The Prime Minister’s Internship Scheme is a government of India initiative that offers internships to youth in top 500 firms in India. The PM Internship Scheme offers a chance to learn and improve skills while working with top firms in India. Internships provide valuable knowledge, practical experience, and professional networks, but do not guarantee employment.
What is the last date to enroll for PM Internship scheme
The application window has been extended until November 15, 2024, according to the PM Internship website.
PM Internship offers
A one-time grant of Rs 6000 for incidentals and insurance coverage through the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, respectively.
What kind of internships options will be available?
Eligible candidates will get internships in different roles across sectors including IT and Software Development, Banking and Financial Services, Oil, Gas & Energy, Metals & Mining, FMCG (Fast-Moving Consumer Goods), Telecom, Infrastructure & Construction, Retail & Consumer Durables, Cement & Building Materials, Automotive, Pharmaceutical, Aviation & Defence, Manufacturing & Industrial, Chemical, Media, Entertainment & Education, Agriculture and Allied, Consulting Services, Textile Manufacturing, Gems and Jewellery, Travel & Hospitality and Healthcare.
Will they get financial assistance for doing my internship?
- After joining the internship, each intern will receive a monthly assistance of Rs 5,000 for the entire duration of the 12-month internship. Of this amount:
- Partner companies will release Rs 500 each month based on the intern’s attendance and related company policies regarding good conduct, etc.
- Once the Company makes the payment, the Government will pay Rs 4,500 to the candidate through the Direct Benefit Transfer to the intern’s Aadhaar seeded bank account.
- Additionally, a one-time grant of Rs 6,000 will be provided by the Government of India to each intern after joining the internship. This amount will be disbursed through Direct Benefit Transfer (DBT) after joining the internship.
- Insurance coverage shall be provided to each individual intern under insurance schemes of the Government of India, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, for which premium amount shall be provided by Government of India. In addition, the company may also provide additional accidental insurance coverage to the interns.
Will the insurance cover continue after the internship?
No, upon the completion of your internship the benefits of the insurance will lapse.
Will I get any financial assistance to purchase clothes for my internship?
No specific financial assistance shall be provided for the purchase of clothes. However, after you join your internship, a onetime grant of Rs 6000 will be transferred to your Aadhaar seeded bank account by the Government of India as financial assistance.
Who can apply?
To apply for the PM Internship Scheme, you must meet the following criteria:
• You must be an Indian citizen.
You must be aged between 21-24 years (as on the last date for submission of the application).
You must not be employed full-time or engaged in full-time education (candidates enrolled in online or distance learning programmes are eligible).
You must have completed your Secondary School Certificate (SSC) or its equivalent, Higher Secondary Certificate (HSC) or its equivalent, or hold a certificate from an Industrial Training Institute (ITI), a diploma from a Polytechnic Institute, or a graduation degree such as BA, B.Sc, B.Com, BCA, BBA, B.Pharma, etc.
