PM Internship Scheme Registrations Open

PM Internship Scheme Registrations in Top Companies 2024-25 Applications Invited!

PM Internship Scheme Registrations in Top Companies 2024-25 Applications Invited! Interested and eligible applicants can check out all of the details on the same below:

PM Internship scheme

PM Internship offers:

  • 12 months real-life experience in India’s top companies.
  • Monthly assistance of ₹4500 by Government of India and ₹500 by Industry.
  • One-time grant of ₹6000 for incidentals.
  • Insurance coverage for every intern under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana by Government of India.

F. NO- CSR/13/35/2024
Government of India Ministry of Corporate Affairs
(PMIS Cell)


5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road,
New Delhi-110 001
Dated: 03.10.2024

Office Memorandum

Subject: Guidelines for “Prime Minister’s Internship Scheme – Pilot Project (Financial Year 2024-25)”

The Prime Minister’s Internship Scheme in Top Companies has been announced in the Budget 2024-25 (Scheme). It aims to provide internship opportunities to one crore youth in top 500 companies in five years. Through this Scheme, youth will gain exposure for 12 months to real-life business environments, across varied professions and employment opportunities.

As an initiation of this ambitious Scheme, which involves multiple stakeholders and innovative concepts of skilling

, a Pilot Project of the Scheme targeted at providing 1.25 lakh internship opportunities is being launched for the Financial Year (FY) 2024-25. The top companies for this Pilot Project have been identified based on the average CSR expenditure of the last three years. Participation of the companies in this Scheme is voluntary. A list of these companies would be uploaded on the PM Internship Scheme Portal.

Internship for the purpose of this Scheme is envisaged as an arrangement between the intern and the company, in which the company provides an opportunity for the intern to receive training, gain experience, and develop skills within the real-life environment of the business or organization. This helps bridge the gap between academic learning and industry requirements, in turn, enhancing employability.

Scope: The Scheme is separate from all the existing schemes related to skill development, apprenticeships, internships, and student training programs, etc., being implemented across all the States & UTs of India, and will run independently of all such Central/State schemes.

Salient Features of the Pilot Project:

Internship Duration: Duration of the Internship shall be 12 months. At least half of the internship period must be spent in the actual working environment, not in the classroom.

Eligibility Criteria for Candidates:

  • Age: Youth aged between 21 and 24 (as on the last date for submission of application), belonging to Indian nationality, who are not employed full-time and not engaged in full-time education. Candidates enrolled in online/ distance learning programs are eligible to apply.
  • Educational Qualifications: Candidates who have passed High School, Higher Secondary School, possess a certificate from an ITI, hold a diploma from a Polytechnic Institute, or are graduates with degrees such as BA, B.Sc, B.Com, BCA, BBA, B.Pharma, etc.
  • Ineligibility Criteria: The following persons are ineligible to participate:
    • Graduates from IITs, IIMs, National Law Universities, IISER, NIDs, and IIITs.
    • Those having qualifications such as CA, CMA, CS, MBBS, BDS, MBA, any master’s or higher degree.
    • Those undergoing any skill, apprenticeship, internship, or student training program under Central or State Government schemes.
    • Those who have completed apprenticeship or training under the National Apprenticeship Training Scheme (NATS) or National Apprenticeship Promotion Scheme (NAPS) at any point.
    • If the income of any of the family members of the candidate exceeds Rs. 8 lakh for FY 2023-24.
    • If any member of the family is a permanent/regular government employee.

Note:

  • “Family” means self, parents, and spouse.
  • “Government” means Central and State Governments, UT administration, Central and State PSUs, statutory organizations, local bodies, etc.
  • “Employee” means regular/permanent employees but does not include contractual employees.

Criteria for Companies (Partner Companies) to Participate:

  • The top 500 companies have been identified by the Ministry based on their average CSR expenditure of the last three years. Apart from these, any other company/bank/financial institution wishing to participate in the Scheme may do so with the approval of the Ministry of Corporate Affairs (MCA), which would take a view considering under-represented sectors and areas.
  • In case the Partner Company cannot directly provide such internship opportunities in its own company, it may tie-up with:
    • Companies in its forward and backward supply chain (e.g., suppliers/customers/vendors), or;
    • Other Companies/Institutions in its Group.

Support and Benefits:

This is a Direct Benefit Transfer (DBT) Scheme.

Monthly assistance to the interns:

  • Monthly assistance of Rs. 5,000 will be paid to the interns for the entire duration of 12 months of the internship. Out of this, Rs. 500 will be paid by the company, and Rs. 4,500 by the Government through Direct Benefit Transfer to the intern’s Aadhaar-seeded bank account.

Grant for incidentals:

  • A one-time grant of ₹6,000 will be disbursed by the Government through Direct Benefit Transfer, upon the intern’s joining at the internship location.

Training cost:

  • Training expenditures will be borne by the company from its CSR funds.

