PM Yuva Internship Scheme – Nirmala Sitharaman said in her budget address that the government will introduce a comprehensive program to offer one crore students internship opportunities in top 500 companies in five years. In this post you get every necessary information regarding this scheme such as benefits, objective, eligibility criteria, overview, required documents and apply online.
Read Also –Digital India Internship Scheme
PM Yuva Internship Scheme 2024
The establishment of a scheme for internships, which would give 1 crore youngsters chances at the top 500 firms over the next five years, was announced by Union Finance Minister Nirmala Sitharaman. A one-time aid of Rs 6,000 and a monthly salary of Rs 5,000 would be provided under the new internship program, according to Sitharaman who made this announcement at the Union Budget 2024-25 presentation.
FM also revealed that the government will provide businesses Rs 3,000 a month to cover their EPFO contributions for a two year term for each additional hire as part of an abundance of initiatives aimed at creating jobs. Additionally, all new hires would receive a salary of up to Rs 15,000 per month. Plan to assist 2.1 crore young people, stated the minister. It would be given out in three installments, with a monthly salary of Rs 1 lakh serving as the eligibility barrier.
Read Also –National Career Service Portal
Overview Of Internship Scheme
| Name of the scheme | Internship Scheme 2024 |
| Launched by | Central Government of India |
| Beneficiaries | Youth |
| Objective | To provide one crore youngsters with internships in top companies within five years |
| Application process | _____ |
| Official website | _____ |
Objective Of PM Yuva Internship Scheme
The main objective of this scheme is to provide one crore young people with chances in the top 500 businesses over the next five years. Interns would get a one time help of Rs 6,000 as well as a monthly allowance of Rs 5,000 as part of the scheme.
Benefits Of PM Yuva Internship Scheme
- During the next five years, Sitharaman suggested in her Budget 2024-25 address that 4.1 crore employment be created for the young. The government has allotted Rs.2 lakh crore for this purpose.
- Similarly, during a five-year period, she suggested spending Rs.1.48 lakh crore to train 20 lakh youth for employment.
- She declared that up to 1,000 industrial training facilities will be upgraded. She suggested paying all new hires in all industries a one-time salary. Direct Benefit Transfer (DBT) would be used to offer the incentive to first-time participants.
Read Also –Nai Roshni Scheme
Eligibility Criteria
- The applicant must live in india.
Required Documents
- Aadhaar card
- PAN card
- Educational certificate
- Income certificate
- Address proof
- Mobile number
Application Process Of PM Yuva Internship Scheme
The Internship Scheme 2024 has been launched by the Indian government. The government has not yet made any information on the online application available. Stay tuned for updates on this topic as soon as the government makes any relevant information public.
Read Also –PM Mudra Loan Yojana
FAQ’s
What is the Internship Scheme?
The Union Finance Minister unveiled an internship program designed to provide one crore young people in five years access to chances in the top 500 companies.
How much financial assistance will the students receive?
Sitharaman revealed a student internship program that will offer Rs.5,000 in monthly support.
What is the official website of this scheme?
Not announced yet