The PM Internship Yojana 2024 is a new initiative announced by the Finance Minister Nirmala Sitharaman in the budget of 2024-25. The scheme aims to provide internship opportunities to 1 crore youths in India. It focuses on creating employment opportunities and developing skills among the young population.
PM Yuva Internship Yojana 2024
The PM Internship Yojana 2024 aims to place 1 crore young people in internships at the top 500 companies in the country. These internships are designed to give practical work experience and skill development. Participants will receive a monthly stipend of INR 5000, and an additional one-time grant of INR 6000 upon completion of the internship.
Goals of the Scheme
The primary objective of the PM Internship Yojana 2024 is to reduce unemployment and enhance employability among the youth. By providing internships in top companies, the scheme aims to offer real-world work experience, improve skill sets, and increase job readiness among young individuals. This initiative is part of the government’s broader effort to create more job opportunities and support skill development.
Funding and Implementation
The scheme will be funded with a budget allocation of INR 2 lakh crore over the next five years. This substantial investment underscores the government’s commitment to youth development and employment. Companies participating in the scheme will contribute 10% of the training costs from their Corporate Social Responsibility (CSR) funds, ensuring a collaborative effort between the public and private sectors.
Stipend and Assistance
Interns will receive a monthly stipend of ₹5000 for 12 months. Additionally, after completing the internship, they will receive a one-time assistance of ₹6000. This financial support will help cover basic expenses during the internship period.
PM Yuva Internship Yojana 2024 Eligibility Criteria
To be eligible for the PM Internship Yojana 2024, applicants must meet the following criteria:
- Must be an Indian citizen.
- Age should be between 21 and 24 years.
- Not be currently employed or in full-time education.
- Should be able to dedicate a minimum of half-time to the internship.
PM Yuva Internship Yojana Required Documents
Applicants need to provide the following documents:
- Aadhar Card
- Residence Proof
- Age Proof
- Caste Certificate
- Ration Card
- Educational Qualification Certificates
- Mobile Number
- Bank Passbook
- Email ID
PM Yuva Internship Yojana benefits
The PM Internship Yojana 2024 offers several benefits:
- Provides practical work experience in top companies.
- Offers a monthly stipend to support interns financially.
- Enhances skill development and employability of youth.
- Helps reduce unemployment in the country.
PM Internship Yojana Selection Process
Here’s a simpler version:
The selection process will be based on merit. Candidates will be chosen according to their educational qualifications and other criteria. Those who are selected will be informed through the official portal.
How To Apply PM Yuva Internship Yojana
Interested candidates can apply for the PM Internship Yojana 2024 by following these steps:
- Visit the official website of the PM Internship Yojana.
- Click on the “Apply Online” link.
- Complete the application form by providing detailed information about your education, skills, and experience.
- Upload necessary documents such as educational certificates, identification proof, and a passport-sized photograph.
- Review and submit the application form online.