The Finance Minister of India announced the Prime Minister Internship Scheme 1 Crore Youth 2024. During the representation of the education budget, the Finance Minister of India Mrs. Nirmala Sitharaman announce the launch of the Prime Minister Internship Scheme 1 Crore Youth 2024. Under this scheme, the government of India will provide internships to all students who have completed their education. The Government of India will also provide financial assistance and a monthly stipend to all selected applicants under the scheme. The financial assistance under the scheme will be transferred directly to the selected applicant’s bank account.
Internship Scheme for 1 Crore Youth Announced
To provide employment opportunities to the unemployed youth of India the Government of India introduced the Prime Minister Internship Scheme. As per the announcement by the finance minister of India a total of 1 crore youth will avail the benefits under this scheme. By providing internships, the Government of India will provide essential experience to the country’s youth, which will help them get a job easily. All applicants who clear the eligibility criteria must visit the official website and fill out the application form online to avail of the Prime Minister Internship Scheme 1 Crore Youth 2024 benefits.
Objective of the Youth Internship Scheme
The main objective of the Youth Internship Scheme is to help the youth of India gain some experience in the corporate world. With the help of this scheme, the youth will get employment opportunities. According to the Government of India, the selected youth under the scheme will receive a monthly stipend of up to INR 5000. Not only monthly stipend but the applicants will also receive a one-time financial assistance of INR 6000. The selected youth will get a chance to do their internship in the top 500 companies in India. With the help of this scheme, the unemployed youth did not have to depend on anyone for their day-to-day expenses anymore.
Also Read: Three Employment Linked Incentive Scheme
Helpful Summary of Prime Minister Internship Scheme
| Name of the scheme | Prime Minister Internship Scheme |
| Introduced by | Government of India |
| Objective | Provide internship |
| Beneficiaries | Youth of India |
| Official website |
Also Read: Digital India Internship Scheme
Eligibility Criteria
- The applicant must be a permanent resident of India.
- The applicant must be a youth.
- The applicant must be currently unemployed.
Date of Announcement
- The scheme was announced on 23 July 2024 during the representation of the union budget for 2024-25.
Financial Assistance and Monthly Stipend
- The financial assistance of INR 6000 will be given to the selected applicants under the Prime Minister Internship Scheme 1 Crore Youth 2024.
- The monthly stipend of up to INR 5000 will be given to the selected applicants under the Prime Minister Internship Scheme 1 Crore Youth 2024.
Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Address Proof
- PAN Card
- Ration card
Also Read: Vidyalakshmi Scheme
No of Company Assigend
- A total of 500 companies are assigned with the Government of India for the implementation of the Prime Minister Internship Scheme 1 Crore Youth 2024.
Expected Selection Process
- The applicants will be selected based on their clearance of eligibility criteria.
- Only the applicants who the permanent residents of India will be selected under the scheme.
- The applicant must be an unemployed citizen to be selected under the scheme.
- The applicants must fill out the application form before the last date to confirm their selection under the Prime Minister Internship Scheme.
Prime Minister Internship Scheme Application Process 2024
STEP 1: All the applications to clear the eligibility criteria can visit the official website to apply for the Prime Minister Internship Scheme 2024 online.
STEP 2: Once the applicant reaches the home page of the official website the applicant must click on the option apply here.
STEP 3: A new page will appear on your desktop screen the applicant must enter all the details that are asked and attach all the necessary documents on the application form.
STEP 4: After entering all the details the applicant must quickly review it and click on the option submit to complete their process.
FAQs
Who introduced the Prime Minister Internship Scheme 1 Crore Youth 2024?
The finance minister of India introduced the scheme Prime Minister Internship Scheme 1 Crore Youth 2024.
What is the monthly stipend to be given under the Prime Minister Internship Scheme 1 Crore Youth 2024?
The monthly stipend of INR 5000 will be given under the Prime Minister Internship Scheme 1 Crore Youth 2024.
What is the main objective of launching the Prime Minister Internship Scheme 1 Crore Youth 2024?
The main objective of launching the Prime Minister Internship Scheme is to help the unemployed youth of India by providing them with internships.