family members who are permanent government employees (excluding contractual employees).
#WATCH | Nirmala Sitharaman announces, “The Government will launch a scheme to provide internship opportunities to 1 crore youth in 500 top companies with ₹5000 per month as internship allowance and one-time assistance of ₹6000.” pic.twitter.com/v95f2PKTwV— ANI (@ANI) July 23, 2024
Schedule for Prime Minister Internship Scheme
| Event | Date |
|---|---|
| Portal Launch | October 3, 2024 |
| Last Date of Registration (Phase 2) | 12th March 2025 |
Educational Qualifications
The scheme is open to candidates who have completed their education with qualifications ranging from High School to degrees like BA, B.Sc, B.Com, BCA, BBA, and B.Pharma.
Benefits of the Prime Minister Internship Scheme
- Enhances job prospects by providing work experience in top companies.
- Offers practical training essential for industry demands.
- Provides financial support during internships.
- Valuable insight into real-world working conditions.
- Facilitates opportunities to network professionally.
- Encourages youth from diverse backgrounds to gain industry experience.
- Establishes a transparent selection process.
- Aims to train over 10 million youth within five years.
- Supports companies in enhancing internship training quality.
#PMInternshipScheme | The Prime Minister’s Internship Scheme launches today, aiming to empower 1 crore youth through internships in 500 leading companies across India.
Interns will receive a monthly stipend of ₹5,000, with applications opening on… pic.twitter.com/zjqkcov6Kk— DD News (@DDNewslive) October 3, 2024
Date Announcements
- October 3 to 10: Companies will submit available internship positions on the internship portal.
- October 12 to November 10: Candidates will apply through the portal.
- Post November 10: An AI-generated shortlist will be prepared.
- Post November 10: Companies review candidates.
Financial Assistance and Monthly Stipend
- Financial assistance of ₹6,000 for selected candidates will be awarded under the scheme.
- Monthly stipend of ₹5,000 will be provided to selected candidates.
Documents Required
- Aadhar Card
- Email ID
- Mobile Number
- Address Proof
- PAN Card
- Ration Card
Key Features of the Scheme
- The program lasts for one year, providing structure for skill development.
- Interns receive a monthly stipend alongside additional company contributions.
- An online application portal streamlines internship applications.
- Internships are provided in top Indian companies.
- Selection will be conducted through an automated system, promoting fairness.
- Two-phase rollout aims to skill a total of 10 million youths.
- Interns must spend at least six months in real-world settings.
- Companies can partner to enhance internship experiences.
Partner Company Criteria
- Companies will be shortlisted based on their CSR expenditure over the past three years.
- Companies outside the initial selection can obtain approval from the Ministry.
- Partnerships with supply chain companies are permissible.
Financial Support Under the Scheme
Support and Benefits
- This scheme operates as a Direct Benefit Transfer program, offering financial assistance directly to interns.
Monthly Assistance for Interns
- Interns receive ₹5,000 per month during the internship.
- Monthly breakdown: ₹500 from the company; ₹4,500 from the government.
- Companies may provide additional payments if desired.
Incidentals Grant
- A one-time grant of ₹6,000 for incidentals at the beginning of internships.
- Funds to be transferred directly to the intern’s account.
Training Costs
- Companies are responsible for covering training-related expenses using their CSR funds.
Administrative Costs
- Companies can allocate up to 5% of CSR spending for administrative costs under the established guidelines.
Insurance Coverage
- Interns will receive coverage under government insurance schemes.
- Companies may provide additional accident coverage.
Phased Implementation
- Two phases will structure the implementation timeline.
- Phase 1 aims to skill 3 million youth over two years.
- Phase 2 targets an additional 7 million over three years.
Internship Portal Launch
The designated portal for the Prime Minister Internship Scheme will go live on October 3, 2024. Youth can apply for internships with leading companies. Companies will list open internship positions, and applications will commence on October 12, 2024. The scheme encourages unemployed youth from families without government employees to apply, while those who attended reputed institutions will be excluded. ITI and skill center youths are encouraged to take advantage of the program, with a stipend of ₹4,500 from the government and ₹500 from the companies through CSR funds.
Assigned Companies
- 500 companies will collaborate with the Government of India for the Prime Minister Internship Scheme implementation.
Selection Process Overview
- Intern selection will occur through an automated process to minimize bias.
- Companies will review candidates selected by the system.
- If dissatisfied, companies can restart the selection process.
- A governmental panel will ensure compliance and fairness in the selection.
Application Process for the Prime Minister Internship Scheme 2025
To apply, follow these steps:
STEP 1: Visit the official PM Internship website.
STEP 2: Complete registration with your personal and educational details.
STEP 3: The portal generates a resume based on your registration information.
STEP 4: View available internships by preference through the portal.
STEP 5: Apply for up to five internships matching your interests.
STEP 6: Candidates will be shortlisted based on application suitability.
STEP 7: Companies review short-listed candidates and extend offers as per selection criteria.
STEP 8: Accept any internship offers through the portal.
Logging into the Prime Minister Internship Scheme
STEP 1: Go to the official website.
STEP 2: Click on the “Login” button on the homepage.
STEP 3: Enter your Username/Mobile/CIN and Password.
STEP 4: Click on “Login” to proceed.
Guidelines Download
STEP 1: Visit the official website at https://pminternship.mca.gov.in/.
STEP 2: Click on the “GUIDELINES” option on the homepage.
STEP 3: The guidelines will appear on your screen.
STEP 4: Click the download sign to save the document to your device.
Contact Information
If you need assistance, please contact:
Address: A Wing, 5th Floor, Shastri Bhawan, Dr. Rajendra Prasad Rd, New Delhi-110001
Toll-Free Number: 1800 11 6090
Email ID: pminternship[at]mca.gov.in
Important Downloads
FAQs
What is the Prime Minister Internship Scheme?
This is a government initiative focused on enhancing youth employability through internships in leading companies.
Who can apply for the scheme?
Eligible youth aged 21 to 24 years, who are not involved in full-time jobs or education.
What financial assistance do interns receive?
Interns get ₹5,000 per month for 12 months; ₹4,500 funded by the government, ₹500 contributed by the company.
How do I apply for the scheme?
Candidates must register on the online portal, create a resume, and apply for up to five preferred internships.
What is the online portal’s purpose?
This platform facilitates the entire internship application and selection process.
Are there operational guidelines available?
Yes, comprehensive operational guidelines are available on the internship portal for participants.
What steps are involved in the selection process?
The selection process includes automated shortlisting and company reviews of candidates chosen by the system.