The Union Budget 2025 has brought exciting news for young professionals and students across India with the announcement of the Prime Minister's Internship Scheme (PMIS). This initiative aims to provide valuable work experience to one crore youth over the next five years. Let's dive into the details of this promising scheme.
What is the PM Internship Scheme?
The PM Internship Scheme is a government initiative designed to bridge the gap between education and employment. It offers internships to young individuals in the top 500 companies in India, providing them with hands-on experience and enhancing their employability. The scheme targets individuals aged 21 to 24 years who are neither in full-time employment nor enrolled in full-time education.
Key Features of the Scheme
Monthly Stipend: Interns receive a monthly stipend of ₹5,000, with ₹500 contributed by partner companies and the remaining ₹4,500 provided by the government through Direct Benefit Transfer (DBT).
Joining Allowance: A one-time joining allowance of ₹6,000 is provided to each intern.
Duration: The internship lasts for 12 months, offering interns ample time to gain practical experience and develop their skills.
Insurance Coverage: Interns are covered under government insurance schemes like the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, with premiums fully paid by the government.
Eligibility: Candidates must be Indian nationals aged 21 to 24 years, with a family income not exceeding ₹8 lakh per annum. Graduates from premier institutions like IITs, IIMs, and National Law Universities are currently ineligible.
Benefits of Participating in the Scheme
Practical Experience: Interns gain hands-on experience working with top companies across various sectors, such as oil, energy, travel, automotive, and banking.
Skill Development: The program focuses on enhancing skills crucial for career advancement, including research, writing, communication, and presentation skills.
Financial Support: The monthly stipend provides interns with much-needed financial relief, allowing them to concentrate on gaining professional skills and experiences without monetary stress.
Networking Opportunities: Interns have the chance to establish significant connections within their industry, opening doors to potential job prospects in the future.
Official Website for PM Internship Scheme 2025
For more information and to apply for the Prime Minister's Internship Scheme 2025, you can visit the official website: https://pminternship.mca.gov.in/login

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