Prime Minister Internship Scheme 1 Crore Youth 2024: Eligibility, Benefits, and Application Process

The Prime Minister Internship Scheme 1 Crore Youth 2024 is a landmark initiative launched by the Government of India, aimed at enhancing youth employability through practical internship experiences. Announced during the representation of the education budget by Finance Minister Nirmala Sitharaman, this scheme aims to provide internships to 1 crore youth who have completed their education, thereby bridging the gap between education and employment.

This program is a vital component of the Prime Minister’s broader employment and skills package, promoting skill development and enhancing job readiness among young Indians. In this article, we will explore the details of the scheme, including its benefits, eligibility criteria, application process, and key features.

Overview of the Prime Minister Internship Scheme

Key Features of the Scheme

Feature	Details
Name of the Scheme	Prime Minister Internship Scheme
Launched by	Government of India
Target Beneficiaries	1 Crore youth of India
Official Website	PM Internship Portal
Internship Duration	1 Year
Monthly Stipend	₹4,500 from government + ₹500 from companies
Total Beneficiaries	10 million youth over five years
Eligibility Age	21 to 24 years

Objectives of the Scheme

The primary objective of the Prime Minister Internship Scheme is to provide young individuals with invaluable work experience, thereby enhancing their employability in the competitive job market. By partnering with India’s top 500 companies, the initiative aims to equip participants with practical skills that are aligned with industry demands.

Internships will not only provide participants with a monthly stipend but will also assist them in building a professional network, thereby increasing their chances of securing future employment. The program seeks to empower youth from diverse backgrounds, especially those who have traditionally faced barriers to entering the workforce.

Benefits of the Prime Minister Internship Scheme

1. Financial Support: Selected interns will receive a monthly stipend of ₹4,500 from the government, supplemented by an additional ₹500 from companies through their Corporate Social Responsibility (CSR) funds. Additionally, participants will receive a one-time financial grant of ₹6,000 for incidental expenses at the start of their internships.
2. Skill Development: The scheme offers hands-on training and exposure to real-world corporate environments, ensuring that participants gain essential skills relevant to the job market.
3. Enhanced Employability: By gaining experience in top companies, interns significantly improve their job prospects. The practical skills and insights gained during the internship will make them more attractive to potential employers.
4. Broadening Access: The program encourages applications from youth across various educational backgrounds, including those from Industrial Training Institutes (ITIs) and skill centers, promoting inclusivity.
5. Structured Learning: The internship lasts for one year, providing a clear timeframe for participants to develop skills and competencies required in their respective fields.

Eligibility Criteria

To ensure that the scheme targets the right audience, specific eligibility criteria have been established:

Eligible Applicants:

• Must be a permanent resident of India.
• Age between 21 and 24 years.
• Not currently engaged in full-time employment or education.
• Must have completed secondary or higher secondary education or hold an ITI certificate, Polytechnic diploma, or degree in fields such as BA, B.Sc, B.Com, BCA, BBA, or B.Pharma.

Ineligible Applicants:

• Individuals currently engaged in full-time employment or education.
• Graduates from prestigious institutions like IITs, IIMs, National Law Universities, IISER, NIDs, or IIITs.
• Holders of professional degrees such as CA, CMA, CS, MBBS, BDS, MBA, PhD, or any master’s degree.
• Individuals enrolled in any government skill, apprenticeship, or internship programs.
• Candidates whose family income exceeds ₹8 lakh per annum or have family members (self, parents, spouse) who are regular government employees.

Required Documents

To apply for the Prime Minister Internship Scheme, candidates need to provide the following documents:

1. Aadhar Card
2. Email ID
3. Mobile Number
4. Address Proof
5. PAN Card
6. Ration Card

Application Process

The application process for the Prime Minister Internship Scheme is streamlined through an online portal. Here are the steps to apply:

Step-by-Step Application Process:

1. Visit the Official Website: Go to the PM Internship Portal.
2. Registration: Complete the registration process by providing the necessary personal and educational details.
3. Resume Generation: The portal will automatically generate a resume based on the provided information.
4. Browse Internships: Utilize the portal’s browsing facility to view available internship opportunities based on preferences such as sector, location, and role.
5. Apply for Internships: Candidates can apply for up to five internships that match their qualifications and preferences.
6. Shortlisting: The portal will shortlist candidates based on their applications and the requirements set by partner companies.
7. Selection by Companies: Companies will review shortlisted candidates and make offers based on their selection criteria.
8. Accept Offer: Candidates can accept internship offers through the portal.

Login Process

To log in to the PM Internship Portal, follow these steps:

1. Visit the official website.
2. Click on the “Login” button on the homepage.
3. Enter your Username/Mobile/CIN and Password.
4. Click on the “Login” button to access your account.

Download Guidelines

 Step 1: Visit the official website at https://pminternship.mca.gov.in/.

Step 2: On the homepage click on the “GUIDELINES” option.

Step 3: PMIS_Guidelines.pdf will appear on your screen.
Step 4: Click on the download sign on the top right corner.

Step 5: Guidelines will be downloaded to your device.

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Implementation Phases

The Prime Minister Internship Scheme will be implemented in two distinct phases:

1. Phase 1: Focused on the training of 3 million youth over two years.
2. Phase 2: Aims to train an additional 7 million youth over the subsequent three years.

Financial Assistance Breakdown

The financial assistance for interns under the scheme is structured as follows:

• Monthly assistance of ₹5,000 for the entire duration of the internship.
  • ₹4,500 will be transferred directly to the intern’s Aadhaar-linked bank account by the government.
  • ₹500 will be provided by the company based on attendance and performance.

Salient Features of the Scheme

• The internship program will last for one year, providing ample time for participants to gain experience.
• A dedicated online portal will facilitate the application process and manage internship opportunities.
• Automated selection will ensure fairness and eliminate bias in candidate selection.
• The scheme is designed to address the skill gap in the workforce and will enhance collaboration between companies and educational institutions.

Contact Details

For more information about the Prime Minister Internship Scheme, you can reach out via:

• Address: A Wing, 5th Floor, Shastri Bhawan, Dr. Rajendra Prasad Rd, New Delhi-110001
• Toll-Free Number: 1800 11 6090
• Email ID: pminternship@mca.gov.in

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