ANNOUNCED 2024YOUTH / EMPLOYMENT

PM Internship Scheme

Paid internships for youth in India's top companies — bridging skills and real-world work experience.

⬢ Quick Snapshot

📅
Announced
Union Budget 2024-25
🎯
Target
1 crore youth over 5 years
💰
Stipend
₹5,000 / month (₹4,500 govt + ₹500 company)
🎁
One-time Grant
₹6,000 on joining
🏢
Where
Top 500 companies (CSR-linked)
👤
Age
21–24 years

The PM Internship Scheme was announced in the Union Budget 2024-25 to provide internship opportunities to one crore young people in India's top 500 companies over five years. The scheme aims to give youth real-life business exposure, enhance their employability, and bridge the gap between academic learning and industry requirements through paid internships of 12 months.

🎯 Key Objectives

  • Provide one crore youth with internships in top companies over five years
  • Give real-world business and work exposure to young people
  • Improve employability and skills of India's youth
  • Bridge the gap between education and industry needs

🛠️ How It Works

1
Eligible youth (21–24 yrs) register on the scheme portal.
2
Candidates are matched with internships in top 500 companies.
3
12-month internship with monthly stipend & one-time grant.
4
Real on-the-job exposure improves future employability.

📊 Key Facts

Announced In
Union Budget 2024-25
Duration
12-month internship
Monthly Stipend
₹5,000 (₹4,500 govt + ₹500 company)
One-time Grant
₹6,000
Eligibility
Age 21–24, not in full-time job/education
Companies
Top 500 companies (CSR spend basis)
⚡ Exam Quick-Revision: Announced Budget 2024-25 · 1 crore youth in 5 years · stipend ₹5,000/month · ₹6,000 one-time grant · top 500 companies · age 21–24.

📝 Practice MCQs

5 questions · correct answer highlighted in green

Q1The PM Internship Scheme was announced in which budget?
ABudget 2022-23
BBudget 2023-24
CBudget 2024-25 ✓
DBudget 2025-26
Q2The PM Internship Scheme targets internships for how many youth?
A10 lakh
B50 lakh
C1 crore ✓
D5 crore
Q3The monthly stipend under the scheme is approximately:
A₹2,000
B₹5,000 ✓
C₹10,000
D₹15,000
Q4Internships are offered primarily in:
AGovernment departments only
BTop 500 companies ✓
CForeign companies
DBanks only
Q5The eligible age group for the PM Internship Scheme is:
A18–21 years
B21–24 years ✓
C25–30 years
D30–35 years