PM Internship Scheme 2024: Eligibility, Benefits, and How to Apply: Explore the PM Internship Scheme 2024 launched by the Ministry of Corporate Affairs. Applications open on 12th October 2024. No fees required, with an age limit of 21-24 years (relaxations apply). The internship lasts 12 months with a stipend of ₹5000/month, a one-time grant of ₹6000, and insurance coverage under government schemes.
This article dives deep into the PM Internship Scheme 2024, covering all the essential aspects like eligibility, benefits, and the application process. Let’s break it down step-by-step.
PM Internship Scheme 2024 Full Details
| Scheme Name | PM Internship Scheme 2024 (PMIS) |
|---|---|
| Launched By | Ministry of Corporate Affairs (MCA), India |
| Application Begin | 12/10/2024 |
| Last Date to Apply Online | As per schedule |
| Application Fee | Nil |
| Age Limit | Minimum: 21 Years Maximum: 24 Years |
| Age Relaxation | As per PM Internship Scheme 2024 rules |
| Duration of Internship | 12 Months (Real-Life Experience in India’s Top Companies) |
| Monthly Assistance | ₹5000/- |
| One-Time Grant | ₹6000/- |
| Insurance Coverage | Under PM Jeevan Jyoti Bima Scheme & Pradhan Mantri Suraksha Bima Yojana |
What is the PM Internship Scheme 2024?
The PM Internship Scheme 2024 is a government initiative aimed at creating more employment opportunities for young people in India. By offering internship placements across the country, the scheme provides youth with real-world work experience, enhancing their skills and improving their job prospects. The ultimate goal is to equip 1 crore youth with practical industry experience, thereby boosting employability and fostering economic growth.
Objectives of the PM Internship Scheme
The primary objectives of the PM Internship Scheme are:
- Providing corporate work experience to young graduates and diploma holders.
- Offering participants a monthly stipend to support their expenses during the internship.
- Enhancing employability by giving interns the opportunity to work with some of India’s top companies.
- Empowering youth to manage their finances independently, reducing their reliance on family or other financial sources.
- Supporting the government’s mission of skill development and youth employment.
Eligibility Requirements for the PM Internship Scheme 2024
To be eligible for the PM Internship Scheme 2024, candidates must meet the following requirements:
- Must be a citizen of India and a permanent resident.
- Should be aged between 21 to 24 years.
- Must have completed at least a Secondary School Certificate (SSC), Higher Secondary Certificate (HSC), or equivalent qualification. Alternatively, candidates can hold a diploma from an Industrial Training Institute (ITI) or a Polytechnic, or a graduation degree such as BA, B.Sc, B.Com, BCA, BBA, or B.Pharma.
- The candidate should not be employed in any full-time job.
Also Read: NSP Scholarship 2024-25 | Assam Orunodoi 3.0 Scheme 2024
Disqualification Criteria for Applicants
There are certain conditions that can disqualify applicants from applying for the PM Internship Scheme:
- Individuals currently employed in full-time jobs or enrolled in full-time academic programs are ineligible.
- Graduates from prestigious institutions like IITs, IIMs, National Law Universities, and IIITs are not eligible.
- Applicants holding professional qualifications such as CA, CMA, CS, MBBS, BDS, MBA, or PhD are disqualified.
- Candidates involved in government-run skill development or apprenticeship programs are not eligible.
- Anyone who has already completed an apprenticeship under the NATS or NAPS schemes is ineligible.
- Applicants with a family income exceeding ₹8 lakh in the financial year 2023-24 are disqualified.
- If the applicant has a permanent or regular government employee in the immediate family, such as a parent or spouse, they are disqualified, except for contractual employees.
Key Benefits of the Prime Minister Internship Scheme
The PM Internship Scheme offers a wide range of benefits to selected participants:
- Skill Development: Interns acquire practical industry skills, giving them a competitive edge in the job market.
- Boosts Employability: Gaining work experience in reputable companies significantly enhances career prospects.
