PM Internship Opportunities & Salary: Explore Benefits and Career Growth

The Prime Minister Internship Scheme (PMIS) is a government initiative aimed at providing young graduates and diploma holders with valuable practical experience in top companies across India. To apply for the PMIS, they can visit the official website or check recruitment portals. Specific internship opportunities and salaries can vary based on the company, role, and location. It's recommended to check individual company websites or the PM internship portal for the latest information.

The Government of India's Ministry of Corporate Affairs has launched the Prime Minister Internship Scheme, offering over 80,000 internship opportunities across India's top 500 companies. This year-long program provides young graduates and diploma holders with invaluable hands-on experience and a monthly stipend of ₹5,000.

PM Internship Scheme Opportunities Overview

PM Internship Scheme Opportunities

The internship scheme aims to facilitate a mutually beneficial arrangement between interns and companies. Interns will gain practical experience and skills in a real-world setting, bridging the gap between academic learning and industry requirements. This, in turn, will enhance their employability.

The scheme is distinct from existing skill development, apprenticeship, and internship programs implemented by various states and the central government. It will operate independently of these other initiatives. Candidates can go through the PM Internship profile update guide to learn more about filling out the internship application.

PM Internship Scheme Salary and Stipend

Selected candidates for the PM Internship Scheme 2024 will receive the following benefits:

• Monthly Stipend: Interns will receive a monthly stipend of Rs. 5,000 for 12 months. The company will contribute Rs 500 per month from its CSR funds, while the government will transfer the remaining Rs. 4,500 directly to the intern's Aadhaar-linked bank account. Companies are also free to offer additional stipends from their funds.

• One-Time Financial Assistance: A one-time grant of Rs. 6,000 will be disbursed to each intern by the government upon joining the internship, transferred directly to their Aadhaar-linked bank account.

PM Internship Scheme Insurence Coverage

The government will provide insurance coverage to each intern under the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana. The premium for these schemes will be borne by the government. Additionally, companies may opt to provide additional accidental insurance coverage to interns.

Companies Selected for the PM Internship Scheme

The PM Internship Scheme selects companies based on their recent Corporate Social Responsibility (CSR) spending. This includes not only large corporations but also banks and financial institutions, subject to ministerial approval. These companies will offer internships that provide hands-on experience and contribute to meaningful projects.

The Prime Minister's Internship Scheme offers one-year internships in India's top 500 companies, including TATA, Reliance, and Apollo. These internships provide valuable hands-on experience and a monthly stipend. Eligible candidates aged 21-24 can apply for over 80,000 vacancies.

As announced in the Union Budget 2024-25, the PM Internship Scheme launched as a pilot project for the financial year 2024-25, aiming to provide 1.25 lakh internships across 24 sectors, including oil, gas, energy, travel, hospitality, automotive, banking, and financial services. Participating companies were selected based on their corporate social responsibility (CSR) spending over the past three years, ensuring interns are placed with socially and ethically responsible organizations.

PM Internship Scheme Online Portal to Apply

PM internship scheme leverages a dedicated online portal (www.pminternship.mca.gov.in) developed by the Ministry of Corporate Affairs. This platform serves as a central hub for all aspects of the scheme's implementation and internship lifecycle management.

Participating companies will receive a dedicated dashboard on the portal to post internship opportunities. These postings will include details such as location, internship nature, minimum educational qualifications required, and any facilities provided by the company.

Eligible candidates can register themselves on the portal. Based on the information provided, the portal will automatically generate a resume for each applicant. Additionally, a browsing function enables candidates to search and explore available internship opportunities. Candidates will also have the opportunity to track the PM Internship application status to keep up-to-date with the latest information on the internships.