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Under the Prime Minister’s Internship Scheme launched in October 2024, candidates will receive a monthly stipend of what amount for the full 12-month internship period?
₹1,500
₹5,000
₹6,500
₹2,000
₹5,000
PM Internship Scheme launched in October 2024 offers ₹5,000 monthly stipend to eligible youth
The Government of India launched the Prime Minister's Internship Scheme (PMIS) in October 2024 as announced in the Union Budget 2024-25. Managed by the Ministry of Corporate Affairs, the initiative aims to offer 1 crore internship opportunities in India's top 500 companies over a five-year period. It is designed to bridge the gap between academic learning and employability for non-working, non-studying youth aged 21 to 24.
The Ministry of Corporate Affairs (MCA) oversees corporate regulatory frameworks under the Companies Act, 2013, and acts as the nodal implementing ministry for the PM Internship Scheme through a centralized tech portal. Corporate Social Responsibility (CSR) obligations under Section 135 of the Companies Act, 2013 enable major corporates to participate in national skill-building projects.
Monthly Stipend: ₹5,000 (₹4,500 by Govt + ₹500 by company CSR)
One-time Incidentals Assistance: ₹6,000 provided by Government
Duration: Up to 12 months in top 500 partner companies
Target Target Group: 1 Crore youth over 5 years aged 21 to 24
B is correct — Selected candidates under the Prime Minister's Internship Scheme receive a monthly stipend of ₹5,000 along with a one-time grant of ₹6,000.
Remember the 5-5-5 rule for PMIS: Target of 1 Crore youth over 5 years in top 500 companies with a monthly stipend of ₹5,000!
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