INSUBCONTINENT EXCLUSIVE:
Scheduled Tribes, Other Backward Caste, and persons with disabilities will apply to the internship positions offered under the Prime
Minister Internship Scheme, launched on a pilot basis on Thursday, high-level sources in the Ministry of Corporate Affairs (MCA) said
ensure that the reservation rules are followed in the overall implementation of the scheme
managed by Bhaskaracharya Institute for Space Applications and Geoinformatics (BISAG), a national agency under the Government of
Gujarat.
The top 500 companies, based on their average Corporate Social Responsibility (CSR) spend over the last three years, will
participate in the scheme
These companies can also tie up with entities in their forward and backward value chains, such as suppliers, customers, and vendors, and
participate in the scheme voluntarily
interns they can place via the internship portal
The Ministry of Corporate Affairs will open the portal for candidates to apply between October 12 and October 25.
Several shortlists will
be prepared using Artificial Intelligence and shared with the companies, which will make their selections between October 27 and November
7.
Candidates will have a week from November 8 to 15 to accept or reject the internship offer
Candidates may receive two additional offers if they reject the first one.
The actual internships will start on December 2
So far, MCA has onboarded 111 companies from sectors such as agriculture and allied industries, automotive, and pharma, and has familiarised
them with the details of the programme
Companies including Alembic Pharma, Mahindra & Mahindra, and Max Life Insurance have enrolled in the scheme.
A call centre in several
regional languages has also been launched by the ministry to provide youth with information about the scheme
So far, 44 per cent of those who called the centre were graduates, 13 per cent were postgraduates, 11 per cent had passed the 12th grade, 3
per cent were 12th pass with a diploma, 3 per cent were 10th pass, and 1 per cent were class 8 pass
The rest were in the miscellaneous category.
The eligibility criteria for internship candidates require them to have passed high school,
higher secondary school, hold a certificate from an Industrial Training Institute, have a diploma from a polytechnic institute, or hold a
The candidates must also be Indian nationals who are not fully employed or engaged in full-time education
Those enrolled in online or distance learning programmes are eligible to apply.
Candidates can browse internships based on their preferred
sectors, roles, and locations, and apply for up to five opportunities.
The MCA will provide a direct benefit transfer of Rs 6,000 to the
intern upon joining and cover them under the PM Jeevan Jyoti Bima and PM Suraksha Yojana
Financial assistance of Rs 5,000 per month will also be provided to the intern, with Rs 4,500 disbursed by the government and Rs 500 paid by
the company from its CSR funds.
Companies may provide assistance over and above Rs 500 if they wish to do so from their own funds.
The
July 23.
The shortlisting process will include weeding out ineligible applicants such as chartered accountants, certified management
accountants, and those with degrees from the Indian Institute of Technology (IIT) or Indian Institute of Management (IIM)
Applicants whose family income exceeds Rs 8 lakh for FY 2023-24 or who have a family member working as a government employee will also be
The youth will gain 12 months of exposure to real-life business environments, varied professions, and employment opportunities.First
Published: Oct 03 2024 | 6:24 PMIST
