• UGI USER
  • Jul 30, 2024
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CENTRE’S INTERNSHIP SCHEME: INDUSTRY AND ACADEMIA VIEWPOINTS

Why in the news?

  • The new internship programme announced in the Union Budget by Finance Minister Nirmala Sitharaman is anticipated to benefit both sectors.
  • Debjani Ghosh (Nasscom) and B.V.R. Mohan Reddy (IIT-Roorkee & IIT-Hyderabad) praised the initiative as mutually advantageous for industry and academia.
  • Ghosh emphasised the importance of internships for sustainable growth, job creation, and skills development.
source:scribd

Scheme Details and Funding:

  • Exact details of the scheme are pending, but it is expected that the government will cover a significant portion of the cost.
  • Companies are required to fund 10% of the programme from their CSR funds.
  • Internships are viewed as strategic for skill development and talent acquisition.
About Prime Minister Internship Scheme:

  • Prime Minister Internship Scheme: Introduced to enhance job creation and skill development.
  • Union Budget (July 23): Announced by Finance Minister Nirmala Sitharaman.
  • Key Policies: Boost economic growth, launch new regimes, adjust tax slabs, and increase standard deduction rates.

PM Internship Scheme Eligibility Requirements

  • Age: 21-24 years.
  • Status: Not employed or engaged in full-time education.
  • Exclusions: Graduates from IITs, IIMs, IISERs are ineligible.
  • Purpose: Unpaid internships for real-world experience.
  • Goal: Enhance skills and employability of youth.