The government is set to run the pilot project of PM Internship Scheme from Oct 3. and activate the portal for companies for posting vacancies. Eligible candidates can apply from Oct. 13 under the said scheme, said people in the government familiar with the development.
“Lots of companies is willing to participate in the government-sponsored voluntary scheme. We expect manufacturing companies would be the first ones to invite applicants," they said.
Ministry of Corporate Affairs, which is nodal ministry for the scheme, is finalizing guidelines for the scheme and will put out the eligibility criteria for interns. The rules may limit participation to Economically Weaker Sections of the society, with combined annual income below Rs 10 lakh, another person said.
The Internship Portal, to be activated by MCA, will act as a one-stop website for companies and candidates alike.
Candidates in online courses and vocational training could be eligible for the program, they said.
The internship scheme announced in the July Union Budget of 2024 is part of the government’s initiative to encourage and align skill development with corporate demands,
Top corporates such as Adani Group, Mahindra, RIL have expressed interest in participating in the scheme, people cited above said.
Companies will be able to use their Corporate Social Responsibility resources to pay for interns' training expenses under the program.
Each intern's stipend will be divided, with Rs 4,500 coming from government funding and Rs 500 from business CSR funds, giving candidates a total of Rs 5,000 each month. Every intern will also get a one-time payment of Rs 6,000 from the government.
While applying for the position, applicants must complete a brief questionnaire describing their qualifications and interests.
After matching these talents with open positions at partner companies, the portal will automatically create resumes for the applicants.
Finance Minister Nirmala Sitharaman in her 2024 Budget presentation, underlined, “This internship initiative will equip our young workforce with practical skills, aligning them with the needs of industry and helping bridge the gap between education and employment.”
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