Internship opportunity: Progress will need to be carefully monitored

The fact that only about 155,000 candidates applied for about 91,000 such positions on the first day surprised many. The number is expected to go up

The Union government has started rolling out one of the most discussed announcements of the first full Budget of the third Narendra Modi government. Union Finance Minister Nirmala Sitharaman had announced in her July 23 Budget speech the government would launch a scheme to provide internship opportunities to 10 million youths in the top 500 companies in five years. This will help young people looking for employment to gain exposure to real-life business environments in different areas for a year. Selected candidates will be provided an allowance of Rs 5,000 per month along with a one-time assistance