The Prime Minister’s Internship Scheme for Youth is a government initiative aimed at providing valuable internship opportunities to approximately 125,000 students from vulnerable sections of society. This program targets placements in the top 500 companies and offers a monthly stipend of ₹5,000, designed to enhance the employability of youth through practical work experience.
This internship scheme specifically focuses on individuals aged 21 to 24 years. It prioritizes candidates from marginalized communities, including Scheduled Castes (SC), Scheduled Tribes (ST), Other Backward Classes (OBC), and differently-abled individuals. This focus ensures that the most underrepresented groups in the job market have access to these valuable opportunities.
Interns participating in this scheme will receive a monthly stipend of ₹5,000. This amount includes a one-time assistance grant of ₹6,000 for incidental expenses. Of the ₹5,000 stipend, ₹4,500 is provided by the government, while the remaining ₹500 is contributed by the company, usually sourced from its Corporate Social Responsibility (CSR) funds.
It is essential to note that this internship does not guarantee a job at the company. However, it significantly boosts the employability of the interns by offering them practical work experience. Companies retain the discretion to hire interns as full-time employees based on their performance during the internship.
This initiative is currently a pilot project, with an ambitious aim to cover 10 million youth over the next five years. The estimated budget for this project stands at ₹800 crore, reflecting the government's commitment to enhancing youth employability and fostering economic growth.
To ensure transparency and efficiency, the financial assistance, which includes the monthly stipend and the one-time grant, will be directly transferred to the bank accounts of the interns. This approach not only simplifies the process but also guarantees that the funds reach the intended recipients without delays.
Q1. What is the main goal of the Prime Minister's Internship Scheme for Youth?
Answer: The main goal is to enhance the employability of marginalized youth by providing internships in top companies, offering practical work experience and financial support.
Q2. How much financial assistance is provided to interns?
Answer: Interns receive a monthly stipend of ₹5,000 along with a one-time grant of ₹6,000 for incidentals, ensuring substantial financial support during the internship.
Q3. Is there any guarantee of employment after the internship?
Answer: No, the internship does not guarantee a job, but it significantly improves employability through valuable work experience.
Q4. Who is eligible to apply for this internship scheme?
Answer: Individuals aged 21-24 from marginalized communities, including SC, ST, OBC, and differently-abled individuals, are eligible for this scheme.
Q5. How will the stipend be disbursed to the interns?
Answer: The stipend and assistance grant will be directly transferred to the bank accounts of the interns, ensuring a transparent and efficient process.
Question 1: What is the monthly stipend provided under the Prime Minister's Internship Scheme?
A) ₹3,000
B) ₹4,000
C) ₹5,000
D) ₹6,000
Correct Answer: C
Question 2: Which groups are prioritized in the internship scheme?
A) Urban youth
B) Marginalized communities
C) College graduates
D) None of the above
Correct Answer: B
Question 3: How many youth does the scheme aim to cover over five years?
A) 1 million
B) 5 million
C) 10 million
D) 15 million
Correct Answer: C
Question 4: From where is the company's contribution to the stipend typically sourced?
A) Direct funding
B) CSR funds
C) Government grants
D) Sponsorships
Correct Answer: B
Question 5: Is there a guarantee of job placement after the internship?
A) Yes
B) No
C) Only for top performers
D) Depends on the company
Correct Answer: B
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