PM Internship Scheme
The government has a program to help young people get work experience through internships. Finance Minister Nirmala Sitharaman opened the very first special office for this program in Kolkata on May 1st. She said this office is like a helpful guide for young people who want to do internships.
This office will basically hold their hand through the whole process. It will help them:
- Find internships: Connect them with companies offering internships.
- Apply for internships: Guide them on how to fill out applications and prepare.
- Understand internships: Explain what to expect and how to make the most of the experience.
- Plan their future: Help them think about what kind of career they want after the internship.
So, it’s like a support center that makes it easier for young people to find and complete internships, which will hopefully help them get good jobs later on.
The Finance Minister also said that the big idea behind this PM Internship Scheme is to make sure everyone, no matter where they come from, gets a fair chance to learn new skills and get better at what they do.
She believes that if everyone works together – the government, companies, and young people themselves – it will help young people become more capable, make our workforce stronger, and make the country’s economy grow in a way that benefits everyone.
Basically, they want to make sure that getting skills and opportunities isn’t just for some people, but for all young people, so everyone can contribute to the country’s progress.
The Finance Minister also pointed out that the world is changing very quickly right now. Because of this, she strongly believes that the best way for India to have a strong economy that can bounce back from challenges is to make things better and more efficient right here at home, and to make Indian businesses more able to compete with others around the world.
She also mentioned that this new PM Internship Scheme center in Kolkata is located in a building called Corporate Bhawan and that it was created with the help of a big industry group called the Confederation of Indian Industry (CII). So, it’s a joint effort between the government and businesses.
So, this first center in Kolkata is just the beginning! The government plans to open more of these helpful centers all over India. These centers aren’t just for the young people looking for internships; they’ll also help the companies that have joined this program.
This whole PM Internship Scheme was actually announced during the budget plans for the financial year starting in 2025 (FY26). The big goal is to get around 10 million young people doing internships in big, well-known companies over the next five years.
In the very first go-round of this scheme, even though 82,077 internship offers were made, 28,141 young people actually accepted those offers. So, it’s a good start, and hopefully, more people will take advantage of these opportunities as the program grows.
The current financial year (FY25), the government had a goal to provide 125,000 internship opportunities. These internships would be in 500 companies that they partnered with. These companies were chosen because of how much money they’ve spent on good causes (Corporate Social Responsibility) over the past three years.
These internships aren’t just in one type of job either. They cover lots of different areas, like flying and making airplanes and weapons, cars, banks and money-related jobs, making chemicals, and the oil, gas, and energy industries.
The Finance Minister also said that the government is still working hard to make it easier to do business in India, to encourage people to start their own businesses, and to make sure that the organizations that oversee companies are fair and responsible.
The Finance Minister also mentioned that the government has been actively working on making it easier for businesses to operate in India and improving how companies are run. They’re doing this in several ways, like using digital technology, making the tax system simpler, and cutting down on unnecessary bureaucratic hurdles.
She specifically pointed out that these efforts to make things easier for businesses aren’t just for big companies but also for smaller businesses (MSMEs).
She further explained that the government’s plans, as shown in the budget, include creating a special high-level committee. This committee will focus on making regulations better to build trust in how the economy is managed. They’ll also be looking for big changes to make it even easier to do business, especially when it comes to things like inspections and following rules.
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