♦ The Union Government launched the pilot phase of the Prime Minister’s Internship Scheme on 3 October 2024. It aims to provide internship opportunities to one crore youth in top 500 companies over five years. The scheme also aiming to offer 1.25 lakh internship opportunities during the fiscal year 2024-25. 

♦ The total cost of the pilot project will be Rs.800 crore and will be rolled out in seven districts of  Gujarat, Maharashtra, Uttarakhand, and Telangana.  

♦ It will be implemented through an online portal pminternship.mca.gov.in.

♦ The interns will be provided a financial assistance of Rs.5,000 per month and out of the total amount, Rs.4,500 will be disbursed by the government and Rs.500 will be paid by the company from its CSR funds.