About 6.5 lakh applications are received for PM’s Internship Scheme pilot project.

• The PM Internship Scheme in Top Companies (Scheme) pilot project has attracted 6.5 lakh youth applications as of Friday.
• The project aims to provide on-the-job training to one crore people over five years.
• The number of applications does not equate to the number of individual applicants as every applicant can apply for five different internships.
• The scheme has attracted internship offers from 280 major firms such as Tata Steel, ITC Limited, ICICI Bank, and the Mahindra Group.
• The deadline for applications was extended from November 10 to November 15 to provide more time for applicants.
• Unemployed youth between 21 and 24 years of age, who do not have a family member earning over ₹8 lakh per annum, are eligible for the scheme.
• The selection process will begin from companies that have signed up for the scheme.
• The scheme offers internships across States and Union Territories, with the highest being in Maharashtra at 14,694.
• Companies will pay ₹500 per month from their CSR funds, followed by a direct benefit transfer of ₹4,500 to the intern’s Aadhaarseeded bank account.
• A one-time grant of ₹6,000 for incidental expenses would be provided to an intern upon joining.