The internships are available in over 20 fields, including operations management, production & manufacturing, maintenance, sales & marketing spread, across 737 districts across the country.

The scheme would target providing 125,000 internship opportunities to youth aged 21 to 24 in FY 2024-25 with a budget of Rs 800 crore. 

Government aims to skill one crore youth in India’s top companies in five years through the internship scheme.  The youth will gain exposure for 12 months to real-life business environment, varied professions and employment opportunities. 

The eligibility criteria for internship candidates requires them to have passed High School, Higher Secondary School, possess a certificate from an Industrial Training Institute, hold a diploma from a Polytechnic Institute or have a graduate degree. The persons should also be Indian nationals, who are not fully employed and engaged in full-time education. Those enrolled in online or distance learning programmes are eligible to apply. 

Candidates would be able to browse internships based on their preferred sectors, roles, locations and apply up to five opportunities.

The MCA would provide direct benefit transfer of Rs 6,000 to the intern on joining and a cover under the PM Jeevan Jyoti Bima and PM Surakha Yojana. A financial assistance of Rs 5,000 per month would also be provided to the intern of which Rs 4,500 would be disbursed by the government and Rs 500 would be paid by the company from its CSR funds. 

First Published: Oct 12 2024 | 12:42 AM IST