The Prime Minister Internship Scheme 1 Crore Youth 2024 is a new initiative announced by the Fianance Minister, Mrs. Nirmala Sitharaman, of India while representing the education budget. The scheme is launched with aim to help the youth of the country. The authorities are providing internships to the students who have completed their studies. In addition, the authorities are proving financial assistance to all the nominated applicants under the scheme which includes mounthly financial aid and a one-time financial assistance that will be directly transferred into the beneficiary’s bank account. There is more to this scheme, keep reading this post to know more.
Internship Scheme for 1 Crore Youth Announced
The Prime Minister Internship Scheme is designed to provide employment opportunities to India’s unemployed youth by offering them internship. This initiative aims to equip young people with essential skills and practical experience that will make it easier for them to secure jobs in the future. According to the announcement by the finance minister, the scheme will be benefiting 1 Crore youth across the country. Eligible candidate must visit the official website to complete the online application process. Those who meet the eligibility criteria will gain access to various internships that can help bridge the gap between academic learning and professional work experience.
Objective of the Youth Internship Scheme
The Youth Internship Scheme aims to help young people in India to gain corporate experience, providing them with practical knowledge to improve their job prospects. Selected applicants under the scheme will receive a monthly stipend of up to INR 5,000 and non-time financial assistance of INR 6,000. In addition, participants will have the opportunities to inter at some of the top 500 companies in India. This scheme is designed to reduce dependency by offering financial support and improve employability, empowering youth to cover their day to day expenses independently.
Helpful Summary of Prime Minister Internship Scheme
| Yojana Name | Prime Minister Internship Scheme |
| Start By | Government of India |
| Objective | Provide internship |
| Beneficiaries | Youth of India |
| Official Website | —– |
Financial Assistance and Monthly Stipend
- The authorities are providing INR 6000 to the eligible applicants through the Prime Minister Internship Scheme 1 Crore Youth 2024.
- Under the Prime Minister Internship Scheme 1 Crore Youth 2024 will be providing a monthly stipend of up INR 5000 to the nominated applicants.
Eligibility Criteria
- Only the permanent residents of India can apply for the scheme.
- Interest young applicants are eligible.
- The applicant must be unemployed.
Required Documents
- Aadhar card
- Email ID
- Phone number
- Address proof
- PAN card
- Ration card
No. of Company Assigned
The government of India has assigned a total of 500 companies for the implementation of Prime Minister Internship Scheme 1 Crore Youth 2024.
Date of Announcement
The authorities made the announcement for the scheme on 23 July 2024 while representing the union budget for 2024-25.
Prime Minister Internship Scheme Application Process 2024
STEP 1: Firstly, head over to the official website of the Prime Minister Internship Scheme 2024 in order to apply online.
STEP 2: On the home page of the official website, look for an option as Apply Here and once found, click on it.
STEP 3: You will be seeing a new page on your screen now, here enter all the information that are being asked and attach all the important document on the application form.
STEP 4: Lastly, review all the entered details and click the Submit option.
FAQs
How many companies participate in this scheme?
Inters can get placements in some of the top 500 companies across India.
What financial support is provided under the scheme?
Selected applicants will receive a monthly stipend of INR 5000 and a one-time financial assistance of INR 6000.
Who can apply for the Youth Internship Scheme?
Unemployed youth of India who meet the eligibility criteria can apply for the Youth Internship Scheme online.