PM Internship Scheme created a stir! 1.27 lakh youth will get opportunity, more than 6 lakh applications received

PM Internship Scheme: About 6.21 lakh applications have been received for 1.27 lakh alternatives below the PM Internship Scheme and the choice course of is underway. The authorities gave this info on Sunday. Announced within the Union Budget for the present monetary yr 2024-25, this scheme goals to supply internship alternatives to 1 crore youth in prime 500 firms in 5 years.

The pilot mission of this scheme, launched on October 3, goals to supply 1.25 lakh internship alternatives throughout 2024-25. About 6.21 lakh applications have been received for 1.27 lakh internship alternatives, the Corporate Affairs Ministry stated in a assertion on Sunday. ‘The choice course of for internship is happening.’ Partner firms have posted round 1.27 lakh alternatives on the internship scheme portal.

How a lot month-to-month monetary help will interns get?

The assertion stated that round 4.87 lakh individuals have accomplished their KYC and have registered themselves on the portal. Under this scheme, interns will be given month-to-month monetary help of Rs 5,000 for 12 months and a lump sum grant of Rs 6,000. Referring to varied initiatives taken this yr, the Ministry stated that the framework governing price data and audit will be amended after contemplating the feedback of the stakeholders and the suggestions of the committee appointed by the Ministry.

14 % enhance in well timed submission of examination studies

From FY 2023-24 onwards, the Ministry has issued common advisories to firms to stick to the prescribed deadlines for submitting price audit studies. “This initiative has led to a 14 per cent increase in timely submission of cost audit reports during 2023-24 as compared to the previous year,” the assertion stated.

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