PM Internship Scheme: About 6.21 lakh applications have been received for 1.27 lakh opportunities under the PM Internship Scheme and the selection process is underway. The government gave this information on Sunday. Announced in the Union Budget for the current financial year 2024-25, this scheme aims to provide internship opportunities to one crore youth in top 500 companies in five years.
The pilot project of this scheme, launched on October 3, aims to provide 1.25 lakh internship opportunities during 2024-25. The Ministry of Corporate Affairs said in a statement on Sunday that around 6.21 lakh applications have been received for 1.27 lakh internship opportunities. ‘The selection process for internship is going on.’ Partner companies have posted around 1.27 lakh opportunities on the internship scheme portal.
How much monthly financial assistance will interns get?
The statement said that around 4.87 lakh persons have completed their KYC and have registered themselves on the portal. Under this scheme, interns will be given monthly financial assistance of Rs 5,000 for 12 months and a lump sum grant of Rs 6,000. Referring to various initiatives taken this year, the ministry said that after considering the comments of the stakeholders and the recommendations of the committee appointed by the ministry, the framework governing cost records and audit will be amended.
14 percent increase in timely submission of examination reports
From FY 2023-24, the Ministry has issued regular advisories to companies to adhere to the prescribed deadlines for filing cost audit reports. “This initiative has led to a 14 per cent increase in timely submission of cost audit reports during 2023-24 as compared to the previous year,” the statement said.
