INSUBCONTINENT EXCLUSIVE:
Scheduled Tribes, Other Backward Classes, and people with disabilities would be applicable to the internships offered under the Prime
Minister Internship Scheme, top sources in the Ministry of Corporate Affairs (MCA) said.
The government on Thursday rolled out the scheme
on a pilot basis with a Budget of Rs 800 crore, aiming to provide 125,000 internships to youth aged between 21 and 24 in FY25.Click here to
July 23, Finance Minister Nirmala Sitharaman announced the scheme as part of the government job-push agenda
The government aims to skill 10 million youth over five years through this scheme, offering a 12-month exposure to real-world business
environments and diverse professions.
The pilot project would be funded with the available resources of MCA
managed by Bhaskaracharya Institute for Space Applications and Geoinformatics (BISAG), a national agency by the Gujarat
These companies can also tie up with entities in its forward and backward value chain, such as suppliers, customers, and vendors
They can take up this scheme on a voluntary basis
Other companies can participate, too, with the approval of MCA.
For the next week ending October 10, companies would be able to submit
information about the number of interns they can place in their companies on the internship portal
Applications will open from October 12 to October 25.
Following this, several shortlists will be prepared using Artificial Intelligence,
which will be shared with the companies that will make their selection between October 27 and November 7.
Candidates would then have
another week, November 8 to 15, to accept or reject offers of internship
Such candidates may get another two offers if they reject
The actual internship would start from December 2.
So far, the MCA has got on board 111 companies from sectors such as agriculture and
allied industries, automotive, pharma, and familiarised them with the nitty-gritty of the programme
Companies, such as Alembic Pharma, Mahindra & Mahindra, and Max Life Insurance, have enrolled for the scheme.
A multilingual call centre
has been launched to assist candidates
So far, 44 per cent of those who called the centre were graduates, 13 per cent postgraduates, 11 per cent were 12th pass, 3 per cent 12th
pass with diploma, 3 per cent were 10th pass, and 1 per cent Class 8 pass
Rest were in the miscellaneous category.
Eligible candidates must be Indian nationals, unemployed, and not in full-time education, though
those in online or distance programmes can apply
They must have completed High School, Higher Secondary School, hold a Polytechnic diploma, or have a graduate degree.
Candidates would be
able to browse internships based on their preferred sectors, roles, locations and apply up to five opportunities.
The MCA will provide Rs
6,000 upon joining to interns, who will be covered under PM Jeevan Jyoti Bima and PM Suraksha Yojana
Companies can provide assistance over and above Rs 500 if they wish to do so from its own funds.
The scheme excludes certain applicants,
including chartered accountants, graduates from Indian Institute of Technology and Indian Institute of Management, and those with family
income exceeding Rs 8 lakh for FY24 or government employees.Internship scheme calendar
- Oct 3 - 10: Companies submit available
positions on the internship portal
- Oct 12 - 25: Candidates apply on the portal (First lot of applications)
- Oct 26: AI-generated
shortlist prepared
- Oct 27 - Nov 7: Companies review and select candidates
- Nov 8 - 15: Candidates accept or reject internship
offersFirst Published: Oct 03 2024 | 6:24 PMIST
