The Indian government is set to launch a new internship scheme aimed at providing opportunities for one crore youth over the next five years, targeting internships in the top 500 companies. Announced during the Union Budget 2024 presentation by Finance Minister Nirmala Sitharaman, this initiative will offer valuable real-world business exposure for a duration of 12 months
Source:- bbc news
Eligibility for the internship program is primarily focused on youth, although specific educational qualifications or age limits have not been detailed in the announcement. However, the intent is to engage young individuals, particularly those who may not have had access to previous government internship initiatives
Source:- bbc news
Interns will receive a monthly stipend of ₹5,000 and a one-time assistance of ₹6,000 to support their experience
This initiative is part of a broader strategy to enhance employability and skill development among India’s youth, which includes partnerships with industries and state governments
Companies participating in the program will cover training costs through their corporate social responsibility (CSR) budgets, ensuring that financial barriers do not limit access to these opportunities(
The launch of this scheme reflects the government’s commitment to addressing youth unemployment and fostering a skilled workforce, essential for India’s
For further details, you can refer to the full announcements from the Budget 2024 discussions.
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