Comments
The Prime Minister Internship Scheme, launched on a pilot basis on Thursday, has seen a promising start, with 50 companies already onboarded to the portal within the first two days.
More than 2200 internship opportunities have been listed on the PM Internship portal till 3pm on Friday, sources in the Ministry of Corporate Affairs (MCA) said.
The Government on Thursday said that it has set aside ₹800 crore for the pilot scheme, which aims to provide 1,25,000 internships to youth aged between 21 and 24 in FY’25.
MCA is administering the PM Internship Scheme, which was announced in this year’s budget as part of government efforts to give a push to job creation and skilling among youth of the country.
The internship portal is being managed by the Bhaskaracharya Institute for Space Applications and Geoinformatics (BISAG), a national agency by the Gujarat Government.
The internship offers under the PMIS will be given by India’s top 500 companies ranked by average CSR spend in last three financial years. Corporates can between October 3-12 submit available positions on the internship portal. From October 12 to October 25, candidates can apply on the portal. Candidates shortlist will be prepared on October 26 using Artificial Intelligence (AI).
Companies will between October 27-November 7 review and select candidates. The candidates can then between November 8-15 accept or reject the internship offers.
Some of the big companies that had onboarded to the internship portal on first day include Mahindra &Mahindra, Alembic Pharma and Max Life Insurance.
Pay Breakup
Under the scheme, MCA will give ₹6000 upon joining to interns. A monthly assistance of ₹5000 (₹4500 by government and ₹500 by companies from CSR funds) will be provided for 12 months.
Companies can provide assistance over and above ₹500 if they wish to do so. However, the excess spend will not be counted as CSR expenditure.
Reservation valid
The Centre’s reservation policy for scheduled castes, scheduled tribes, Other Backward Classes, and persons with disabilities would be applicable to the internships offered under the PM Internship scheme.
Under the PM Internship Scheme, government aims to skill 1 crore youth over five years. The scheme will offer interns a 12-month exposure to the real world of industry, business environments and diverse professions.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.