Illustration: Binay Sinha
According to sources in the Ministry of Business Affairs, more than 155,000 candidates have registered for around 91,000 opportunities on the internship portal since it was opened to applicants on Saturday afternoon.
A shortlist would be prepared using artificial intelligence to identify eligible candidates and match them with the appropriate internship opportunity. The shortlist would be shared with the companies on October 15.
Click here to connect with us on WhatsApp
This is part of the pilot scheme for the Prime Minister’s internship scheme launched on 3 October. The actual internship would begin from December 2. The scheme was announced by Union Finance Minister Nirmala Sitharaman as part of the government’s employment boost agenda in her budget speech on July 23.
The scheme would aim to provide 125,000 internship opportunities to youth aged 21-24 in fiscal year 2024-25 with a budget of Rs 800 crore.
The government aims to train one million youth in India’s top companies in five years through the internship scheme. Youth will gain 12-month exposure to real-life business environment, various careers and employment opportunities.
Internship opportunities have been advertised by 193 companies, including major private sector players like Jubilant Foodworks, Maruti Suzuki India, Eicher Motor Ltd, Larsen & Toubro Ltd., Muthoot Finance, Reliance Industries, among others.
These are spread across 24 sectors, with the largest share available in the oil, gas and energy sector, followed by travel and hospitality, automotive, banking and financial services, among others.
Eligibility criteria for internship candidates require having passed Secondary School, Higher Secondary School, possessing a certificate from an Industrial Training Institute, being in possession of a diploma from a Polytechnic Institute or having a postgraduate degree. Individuals must also be Indian citizens, not fully employed or engaged in full-time education. Those enrolled in online or distance learning programs are eligible to apply.
Candidates will be able to search for internships based on their preferred sectors, roles and locations and apply for up to five opportunities.
The MCA would provide direct benefit transfer of Rs 6,000 to the intern on joining and cover under Prime Minister Jeevan Jyoti Bima and Prime Minister Surakha Yojana. Financial assistance of Rs 5,000 per month would also be provided to the intern, of which Rs 4,500 would be disbursed by the government and Rs 500 would be paid by the company from its CSR funds.
Shortlisting would include eliminating those who are not eligible to apply, such as chartered accountants, certified management accountants, those with degrees from the Indian Institute of Technology (IIT) or the Indian Institute of Management (IIM). If any member of the applicant’s family has income more than Rs 8 lakh for the financial year 2023-24, or is a government employee, they would also not be eligible.
First published: October 13, 2024 | 19:59 IS
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.