The Indian government, in partnership with leading industries, is set to launch a one-year internship program for individuals aged 21 to 24. This initiative, a key component of the Prime Minister's package for Employment and Skilling, aims to provide valuable hands-on experience at top companies across the country.
The internship program, announced in the recent Union Budget, will offer opportunities to young graduates to gain practical exposure in various fields. A dedicated internship portal will be launched on October 3, allowing candidates to directly apply for positions. Companies will upload their internship openings, and applicants can submit their applications starting October 12.
The scheme is part of a broader effort to provide skill training to over one crore youth in India over the next five years. By participating in this program, young individuals, especially those with limited access to higher education or specialised training, will have a better chance of securing employment.
As per the details, the interns will receive a stipend of Rs 4,500 per month through direct benefit transfer (DBT), while companies will contribute an additional Rs 500 from their corporate social responsibility (CSR) funds. Eligible companies have been selected based on their average CSR spending over the past three years.
The internship program requires participants to spend six months in a real-world work environment, going beyond traditional classroom learning. Companies have the flexibility to partner with their supply chain associates or other institutions to enhance the internship experience.
To be eligible for the program, candidates must be between the ages of 21 and 24 and must not be currently employed full-time. The selection process for the internship program will involve a backend bot to shortlist candidates, followed by a review and selection by the participating companies. This approach aims to ensure a fair and transparent selection process.
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