New Delhi:

More than 90,800 internship opportunities have been offered by 193 companies so far on the portal for the Prime Minister Internship Scheme ahead of the commencement of registration of applicants from October 12, sources said on Friday.

Jubilant Foodworks, Maruti Suzuki India, Eicher Motor, Larsen & Toubro Ltd., Muthoot Finance and Reliance Industries are among the 193 companies that have offered the opportunities, they said.

The portal was opened on October 3 for companies to post the opportunities.

Under the scheme’s pilot project, which is estimated to cost around Rs 800 crore, internships will start on December 2. It is expected to cover 1.25 lakh candidates in the current financial year ending March 2025.

The sources at the corporate affairs ministry said the number of opportunities posted on the portal surged to 90,849 on October 11.

The opportunities are spread across 24 sectors. The maximum number of opportunities is in the oil, gas & energy sector followed by travel & hospitality, automotive, and banking and financial services, among others.

As per the sources, the opportunities are available in over 20 fields, including operations management, production & manufacturing, maintenance, sales & marketing.

In terms of geography, the sources said opportunities are available across 737 districts, spread over 36 States and Union Territories.

The scheme, announced in the Union Budget 2024, will be implemented through the online portal ‘www.pminternship.mca.gov.in’ developed by the corporate affairs ministry.

The government aims to provide internships for 1 crore candidates, in the age group of 21-24 years, over a period of 5 years.

An intern will receive monthly financial assistance of Rs 5,000 for 12 months and a one-time grant of Rs 6,000.

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 The PM Internship Scheme aims to provide internship opportunities to one crore youth in 500 top CSR spend companies in the next five years. Representational file image.
| Photo Credit: Reuters

The Confederation of Indian Industry (CII) on Tuesday (October 1, 2024) said it is working closely with the Ministry of Corporate Affairs (MCA) to facilitate the implementation of the Prime Minister’s Internship Scheme that was announced in the Budget.

The PM Internship Scheme aims to provide internship opportunities to one crore youth in 500 top CSR spend companies in the next five years.

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CII is acting as a critical facilitator between the government and the industry, ensuring the scheme’s effective rollout, the industry body stated.

The PM Internship Scheme will enhance youth employability in India by offering them hands-on exposure to real-world business environments.

The scheme will also benefit the industry by creating a pipeline of skilled, work-ready youth who can be employed post-internship both in large as well as micro, small and medium enterprise, CII stated.

The MCA has also launched a dedicated, user-centric portal for the scheme, which will serve as a centralised hub and a link between the companies and the aspiring interns, allowing smooth navigation of the scheme’s application and participation processes.

“With industries grappling with a growing talent shortage, the PM Internship Scheme provides a crucial bridge. By offering on-the-job training to youth, it will prepare them to meet the evolving Industry demands, while ensuring that businesses get access to a skilled and agile future workforce, fostering progress and innovation,” CII Director General Chandrajit Banerjee said.

“With internships for one crore youth across sectors, including Manufacturing and services, this scheme will cultivate a skilled workforce ready to take on future challenges,” stated Sanjiv Puri, President, CII and Chairman & Managing Director, ITC Ltd.