Source: DD News
Context: The government launched the pilot phase of the ambitious Prime Minister’s Internship Scheme, which aims to provide 1.25 lakh internship opportunities during the fiscal year 2024-25.
About PM Internship Scheme:
- Origin:
- Announced in Budget 2024-25 as part of the Prime Minister’s Package for Employment and Skilling.
- Aim:
- To provide 1 crore youth with hands-on work experience in top 500 companies over five years, enhancing employability and skill development.
- Budget:
- ₹2 lakh crore overall, with ₹2,000 crore allocated for the fiscal year 2024-25.
- Criteria:
- Youth aged 21-24 who are not in full-time employment or education.
- Must hold qualifications like high school diplomas, ITI certificates, or graduate degrees (e.g., B.A., B.Sc., B.Com).
- Excludes candidates from IITs, IIMs, and those holding advanced degrees (e.g., MBA, CA).
- Features:
- 12-month internships with a stipend of ₹5,000 (₹4,500 from the government, ₹500 from companies).
- Interns are insured under government schemes like PM Jeevan Jyoti Bima Yojana.
- A one-time ₹6,000 grant for incidentals.
- Multilingual helpline and grievance redressal system.
- Significance:
- Enhances practical experience for youth, improving employability.
- Focuses on skill development in real-world job environments across sectors like pharma, auto, and agriculture.
- Supports the government’s vision of self-reliance (Atmanirbhar Bharat) by developing skilled manpower.
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