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New scheme: 1 crore youth will get ₹5000 every month, know when, where and how to apply

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PM Internship Scheme: Finance Minister Nirmala Sitharaman announced the PM Internship Scheme in the general budget for the financial year 2024-25, in which about 1 crore youth will get the benefit in the next 5 years. In this program, each intern will be given a monthly allowance of Rs 5000. Apart from this, a lump sum of Rs 6000 will be given separately by the government after 1 year. For this, the official website will be made live by the government from today. Let us know when, where, how one can apply for this scheme.

PM Internship Scheme: How much allowance will be available

In the PM Internship Scheme, every intern will be given a monthly allowance of Rs 5000. Apart from this, the government will give a lump sum of Rs 6000 separately after 1 year. In this monthly allowance of Rs 5000, 10 percent i.e. Rs 500 will be given by the companies from their CSR fund and Rs 4500 will be given by the government.

PM Internship Scheme: 1 crore youth will get benefit

Finance Minister Nirmala Sitharaman announced the PM Internship Scheme in the general budget for the financial year 2024-25, in which about 1 crore youth will get its benefit in the next 5 years. In the first phase, 30 lakh youth will be included in it in the first 2 years, while about 70 lakh people will be linked to it in the next 3 years.

PM Internship Scheme: Opportunity to work in top 500 companies

Under the PM Internship Scheme, the youth will get an opportunity to do internship in around 500 top companies of the country. These companies are going to provide 1 year work experience to the youth by giving 10 percent assistance in this scheme under their CSR activity.

PM Internship Scheme: Who can apply?

Any youth between 21 and 24 years of age who has a 10th pass certificate can apply for the PM Internship Scheme.

PM Internship Scheme: Who cannot apply?

Please note that any person whose family member is in a government job, or whose family’s annual income is more than Rs 8 lakh or who himself is in any full time employment, cannot apply for this scheme.

PM Internship Scheme: How to apply

To apply for PM Internship Scheme, you will first have to go to its official portal and fill a form, where you can give information about your skills and interests. After which, it will be decided where you can do internship based on your qualification.

PM Internship Scheme: Keep these documents ready

Before applying for PM Internship Scheme, you will have to keep some important documents ready with you, which include Aadhar card, email ID, mobile number, address proof, educational details and PAN card.

PM Internship Scheme: When can you apply?

Let us tell you that a dedicated portal for PM Internship Scheme will go live from today, October 3. However, official candidates can register themselves for this scheme from October 12.

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