PM Internship Scheme is an initiative focused on offering internship opportunities to youth in top 500 companies of the country. Under the scheme, youth will be have the opportunity to exposure to real-life business environments across sectors, helping them gain valuable skills and work experience. This scheme targets to offer one crore internships to youth over five years.
On its official website https://pminternship.mca.gov.in, the government notified, “The Portal is now open for Partner Companies. The portal will be open for youth registration and profile creation at 5 PM on 12 October 2024. Please stay connected for further updates.”
What is Internship ?
An internship is a temporary, structured work experience program offered by organizations to individuals, typically students or recent graduates, to gain practical experience in a specific field or industry. It provides an opportunity to apply theoretical knowledge gained in the classroom to real-world tasks, allowing interns to learn new skills, understand workplace culture, and explore potential career paths.
Key Characteristics of an Internship :
Duration: Internships can vary in length, typically ranging from a few weeks to several months. They can be full-time or part-time, depending on the organization’s requirements and the intern’s availability.
Educational Component: Internships are often designed to be educational, with structured learning objectives and goals. They may involve mentoring, training, or guidance from experienced professionals to help the intern develop relevant skills.
Fields and Industries: Internships are available across various fields, including business, engineering, healthcare, law, journalism, technology, education, and more. They cater to a wide range of career interests.
Paid vs. Unpaid: Some internships offer a stipend or salary, while others are unpaid but may provide other benefits, such as academic credit, networking opportunities, or professional certification.
Mentorship and Supervision: Interns often work under the supervision of experienced staff who guide them through tasks, provide feedback, and help them learn about the industry.
Benefits of an Internship :
Skill Development: Interns gain hands-on experience in their field of interest, developing technical and soft skills such as communication, problem-solving, teamwork, and time management.
Career Exploration: Internships provide an opportunity to explore different career paths and industries, helping individuals make informed decisions about their future careers.
Networking: Interns can build valuable professional connections and relationships, which can be beneficial for future job searches and career advancement.
Resume Building: Having internship experience on a resume can make a candidate more attractive to employers by demonstrating practical experience and a proactive approach to career development.
Potential Job Offers: In some cases, internships can lead to full-time job offers if the intern performs well and the company has hiring needs.
Eligibility Criteria for PM Internship Scheme:
• Applicants must be permanent residents of India.
• Age requirement: 21-24 years old.
• Candidates enrolled in online or distance learning programs may apply, but full-time employees or students are ineligible.
• Educational qualifications: Candidates should have a certificate from an Industrial Training Institute (ITI), a diploma from a Polytechnic Institute, or a bachelor’s degree (e.g., BA, B.Sc., B.Com., BCA, BBA, B.Pharma). They must also have completed their Secondary School Certificate (SSC) and Higher Secondary Certificate (HSC), or equivalent qualifications.
Ineligibility Criteria:
You are not eligible for the scheme if:
• You are under 21 or over 24 years of age at the time of application.
• You are a full-time employee or student.
• You have graduated from institutions like National Law Universities, IISER, NID, IIIT, or IIT.
• You hold advanced degrees (e.g., MBA, PhD) or professional certifications (e.g., CA, CMA, CS, MBBS, BDS).
• You are already participating in a government-funded skill development, apprenticeship, or training program.
• You have completed an apprenticeship under NAPS or NATS.
• Your family’s annual income exceeds ₹8 lakh in the fiscal year 2023-2024.
• You or your immediate family members are permanent or regular employees of the central, state, or local government, PSUs, or other government bodies.
Benefits of the PM Internship Scheme:
• Interns will receive a monthly stipend of ₹5,000 for up to 12 months.
• The government will provide a one-time grant of ₹6,000 for incidentals, which will be directly transferred to interns upon joining their internship location.
• The training costs for interns will be covered by the company’s CSR funds as per current rules.
• Up to 5% of CSR expenditure may be booked as administrative costs by the company, in line with CSR policy rules.
• Every intern will receive insurance coverage under the government’s insurance schemes.
How to apply PM Internship Scheme :
• Visit the official website of the PM Internship Scheme at pminternship.mca.gov.in.
• Click on the register link, and a new page will open.
• Fill in the registration details and click on submit.
• Based on the information provided by the candidates, a resume will be generated by the portal.
• Apply for up to 5 internship opportunities based on preferences- location, sector, functional role and qualifications.
• Once done, click on submit and download the confirmation page.
Conclusion:
The Prime Minister’s Internship Scheme is a significant step toward involving the youth and equipping them with the skills necessary for the workforce. By providing practical exposure to various aspects, the scheme helps bridge the gap between academic education and real-world requirements. It not only enhances the employability of young individuals but also allows them to contribute to the nation’s development in meaningful ways. Those aspiring to build a career, the PM Internship Scheme is a valuable opportunity to gain firsthand experience and make a positive impact to their life.