Internships

The FM will also launch the first facilitation centre for the Internship Scheme being set up in Kolkata by the Ministry of Corporate Affairs in collaboration with the Confederation of Indian Industry

Programme to last for 12 months, with at least half of it focusing on hands-on work experience

The Institute of Chartered Accountants of India (ICAI) has expressed its interest to the government to be part of the Prime Minister's Internship Scheme whereby youth can be offered opportunities in various areas of accounting and finance. The scheme, being implemented by the corporate affairs ministry, was launched on October 3, 2024 and aims to provide internship opportunities to 1.25 lakh youth in the current financial year. An ICAI official on Thursday said the institute has written to the ministry seeking to be part of the scheme. After getting the ministry's in-principle approval, the ICAI Central Council will discuss on the modalities related to participating in the scheme, the official said and added that the aim is to provide internship opportunities for the youth at chartered accountant firms in the areas of accounting and finance. The scheme, announced in the 2024-25 Budget, aims to provide internship opportunities to 1 crore youth in top 500 companies in 5 ...

PM Internship Scheme 2025: As per the Ministry, each intern will get a monthly stipend of ₹5,000, and a one-time financial assistance of ₹6,000. The last date to apply is March 12

In Round 2, each person can apply for up to three internships before the deadline. Each intern will receive monthly financial assistance of Rs 5,000, along with a one-time financial aid of Rs 6,000

Currently, the top 500 companies with the highest average corporate social responsibility (CSR) expenditure over the last three years are part of the scheme

The MCA will seek Cabinet approval for the full-fledged rollout of the scheme after incorporating lessons from the pilot phase

As part of the Viksit Bharat initiative, announced in the July 2024 budget, the government launched a comprehensive internship scheme aimed at providing opportunities to 1 crore youth over five years

Based on inputs from the pilot project, government is likely to introduce some tweaks to the programme to make it more viable for applicants and industry, besides raising awareness about the scheme

The B-School is spread over a 3.5-acre area adjacent to the MCC campus in Tambaram

Flag concerns around finding interns with the right skillset

The scheme had set a target of providing 125,000 opportunities by the end of March 2025

The selection procedure, including interviews and group discussions, for the full-time internship scheme has already started, he said

Move may be aimed at attracting more applicants

The pilot project of the PM Internship Scheme received over 650,000 applications for 127,000 opportunities offered by 280 Indian companies participating in the scheme

The government aims to skill 10 million youths in India's top companies in five years through the internship scheme

12-month programme trains young Indians for the job market and provides a monthly stipend

The internship scheme is focused on youth aged between 21 and 24 years mainly from poor and lower middle-class households

The Government has revised the CSR guidelines for CPSEs by including PM's Internship Scheme as the common theme for the current fiscal, an official said. Currently, Central Public Sector Enterprises (CPSEs) follow a theme-based approach in utilising their Corporate Social Responsibility (CSR) funds. CPSEs have to spend 60 per cent of their CSR funds on the theme set for a particular year. "We have added PM's Internship Scheme to 'Health and Nutrition' as the common theme for CSR activities by the CPSEs for 2024-25. CPSEs will spend 60 per cent of their CSR funds towards 'health and nutrition' and PM's Internship Scheme this fiscal," an official told PTI. The Ministry of Corporate Affairs, earlier this month, started enrolling companies as well as interns under the Prime Minister's Internship Scheme. Over five years, the scheme envisages providing internships to 1 crore youth. Under the pilot project, which is estimated to cost around Rs 800 crore, the 12-month long internship will

Companies have listed 1.25 lakh internship opportunities so far for candidates under the PM Internship Scheme, according to sources. The dedicated portal for the scheme went live for registration by candidates at 5 pm on October 12. The sources in the know on Saturday said that so far 250 top companies have been registered under the scheme and 1.25 lakh internship offers have been made by companies. The scheme's pilot project had envisaged providing 1.25 lakh internship opportunities to the candidates. The internships are set to commence on December 2. Those in the age group of 21-24 years are eligible to apply for the scheme, which is being implemented by the corporate affairs ministry through the portal 'www.pminternship.mca.gov.in'. Under the scheme, an intern will get a monthly financial assistance of Rs 5,000 for 12 months and a one-time grant of Rs 6,000. The initial cost of the scheme's pilot project is estimated at Rs 800 crore. Announced by Finance Minister Nirmala Sith