Prime Minister Internship Scheme 1 Crore Youth 2024: Overview, Benefits, and Application Process

The Government of India has introduced the Prime Minister Internship Scheme 1 Crore Youth 2024, announced by Finance Minister Nirmala Sitharaman during the Union Budget presentation. This scheme aims to provide internships and financial support to students who have completed their education, helping them gain valuable industry experience and become self-sufficient.

Key Highlights of the Internship Scheme

• Official Launch Date: October 3, 2024
• Objective: Provide 1 crore youth with internships in top companies, enhancing employability and practical skills.
• Program Duration: One year
• Target Group: Young individuals aged 21–24 without full-time employment or government family connections.

Eligibility Criteria

• Applicants must be Indian residents between 21–24 years old.
• Candidates must have completed SSC, HSC, ITI certificates, diplomas, or undergraduate degrees (e.g., BA, B.Sc, B.Com, BCA).
• Ineligible Candidates: Graduates from IITs, IIMs, or prestigious institutes; holders of professional or master’s degrees (e.g., MBA, MBBS, CA); and individuals from families with government employees or income above ₹8 lakh.

Benefits of the Scheme

• Monthly Stipend: ₹4,500 from the government plus ₹500 from companies under CSR initiatives.
• One-Time Financial Assistance: ₹6,000 for selected participants.
• Exposure to Top 500 Companies: Interns gain hands-on experience and industry-relevant skills.
• Career Prospects: Strengthens candidates’ professional networks and increases employment opportunities.
• Skill Development: The scheme bridges skill gaps by providing practical training and industry exposure.

Application Process and Schedule

• Company Registration: October 3–11, 2024 – Companies post internship openings.
• Candidate Application: Starts from October 12, 2024, through the official portal: https://pminternship.mca.gov.in/login
• Program Duration: One year with continuous financial support to ease daily expenses.

The Prime Minister Internship Scheme 1 Crore Youth 2024 addresses youth unemployment by offering essential work experience to 10 million participants over five years. This initiative empowers young individuals to build skills, increase employability, and pursue a sustainable career path in India’s top companies.

Interested applicants can visit the official portal to register and apply from October 12, 2024.

✍️
Vivekananda M
IT Professional, Mentor & Career Coach
CareerBridge Community
LinkedIn: https://www.linkedin.com/in/vivekananda-m-7349638