All About PM Internship Scheme, Budget 2024: Many announcements have been made for the youth in the Union Budget 2024. One of the most special announcements has been made regarding the Prime Minister's Internship Scheme. Under this, the top companies of the country will give skill training to one crore youth by putting them on internship in the next 5 years. During this, the Government of India will give Rs 5000 every month to these youth. This amount will continue to be available for the training period of one year. But what will be the eligibility for PM Internship Scheme? Who and how will get its benefit? Know every small and big detail.
What will be the top 500 companies?
The companies will have to decide which top 500 companies will be included in the PM Internship Scheme, in which you will get paid to become an intern. They will have to decide their participation in the scheme themselves. This scheme will be run in two phases. The first phase will be of two years and the second phase will be of 3 years.
Both the government and the company will share the expenses
For this scheme, the government will provide an allowance of Rs 54,000 and a grant of Rs 6,000 every month. While the company will provide a monthly allowance of Rs 6,000 from the CSR fund. The company will bear the cost of training. The Finance Ministry has said that wherever necessary, this scheme will be linked to the related initiatives of the state governments.
These people will be disqualified
Candidates who have passed out from IIT, IIM, IISER or have a degree like CA or CMA will not be eligible for this scheme. If any member of the family is a government employee or comes under the purview of income tax, then the benefit of the internship scheme will not be available.
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