PM Internship Scheme Opens to Final-Year Students
Why in the news
The corporate affairs ministry has broadened the internship scheme so students can gain industry exposure before graduating.
Key facts
- Nodal ministry: Ministry of Corporate Affairs.
- Pilot start: October 2024, after Union Budget 2024-25.
- Employers: top 500 companies, chosen by CSR spend and turnover.
- Age: 18 to 25 years; duration: 12 months.
- Cover: PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana.
| Stipend part | Amount per month | Paid by |
|---|---|---|
| Government share | ₹5,000 | Government, usually by DBT to the Aadhaar-linked account |
| Company share | ₹500 | Company, from CSR funds |
| Total | At least ₹5,500 | Some pilot roles up to ₹9,000 |
About the scheme
- Phygital: mixes a digital application portal with physical on-site work.
- Aim: close the employability gap by giving youth professional exposure and hands-on skills.
- Final-year students need an NOC from their college so the internship fits their studies without breaching attendance rules.
Exam angle
- Nodal ministry: MCA.
- Numbers: 500 companies, 12 months, age 18 to 25.
- Stipend split: ₹5,000 plus ₹500.