The number of applications till date for the Prime Minister’s Internship Scheme is nearly five times more than the 1.27-lakh internship opportunities on offer.
"As on date (November 25), 1.27 lakh Internship Opportunities have been posted by companies. Against these approximately 6.21 lakh applications have been received and selection process by the companies is ongoing," the corporate affairs ministry said in a written response in the lower house of the Parliament.
The Prime Minister’s Internship Scheme announced in the Budget 2024-25,
aims to provide internship opportunities to one crore youth in top 500 companies
for a period of five years.
The Ministry of Corporate Affairs launched a Pilot Project for the scheme on October 3, 2024, which is targeted to provide internship opportunities to 1.25 lakh youth in 2024-25.
The portal was opened for registrations from October 12 to November 15, 2024; a total of 4.87 lakh eligible applicants completed their KYC and registered themselves during this time period.
"An amount of Rs 2,000 crore was allocated in the Budget for 2024-25. An amount of Rs 6.04 crores have been spent till November 20, 2024," as per the response.
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