Friday, 08 November 2024
Friday, 08 November 2024
The Prime Minister Internship Scheme was introduced in the Union Budget 2024-25 with the aim of creating internship opportunities for young Indians.
The scheme aims to bridge the gap between academic learning and real-world industry requirements by allowing students to experience a professional work environment firsthand.
The government has partnered with 500 companies, including prominent names like Reliance Industries, Tata Consultancy Services, HDFC Bank, ONGC, and JSW Steel, for the scheme.
How to apply for the scheme
“The application process was straightforward, but it required careful attention to detail,” said Maheshwari, a graduate from Sharda University, who uses only one name.
“One of the main challenges was ensuring that all documents were accurately completed and met the eligibility requirements. Throughout the application process, there was adequate support available, including detailed instructions on the official website and FAQs to guide applicants,” she said.
“Although I did not receive personalised guidance, the clear structure of the application portal and resources made the process easy to follow. Writing a strong personal statement that aligned my goals with the objectives of the scheme also took some time and introspection,” she added.
Objective of the scheme
The Prime Minister Internship Scheme will provide internships to 10 million youth over the next five years. In its initial phase, the scheme plans to create 125,000 internship opportunities within the 2024-25 financial year. The participating companies have been selected based on their average Corporate Social Responsibility (CSR) expenditure over the past three years.
“I expect the Prime Minister Internship Scheme to provide hands-on experience in my field and introduce me to mentors who can offer guidance and career advice,” Maheshwari said.
“I also hope to develop a practical understanding of policy-making processes and to build a professional network that could support my future career goals.”
Duration and structure
The internship duration under this scheme is 12 months, where students are supposed to spend at least half of this time in an actual work environment, gaining real-life business experience.
“I am particularly interested in policy analysis and development, and I found that the scheme offers internships in various departments where I could apply my academic background and develop new skills relevant to my field,” said Maheshwari.
Eligibility criteria
1. Age: Candidates aged between 21 and 24 years at the time of application.
2. Nationality: Must be an Indian citizen and not currently in full-time education or employment.
3. Educational Qualification: Candidates must have at least completed high school or possess a diploma, ITI certificate, or a bachelor’s degree in fields like BA, BSc, BCom, BCA, BBA, or BPharm.
Financial support and stipend
Interns will receive a monthly stipend of Rs 5,000. Out of this amount, companies will contribute Rs 500 based on attendance and performance while the government will deposit the remaining Rs 4,500 directly into the intern’s bank account.
Additionally, interns will receive a one-time allowance of Rs 6,000 upon joining, to cover incidental expenses.
