The Central Government has launched the Prime Minister’s Internship Scheme. The main objective of this scheme is to prepare the youth for employment and provide them with practical experience. Let us know about this new plan in detail.
The PM Internship Scheme is an initiative that will give an opportunity to the youth to work in the top 500 companies in the country. Under this scheme, the selected youth will get financial assistance of Rs 5,000 every month. This will not only be a source of income for them but will also provide them valuable exposure to advance in their career.
This scheme has many attractive features, which make it extremely beneficial for the youth. At first, the youth will be given a lump sum of Rs 6,000 upon starting the internship. This amount will help them meet their initial expenses. Apart from this, regular assistance of Rs 5,000 per month will continue to be received throughout the year. This program of internships for youth will run for 12 months. During this time, the youth will not only get work experience, but they will also get a chance to learn from the experts in their field. This is a golden opportunity for their personal and professional growth.
Eligibility and application process
There are certain rules for participating in this scheme. The age of the applicant should be between 21 and 24 years. The annual family income of the applicant should not exceed Rs 8 lakh. This ensures that the benefits of the scheme actually reach the needy and talented youth. The application process is completely online. Interested youth can register themselves on www.pminternship.mca.gov.in from October 12. This process is simple and user-friendly, allowing everyone to apply easily.
The government has set a target of providing 1.25 lakh internship opportunities in this financial year. The project is estimated to cost around Rs 800 crore. In the long run, the government aims to provide internship opportunities to 1 crore youth over five years. Many big companies are showing interest in this scheme. For example, companies like EaseMyTrip are planning to hire more than 500 interns in the next few months. This shows that the private sector is also supporting this initiative.
Additional benefits and safety
The safety of the youth during the internship has also been taken care of. The selected youth will be provided insurance coverage under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana. The premium will be borne by the government. Some companies may also provide additional accident insurance. This scheme will not only help the youth financially but will also prepare them for employment. This will boost their confidence and make them better prepared for the future. This initiative has brought new hope to the youth of India and will play an important role in the development of the country.
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