PM internship scheme

02.01.2025

PM internship scheme

Why in the news?   

The Union Corporate Affairs Ministry said in a release that the pilot scheme of the Prime Minister’s Internship Scheme received approximately 6.21 lakh applications against 1.27 lakh opportunities.

About PM internship scheme:

• It is a remarkable initiative launched by the Indian government, designed to provide valuable internship opportunities for the youth of India.
• It aims to bridge the gap between academic learning and real-world experience by offering internships across the top 500 companies.
• The pilot phase targets 1.25 lakh youth, with a five-year goal to facilitate internships for one crore young individuals.
• Through this Scheme, youth will gain exposure to real-life business environments, across varied professions and employment opportunities.
• Under this scheme, interns will be provided monthly financial assistance of Rs 5,000 for 12 months and a one-time grant of Rs 6,000.

Who is eligible for the scheme?

• Candidates aged between 21 and 24 years and who are not engaged in full-time employment.
• Internships are available to those who have passed class 10 or higher.
• Individuals from families with government jobs are excluded.
• It is not open to post-graduates.
• A candidate who graduated from premier institutes such as IIT, IIM, or IISER, and those who have CA, or CMA qualification would not be eligible to apply for this internship.
• Anyone from a household that includes a person who earned an income of Rs.8 lakh or more in 2023-24, will not be eligible.

                                                                         Source: The Hindu

Which of the following are eligible for the Prime Minister’s Internship Scheme?

1. Candidates aged between 21 and 24 years and not engaged in full-time employment

2. Individuals who have completed at least class 10 or higher

3. Post-graduates

Select the correct answer using the code given below:

A.1 and 2 only

B.2 and 3 only

C.1 and 3 only

D.1, 2 and 3

Answer A