PM Internship Scheme

About PM internship scheme:

• PM Internship Scheme is a remarkable initiative launched by the Indian government, designed to provide valuable internship opportunities for the youth of India.
• It aims to bridge the gap between academic learning and real-world experience by offering internships across the top 500 companies.
• The pilot phase targets 1.25 lakh youth, with a five-year goal to facilitate internships for one crore young individuals.
• Through this Scheme, youth will gain exposure to real-life business environment, across varied professions and employment opportunities.
• Under this scheme, interns will be provided a monthly financial assistance of Rs 5,000 for 12 months and a one-time grant of Rs 6,000.
• Who is eligible for the scheme?
  • Candidates aged between 21 and 24 years and who are not engaged in full-time employment.
  • Internships are available to those who have passed class 10 or higher.
  • Individuals from families with government jobs are excluded.
  • It is not open to post-graduates.
  • A candidate who graduated from premier institutes such as IIT, IIM, or IISER, and those who have CA, or CMA qualification would not be eligible to apply for this internship.
  • Anyone from a household that includes a person who earned an income of Rs.8 lakh or more in 2023-24, will not be eligible.

Q1: What is CMA qualification?

The Certified Management Accountant (CMA) qualification is a globally recognized professional certification in management accounting. It focuses on financial management and strategic management, equipping professionals with skills to analyze financial data, make business decisions, and support organizational growth.

Source: TH