- Financial Support: Participants receive a monthly stipend, which helps cover living expenses during the internship.
- Real-World Exposure: Interns work in real-world corporate environments, gaining insights into workplace dynamics and expectations.
- Networking Opportunities: Interns get the chance to interact with professionals in top organizations, which can lead to potential job offers post-internship.
- Inclusive Participation: The scheme encourages participation from diverse educational backgrounds, including ITI and diploma holders.
Financial Assistance and Monthly Stipend
Each selected intern will receive financial assistance of ₹6,000 as a one-time grant. Additionally, they will be provided with a monthly stipend of up to ₹5,000 to support their living and travel expenses during the internship.
Duration of the PM Internship Program
The internship under the PM Internship Scheme 2024 lasts for 12 months, allowing participants to gain a comprehensive understanding of the industry they are working in. This extensive duration ensures that interns can fully immerse themselves in the working environment and gain significant experience.
Insurance Coverage under the PMIS
All selected candidates will be covered under the PM Jeevan Jyoti Bima Scheme and the Pradhan Mantri Suraksha Bima Yojana, providing them with life and accidental insurance coverage during the internship period.
Internship Experience in Top Companies
The scheme facilitates internships in India’s top 500 companies, providing participants with invaluable experience. Interns will gain insights into different sectors and learn from the best in the industry.
Networking and Professional Growth
One of the most significant advantages of the PM Internship Scheme is the networking opportunity it provides. Interns can build professional connections that could lead to future employment opportunities and career advancement.
How to Apply for the PM Internship Scheme 2024
Here is a step-by-step guide to applying for the PM Internship Scheme 2024:
- Visit the Official Website: Navigate to the official PM Internship Scheme website.
- Register: Fill in your personal and educational details to create an account.
- Generate Your Resume: Based on your provided details, a resume will be automatically generated.
- Log in to Your Account: Use your username, mobile number, or CIN, along with your password, to log in.
- Explore Internship Opportunities: Browse through the available internships based on your preferences like sector, location, and role.
- Apply for Internships: Apply to up to five internships that match your qualifications and interests.
- Shortlisting and Selection: The system will shortlist candidates based on the set criteria.
- Final Selection: Companies will review the shortlisted candidates and make offers.
Important Apply Link for PM Internship Scheme
| PM Internship Scheme: Apply Online | Registration | Login |
| PM Internship Scheme (PMIS) Official Website | PMIS | PMIS |
| Telegram Join | Channel | Group |
| WhatsApp Join | Channel | Group |
| Latest Jobs | Click Here | Click Here |
Selection and Shortlisting Process
The selection process for the PM Internship Scheme is designed to be transparent and merit-based. Shortlisting is done based on criteria set by both the government and partner organizations. Once shortlisted, candidates are further evaluated by companies before final offers are made.
Collaborative Opportunities for Companies
The PM Internship Scheme also opens the door for companies to partner with the government and tap into a pool of young talent. These collaborations allow companies to shape and nurture future employees, creating a mutually beneficial relationship.
Why the PM Internship Scheme is Critical for Youth Employment
The PM Internship Scheme addresses two key challenges facing Indian youth today: lack of work experience and skill shortages. By providing practical training and real-world experience, the scheme helps bridge the gap between academic learning and professional requirements, boosting employability and reducing youth unemployment.
FAQs about the PM Internship Scheme 2024
- What is the stipend amount under the PM Internship Scheme?
Interns will receive a monthly stipend of ₹5,000 along with a one-time financial grant of ₹6,000. - Who can apply for the PM Internship Scheme 2024?
Any Indian citizen aged between 21 and 24 years, who is not employed full-time and meets the educational qualifications, can apply. - Are full-time students eligible for the PM Internship Scheme?
No, full-time students or those engaged in full-time academic programs are not eligible for this scheme. - How long is the internship duration under the PM Internship Scheme?
The duration of the internship is 12 months. - Can graduates from IITs or IIMs apply for this internship?
No, graduates from IITs, IIMs, and other prestigious institutions are not eligible for this scheme.
