The Prime Minister Internship Scheme 2024 has been proclaimed by the Indian government, pointing to provide residencies for 1 crore (10 million) youth across the nation. This inventiveness was officially presented by Finance Minister Nirmala Sitharaman during the performance of the teaching budget, next the important statement made on July 23, 2024.
The scheme is intended to prepare young people with vital skills and information, making them more employable in a modest job market. Chosen interns will receive financial support, count a monthly salary and a one-time grant to assist with related expenses.
Also Read: Mo Ghara Yojana Odisha 2024 Scheme
Objectives of the Prime Minister Residency Scheme
The primary goals of the Prime Minister Internship Scheme are:
- To Enhance Employability: By if real-world knowledge in India’s leading companies, the scheme pursues to improve the employability of youth.
- Financial Support: Interns will receive salaries to help cover their day-to-day expenditures while gaining valued workplace knowledge.
- Skill Development: The inventiveness aims to bond the skill gap in the workforce by exercise young persons through practical residency chances.
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Key Features of the Scheme
- Duration: The residency program will last for one year, allowing members ample time to learn and adapt to the expert setting.
- Target Group: The scheme exactly targets youth aged 21-24 who are unemployed and hail from relations without any administration staffs.
- Stipend: Interns will obtain a once-a-month stipend of INR 4,500, supplemented by an additional INR 500 from active companies’ Corporate Social Accountability (CSR) efforts.
Schedule and Important Dates
- Official Launch: The scheme will be formally hurled on October 3, 2024.
- Company Registration: Companies will register and post obtainable internships on the portal from October 3-11, 2024.
- Application Window: Applicants can begin succumbing their requests starting October 12, 2024.
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Eligibility Criteria
To qualify for the Prime Minister Internship Scheme, candidates must meet the following requirements:
- Age: Candidates must be between 21 and 24 years old.
- Residency: They should be enduring residents of India.
- Employment Status: Applicants must not be betrothed in full-time employment.
- Educational Background: Applicants should have completed secondary education or hold a certificate from a documented institution, counting ITIs and college institutes.
Ineligibility Criteria
Certain persons are excluded from active in this scheme:
- Graduates from prestigious organizations such as IITs, IIMs, and National Law Universities.
- Individuals registered in full-time jobs or instructive programs.
- Candidates whose family income exceeds INR 8 lakh annually.
- Family memberships (self, parents, spouse) who are enduring government employees.
Financial Assistance Breakdown
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Participants in the scheme will receive:
- Monthly Stipend: A certain monthly salary of up to INR 5,000, alienated into INR 4,500 from the government and INR 500 from the employer.
- One-Time Grant: A financial help amount of INR 6,000 to cover incidental costs when starting the residency.
- Insurance Coverage: Each intern will advantage from administration cover arrangements like Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.
Implementation Phases
The Prime Minister Internship Scheme will be rolled out in two phases
- Phase 1: Will target the training of 3 million youth over two years.
- Phase 2: Aims to provide training to an extra 7 million youth over the subsequent three years.
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Application Process
To apply for the Prime Minister Residency Scheme, follow these steps:
- Visit the Official Portal: Go to https://pminternship.mca.gov.in/login/.
- Registration: Fill out the registering form with your personal and educational details.
- Create a Resume: The portal will mechanically generate a resume based on the information you provide.
- Browse Opportunities: Check available residencies based on your favorites in terms of sectors, job roles, and locations.
- Apply for Internships: Applicants can apply for a all-out of five internships that align with their interests and qualifications.
- Shortlisting: Successful candidates will be qualified through an automatic selection procedure.
- Offer Acceptance: Applicants can accept residency offers made through the portal.
Required Documents
Applicants need to provide the following documents:
- Aadhar Card
- PAN Card
- Proof of Address
- Email ID
- Mobile Number
- Ration Card
Important Contact Information
For more info or inquiries concerning the scheme, applicants can reach out finished the following channels:
- Address: A Wing, 5th Floor, Shastri Bhawan, Dr. Rajendra Prasad Rd, New Delhi-110001
- Toll-Free Number: 1800 11 6090
- Email: pminternship@mca.gov.in
Conclusion
The Prime Minister Internship Scheme 2024 is a important step toward approving the youth of India. By if internships in top trades and offering financial support, the scheme aims to foster financial individuality and career readiness among the nation’s young population. Interested candidates are fortified to prepare their requests and take benefit of this unique chance to enhance their skills and employability.
Still have more questions About Prime Minister Internship Scheme
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