About the Scheme
PM Internship Scheme provides 12-month paid internships in India's top 500 companies for youth aged 21-24. Pilot launched Oct 3, 2024. Target: 1 crore internships over 5 years. Stipend: ₹5,000/month (₹4,500 government + ₹500 company CSR) plus ₹6,000 one-time grant. Administered by Ministry of Corporate Affairs via pminternship.mca.gov.in.
Target Beneficiaries: Indian youth aged 21-24; not employed full-time; family income <₹8 lakh; 1 crore over 5 years
Key Features
- 12-month internships in top 500 companies (selected by 3-year average CSR spend)
- Stipend: ₹5,000/month (₹4,500 govt + ₹500 company) + ₹6,000 one-time incidentals
- Insurance cover: PM Jeevan Jyoti Bima Yojana + PM Suraksha Bima Yojana
- Eligibility: Indians aged 21-24, not full-time employed/studying, family income <₹8 lakh/year
- Digital platform: pminternship.mca.gov.in for end-to-end management
- Sectors: IT, Banking, Oil & Gas, FMCG, Telecom, Infrastructure, Pharma, Auto, Agriculture
- Target: 1 crore internships over 5 years; Pilot FY2024-25: 1.25 lakh internships