The Prime Minister Internship Scheme (PMIS) 2024 is an exciting initiative launched to bridge the skill gap and improve employability among young Indian graduates. Announced in the Union Budget 2024-25, the scheme offers 12-month internships in India’s top 500 companies. With a focus on providing real-world experience, this scheme is designed to help fresh graduates develop the skills employers seek, giving them a better chance at securing jobs.
This blog post provides a comprehensive overview of the PM Internship Scheme, covering its key features, eligibility criteria, benefits, and how to apply. If you’re looking for an opportunity to work with some of India’s best companies, this is your chance.
What is the PM Internship Scheme 2024?
The PM Internship Scheme 2024 aims to help young graduates gain practical work experience by offering paid internships in a wide range of sectors, including oil and gas, IT, hospitality, automotive, and banking. This initiative, introduced by the Ministry of Corporate Affairs (MCA), seeks to place interns in top companies where they can develop skills that will help them in their careers.
For the first year, a pilot project will provide 1.25 lakh internship opportunities to eligible candidates. Over the next five years, the scheme aims to benefit 1 crore youth. The program also offers financial support in the form of a monthly stipend and a grant for covering incidental expenses like transportation and accommodation.
PM Internship Scheme 2024: Key Features
The PM Internship Scheme stands out because of its various features designed to help both interns and companies:
- Hands-on Experience: Interns will gain real-world experience in professional settings, allowing them to apply what they’ve learned in school to practical situations.
- Diverse Sectors: The scheme covers a wide range of sectors, including IT, oil and gas, hospitality, automotive, and banking.
- Top Companies: Participants will get the opportunity to work with India’s leading companies, including names like Reliance, Larsen & Toubro, and Tech Mahindra.
- Financial Support: Interns will receive a monthly stipend of ₹4500 from the government and an additional ₹500 from the company to support their living expenses.
- Skill Development: Interns will develop important skills that will make them more competitive in the job market.
Benefits of PM Internship Scheme
- Financial Assistance:
- Interns will receive ₹4500 from the government and ₹500 from the company, which totals ₹5000 per month. This helps cover daily expenses like food and transportation.
- Interns may also be eligible for a grant that covers incidental expenses such as accommodation and travel.
- Professional Growth:
- Interns will work on projects related to their field of study, gaining relevant experience that will help them in their future job searches.
- The 12-month internship period allows participants to build strong professional relationships with industry leaders.
- Mentorship:
- Companies participating in the scheme are required to provide mentors to guide interns, ensuring they make the most of their internship experience.
- Exposure to Leading Companies:
- Interns will have the chance to work with some of the biggest names in the industry, including Reliance, Mahindra & Mahindra, Maruti Suzuki, and others.
- Certification:
- Upon successful completion of the internship, participants will receive a certificate, which will be valuable when applying for jobs.
PM Internship Scheme 2024: Eligibility Criteria
To apply for the PM Internship Scheme, you must meet the following eligibility criteria:
- Age Limit:
- Candidates must be between 21 to 24 years of age as of December 1, 2024.
- Educational Qualification:
- Candidates must have completed at least one of the following:
- High School (10th)
- Higher Secondary (12th)
- ITI Certificate
- Polytechnic Diploma
- Bachelor’s Degree (such as BA, BSc, B Com, BCA, BBA, B Pharma, etc.)
- Candidates must have completed at least one of the following:
- Employment Status:
- Candidates must not be currently employed in any government or private organization.
- Candidates must not have participated in any other government-sponsored internship program.
How to Apply for PM Internship Scheme 2024
The application process for the PM Internship Scheme is entirely online. Follow these steps to apply:
- Visit the Official Website:
- Go to the official PM Internship Scheme portal: https://pminternship.mca.gov.in/login/.
- Registration:
- Create an account by registering on the portal using your basic details such as name, email, and mobile number.
- Create a Profile:
- Complete your profile by filling in your educational qualifications, skills, and interests.
- Browse Internships:
- Search for internships that align with your qualifications and interests. You can filter opportunities by sector or company.
- Apply for Internships:
- Once you find a suitable internship, click on the Apply button and submit your application.
- Selection Process:
- Shortlisted candidates will be contacted by the respective companies. The selection process may include interviews or online assessments.
- Acceptance:
- Once selected, you will receive an offer letter from the company, after which your internship can begin.
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Companies Participating in PM Internship Scheme 2024
Some of the top companies that are expected to participate in the PM Internship Scheme include:
- Reliance Industries Limited
- Maruti Suzuki India Limited
- Larsen & Toubro Limited
- Tech Mahindra Limited
- Mahindra & Mahindra Limited
- Eicher Motors Limited
- Bajaj Finance Limited
- Muthood Finance Limited
These companies, and many more, are excited to offer young graduates the opportunity to gain hands-on experience in real-world work environments.
Selection Process for PM Internship Scheme
The selection process for the PM Internship Scheme involves multiple stages:
- Initial Screening:
- The PM Internship portal will screen applications based on the eligibility criteria.
- Company Evaluation:
- Shortlisted candidates’ profiles will be forwarded to the companies. The companies may then conduct interviews or assessments to evaluate the candidates.
- Final Selection:
- Selected candidates will be notified and offered internships. The internship period will last 12 months.
FAQs about PM Internship Scheme 2024
Q1: What is the PM Internship Scheme?
A1: The PM Internship Scheme is a government program designed to help young graduates gain practical experience by offering 12-month internships in India’s top companies.
Q2: Who is eligible to apply?
A2: Indian citizens aged 21-24 with a graduation degree or equivalent qualification can apply. Candidates should not be currently employed or enrolled in another government-sponsored internship.
Q3: How much is the stipend?
A3: Interns receive a monthly stipend of ₹4500 from the government and ₹500 from the company, totaling ₹5000 per month.
Q4: How can I apply for the PM Internship Scheme?
A4: You can apply by registering on the PM Internship Scheme portal and browsing the available internships. The application process is online and free of cost.
Q5: What sectors are covered under the scheme?
A5: Internships are available in various sectors, including oil and gas, IT, automotive, banking, and hospitality.
Q6: Is there an application fee?
A6: No, there is no application fee for the PM Internship Scheme.
Q7: What happens after I apply?
A7: If you are shortlisted, the company will contact you for further evaluation, which may include an interview or assessment.
Q8: How long is the internship?
A8: The internship lasts for 12 months.
Conclusion
The PM Internship Scheme 2024 is a fantastic opportunity for young graduates to gain real-world work experience in India’s top companies. With a monthly stipend, hands-on training, and exposure to different sectors, the scheme equips participants with valuable skills that enhance their employability. Whether you’re interested in IT, hospitality, automotive, or any other sector, this internship will help you build a strong foundation for your career.