PM Internship Scheme

GS 2-Schemes

Objective

• Provide internship opportunities to address youth unemployment and equip young people with practical skills in a real-world environment.

Key Features

1. Internship Opportunities:
   • Aims to provide internships to 1 crore youth over the next five years.
2. Stipend:
   • Monthly stipend of ₹4,500 from the government.
   • Additional ₹500 from companies under Corporate Social Responsibility (CSR) initiatives.
3. One-Time Grant:
   • ₹6,000 provided upon enrollment.
4. Insurance Coverage:
   • Benefits under PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana.
5. Duration:
   • Internship lasts for one year.

Eligibility Criteria

1. Age:
   • Between 21 to 24 years.
2. Educational Qualifications:
   • Minimum qualification of Class 10th.
   • Graduates from premier institutions (IITs, IIMs) and professionally qualified individuals (e.g., CAs) are excluded.
3. Employment Status:
   • Must not be in full-time employment.
4. Income Restrictions:
   • Annual family income must not exceed ₹8 lakh.
   • Families with government employees are ineligible.

Benefits

1. Skill Development:
   • Provides practical skills and real-world experience to young individuals.
2. Financial Support:
   • Offers financial aid to young individuals in need, bridging the gap between education and employment.

Potential Impact

• Addresses youth unemployment by enhancing employability.
• Reduces financial dependency among young individuals.
• Aligns with government initiatives to promote skill development and economic inclusion.