❖ The Prime Minister’s Internship Scheme was launched on October 3.

❖ The PM Internship Scheme aims to provide internship opportunities to one crore youth in the top 500 companies over the next five years.

❖ It will enhance youth employability in India by offering them hands-on exposure to real-world business environments.

❖ The scheme represents a transformative opportunity to bridge the skills gap and drive sustainable growth in India.

❖ The scheme is to provide on-job training to youth and an exposure to real-life work environment.

❖ A monthly stipend of ₹4,500 will be provided to the interns from the central government via DBT (Direct Benefit transfer), with an additional ₹500 offset provided by the company’s CSR fund.

❖ The Candidates, aged between 21 and 24 years who are not engaged in full-time employment, are eligible for the one-year internship programme.