INSUBCONTINENT EXCLUSIVE:
The internship programme will commence on December 2
| Illustration: Ajay Mohanty3 min read Last Updated : Oct 03 2024 | 4:49 PM IST
The government on Thursday rolled out the internship
programme that will provide financial assistance of Rs 60,000 per annum to 1 crore youth over a period of five years.
In 2024-25, the
total cost of the pilot project will be around Rs 800 crore and will look to provide internship to 1.25 lakh candidates during this fiscal,
government sources said on Thursday.Click here to connect with us on WhatsApp
Announced in the Union Budget 2024, the Prime Minister's
Internship Scheme in Top Companies will also provide insurance coverage to the interns.
The scheme will be implemented through an online
for the scheme, the sources said.
The internship programme will commence on December 2.
Through the portal, the sources said, partner
companies can offer internship opportunities and the top companies for the pilot project have been identified on the basis of the average of
their CSR expenditure in the last three years.
Candidates seeking internship opportunities can register in the portal from the second week
of October.
The participation of companies in the scheme is voluntary and an internship will be offered for 12 months, with at least half
of the period to be spent in the actual job environment and not in the classroom.
Any other company/ bank/ financial institution can
participate in the scheme with the approval of the ministry, which will take into consideration factors like sectors and areas
under-represented by the top 500 companies.
The interns will be provided a financial assistance of Rs 5,000 per month and out of the total
amount, Rs 4,500 will be disbursed by the government and Rs 500 will be paid by the company from its CSR funds.
Also, a one time grant of
Rs 6,000 for incidentals will be disbursed by the ministry to each intern, upon joining the place of internship.
Expenses associated with
the training of interns under the scheme will be borne by the company from its CSR funds.
Insurance coverage will be provided to each
individual intern under insurance schemes of the Union government, PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana
The premium amount in this regard will be offered by the government.
As part of the eligibility criteria, sources said, candidates
enrolled in online/ distance learning programmes are eligible to apply.
Candidates who have passed High School, Higher Secondary School,
possess a certificate from an ITI, hold a diploma from a Polytechnic Institute, or are graduates with degrees such as BA, B.Sc, B.Com, BCA,
are eligible, sources said.
Partner Companies will have a dedicated dashboard on the portal where they can post internship opportunities,
detailing location, nature, required qualifications, and any facilities provided.
Eligible candidates may register on the Portal, where
their details will be used to generate a resume.
Candidates can browse internships based on their preferred sectors, roles, and locations
and apply for up to five opportunities.(Only the headline and picture of this report may have been reworked by the Business Standard staff;
the rest of the content is auto-generated from a syndicated feed.)First Published: Oct 03 2024 | 4:49 PMIST
