Prime Minister Internship Scheme: A New Era of Opportunities
On October 11, 2024, a senior official from the Ministry of Corporate Affairs announced a significant surge in internship opportunities on the Prime Minister Internship Scheme portal. As of this date, 90,849 opportunities have been posted, with the portal set to open for registration on October 12, 2024.
Participating Companies and Sectors
A total of 193 companies, including major private sector players like Jubilant Foodworks, Maruti Suzuki India, Eicher Motors Ltd, Larsen & Toubro Ltd, Muthoot Finance, and Reliance Industries, have posted internships. These opportunities span 24 sectors, with the Oil, Gas & Energy sector leading, followed by Travel & Hospitality, Automotives, and Banking and Financial Services.
Fields and Locations
Internships are available in over 20 fields such as Operations Management, Production & Manufacturing, Maintenance, and Sales & Marketing. The opportunities are distributed across 737 districts, covering all 37 States and Union Territories, ensuring accessibility nationwide.
Scheme Goals
The government launched the pilot phase of this ambitious scheme, aiming to provide one crore internship opportunities over the next five years. The top 500 companies are expected to offer 1.25 lakh internships during the fiscal year 2024-25.
Doubts Revealed
Prime Minister Internship Scheme -: This is a program launched by the Indian government to provide internship opportunities to students and young professionals. It aims to help them gain practical experience and skills by working with various companies.
Internship -: An internship is a temporary job that helps students or young professionals gain work experience in a particular field. It is like a training period where they learn by doing real work.
90,849 Opportunities -: This means there are 90,849 positions available for people to apply for internships. These are chances for students to work and learn in different companies.
193 companies -: These are the number of companies that are participating in the internship scheme. They are offering positions for students to work and learn with them.
Oil, Gas & Energy -: This is a sector or industry that deals with the production and distribution of oil, gas, and energy. It includes companies that work with fuel and power.
737 districts -: India is divided into areas called districts, and there are 737 of them. The internships are available in all these districts, meaning students from all over India can apply.
37 States and Union Territories -: India is made up of 28 states and 9 Union Territories. The internships are available in all these regions, covering the entire country.
One crore internships -: A crore is a unit in the Indian numbering system equal to ten million. The scheme aims to provide ten million internships over five years.
FY 2024-25 -: FY stands for Fiscal Year, which is a one-year period used for accounting and budget purposes. FY 2024-25 means the financial year starting in 2024 and ending in 2025.