JOBS-CAREER
Within six days of the launch of the PM internship scheme by finance minister Nirmala Sitharaman, almost 50,000 internship opportunities have been posted by 130 companies on the centralised portal dedicated for the scheme till Wednesday, sources in the ministry of corporate affairs said. The number of internship opportunities posted by the companies have jumped three times from around 16,000 on October 7 to 50,000 on Wednesday, the sources added. So far, major private sector companies such as Eicher Motors , Larsen & Toubro, Mahindra & Mahindra, Tech Mahindra, Bajaj Finance , Jubilant FoodWorks , Muthoot Finance, and others have shown interest in taking interns through the government-run scheme. As per the scheme, the internship opportunities are available across 22 key industries with oil & gas and energy sectors having the highest share followed by automotive, banking & financial services, infrastructure & construction, manufacturing & industrial, aviation and defence. In the FY25 Budget, the FM had announced the internship scheme that aims to generate internship opportunities for 10 million people across top 500 companies (based on CSR spending) over the next five years. In the pilot phase though, the target is to give 125,000 internships at a total cost of Rs 800 crore for FY25. Under the scheme, a monthly stipend of Rs 4,500 will be given by the government to each intern via direct benefit transfer (DBT), while an additional amount of Rs 500 will be provided by the participating companies from their corporate social responsibility (CSR) funds. In addition, the firms can offset the training and administrative costs associated with the scheme from their CSR funds. At the moment, the opportunities are available in 20 areas, including operations management, production, manufacturing, sales, marketing, maintenance, etc. The centralised portal will be opened for the candidates on October 12 where they will be allowed to apply for these posts. None
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