Prime Minister Internship Scheme: Apply by November 15

Applications for the Prime Minister Internship Scheme, an initiative of Ministry of Corporate Affairs, Government of India, aimed at providing internship opportunities to youth in top 500 companies of India can be submitted by 15th November 2024.

The program will offer the youth of the country, exposure to real-life business environments across sectors, helping them gain valuable skills and work experience. This scheme targets to offer one crore internships to youth over five years. Internship is an arrangement between the intern and the company in which the company provides an opportunity to the intern to get training, gain experience and skills within the real-life environment of the business or organization that helps in bridging the gap between academic learning and industry requirements, in turn, assisting enhancement of her/his employability.

Eligible candidates will get internships in different roles across sectors including IT and Software Development, Banking and Financial Services, Oil, Gas & Energy, Metals & Mining, FMCG (Fast-Moving Consumer Goods), Telecom, Infrastructure & Construction, Retail & Consumer Durables, Cement & Building Materials, Automotive, Pharmaceutical, Aviation & Defence, Manufacturing & Industrial, Chemical, Media, Entertainment & Education, Agriculture and Allied, Consulting Services, Textile Manufacturing, Gems and Jewellery, Travel & Hospitality and Healthcare.

Duration

Duration of the internships will be one year (12 months). At least half of the internship period (6 months) must be spent in the actual working experience/ job environment, and not in the classroom. While a certain part of the internship will include relevant training, a significant duration (at least 6 months) of the internship will focus on real-world experience in professional setups.

Eligibility

Applicant must be an Indian citizen, aged between 21-24 years, as on the last date for submission of the application. Applicant must not be employed full-time or engaged in full-time education. Those enrolled in online or distance learning programmes are eligible. Applicant must have completed Secondary School Certificate (SSC) or its equivalent, Higher Secondary Certificate (HSC) or its equivalent, or hold a certificate from an Industrial Training Institute (ITI), or a diploma from a Polytechnic Institute, or a graduation degree such as BA, B.Sc, B.Com, BCA, BBA, B.Pharma, etc.

The categories of persons not eligible to apply for the PM Internship scheme is given in the Guidelines at https://pminternship.mca.gov.in/

Assistance

After joining the internship, each intern will receive a monthly assistance of Rs. 5,000/- for the entire duration of the internship. Of this amount. Partner companies will release Rs. 500/- each month based on the intern's attendance and related company policies regarding good conduct, etc. Once the Company makes the payment, the Government will pay Rs. 4,500/- to the candidate through the Direct Benefit Transfer to the intern’s Aadhaar seeded bank account. Additionally, a one-time grant of Rs. 6,000/- will be provided by the Government of India to each intern after joining the internship. This amount will be disbursed through Direct Benefit Transfer (DBT) after joining the internship. Insurance coverage shall be provided to each individual intern under insurance schemes of the Government of India, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, for which premium amount shall be provided by Government of India. In addition, the company may also provide additional accidental insurance coverage to the interns.

Registration

Those interested can register at https://pminternship.mca.gov.in/, complete their profile, generate their CV, and submit their preferences from the list of opportunities available. One can apply for up to 5 internship options in one cycle, which can be selected based on their preferred location, sector, role, and qualifications.

The shortlisting process will be based on the applicant’s preferences and the requirements posted by the companies. The shortlisting criteria is aimed at promoting diversity and social inclusivity in the internship program. Portal uses tools to give representation to all segments of the population, including SCs, STs, OBCs as well as PwDs. 

Depending on the number of offers for each internship, approximately twice /thrice as many names, along with the Resume of the candidates, will be sent to the company for selection. Then the company will select candidates and make internship offers based on their respective selection criteria. One can receive up to two internship offers. Once an offer is received, the candidate may accept/reject the offer within the stipulated time window. The final offer letter will be uploaded on the PMIS portal, apart from being sent to candidate’s registered email address.

Candidates can reapply for the future cycles of PM Internship Scheme if he/she is not selected for any of the five applied opportunities. 

The PM Internship Scheme provides a valuable opportunity to learn and enhance skills by working with top companies in India. However, the scheme does not guarantee a job upon completion. But the knowledge, practical experience, and professional networks one develops during the internship is expected to significantly enhance one’s career prospects.

Details and Internship Guidelines, are available at https://pminternship.mca.gov.in/