Administrative cost:

  • Up to 5% of the CSR expenditure under this Scheme may be booked as administrative costs by the company.

Insurance coverage:

  • Insurance coverage will be provided under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana. The company may also provide additional accidental insurance coverage to the interns.

Implementation Mechanism:

  • The Scheme will be implemented through an online portal (www.pminternship.mca.gov.in).
  • A dedicated dashboard will be provided to each Partner Company on the Portal for posting internship opportunities.
  • Eligible candidates must register on the Portal. A resume will be generated by the Portal based on the candidate’s information.

For preferred sectors, functional roles, locations, and other criteria:
Candidates may apply for up to five (5) internship opportunities based on their preferences, including location (state, district), sector, functional role, and qualifications.

  • Shortlisting and Selection:
    A pool of candidates will be shortlisted for each internship opportunity through the Portal. The shortlisting process will be based on the candidates’ preferences and the requirements posted by the companies. In the shortlisting process, criteria that prioritize lower employability and ensure broader representation across the applicant base will be considered. The shortlisting criteria aim to promote diversity and social inclusivity in the internship program.

    • To ensure the above, the Portal will use tools to give representation to all such segments of the population, such as Scheduled Castes, Scheduled Tribes, Other Backward Classes, as well as Persons with Disabilities.
    • 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.
    • Companies will be able to select candidates and make internship offers based on their respective selection criteria and processes.
    • Once an offer is sent by the company to the candidate, the candidate will be able to convey acceptance through the Portal.
    • A detailed implementation mechanism for the Pilot Project is given in Annexure-I, prescribed by this Ministry.
  • Clarification on Employment Relationship:
    It is clarified that an offer of internship would not give rise to any contractual or legal relationship of employer-employee between the Ministry or the concerned company and the selected intern.
    It is further clarified that such an offer of internship cannot be construed as an offer or promise of future employment by the concerned company or Ministry, during or after the period of internship.
  • Operational Guidelines:
    Detailed operational guidelines for the companies and the youth to participate in the Pilot Project through the Portal will be provided on the Portal.
  • Recognition of Best Practices:
    The Ministry will establish a transparent process to recognize and award interns and companies based on their exceptional performance, innovation, and other criteria.
  • Grievance Redressal Mechanism:
    A grievance redressal mechanism to address the concerns and issues faced by stakeholders will be established to ensure timely resolution and enhance overall user satisfaction. The key features of the grievance redressal system are:

    • Internship Portal: All stakeholders, including interns and companies, will be able to submit their queries or grievances via the query redressal tools, including chatbots linked to the Portal. These tools will facilitate easy registration of queries, real-time tracking, and updates on the resolution status.
    • Dedicated Call Center: A multilingual call center will be established to address grievances/queries received through the helpline.

Administrative and Monitoring Framework:

Monitoring and Steering Committee (MSC):

There shall be an MSC to oversee the design, implementation, operations, and other aspects of the Scheme.

  • The MSC will comprise officers from MCA, other Ministries/Departments, and representatives from the industry.
  • The MSC will be empowered to make recommendations including but not limited to any modifications in the guidelines, eligibility, selection criteria, communication and outreach strategy, monitoring, evaluation, etc., of the Pilot Project.
  • The Ministry may also constitute any other committee(s) for effective scheme implementation, review, and coordination.

Monitoring, Evaluation, and Learning (MEL) Framework:

A concurrent MEL framework will be developed to ensure timely corrective actions.

  • A dashboard indicating key performance indicators (KPIs), periodic data reports, and performance scorecards will be used to regularly monitor and evaluate the end-to-end implementation.
  • Independent evaluations and periodic assessment/evaluation studies will be undertaken.

Communication, Awareness, and Capacity Building: Communication, advocacy, and capacity-building initiatives will be undertaken to effectively promote the Scheme to raise awareness and highlight its benefits. FAQs, user manuals, instructional videos, and informational materials will be provided on the Portal to facilitate the participation of candidates and industry.

Coordination with State Governments: Coordination with the State Governments/PRIS/ULBs will be done as per requirements.

Learnings from the Pilot Project:

The Pilot Project is a pivotal phase that allows for testing concepts, strategies, and systems before full-scale implementation. Based on the feedback received and evaluation of outcomes during the Pilot Project, the Ministry will draw lessons and factor them in while rolling out the first phase of the PM Internship Scheme, as announced in the Budget 2024-25.

This issue is with the approval of the Hon’ble Minister of Corporate Affairs.

PM Internship Scheme User Manual

Download the guidelines here

List of partner companies

FAQ

APPLY ONLINE HERE

Editor’s Note: PM Internship Scheme Registrations in Top Companies 2024-25 Applications Invited! PM Internship Scheme Registrations 2024. PM Internship Scheme Registrations 2024-25. Please ensure you are subscribed to the Biotecnika Times Newsletter and our YouTube channel to be notified of the latest industry news. Follow us on social media like TwitterTelegramFacebook and Instagram.

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