Prime Minister's Internship Scheme (PMIS) aims to provide _____ crore young Indians with 12-month paid internships in the nation's top companies over the next five years.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1: 1
Explanation:-
- Prime Minister Internship Scheme (PMIS): The goal of this scheme is to provide 12-month paid internships to 1 crore young Indians in the country's top 500 companies over the next five years.
- Budget 2024 Announcement: This scheme was announced by Union Finance Minister Nirmala Sitharaman during the 2024-25 Budget.
- Top Companies: It involves the country's top 500 companies (selected based on CSR funds).
- Duration and Stipend: The internship duration will be 12 months. Under this scheme, youth will receive a monthly stipend of ₹5,000 (₹4,500 from the government and ₹500 from the company via its CSR fund). Additionally, a one-time assistance amount of ₹6,000 will be provided.
- Objective: To provide youth with practical work experience and enhance their employability.
Eligibility Criteria:-
- Age Limit: The applicant's age must be between 21 and 24 years.
- Educational Qualification: Holders of High School, Intermediate, ITI, Polytechnic, or Graduate degrees are eligible.
- Ineligibility: Individuals are ineligible if any family member is a government employee or if the family income exceeds ₹8 lakh. Additionally, students from premier institutions like IITs, IIMs, or those pursuing CA are not eligible.
- Important questions for upcoming exams:
Question: What is the total monthly stipend provided under the Prime Minister Internship Scheme?
Answer: ₹5,000.
Question: Over how many years does the scheme aim to cover 1 crore youth?
Answer: 5 years.
Question: How many top companies have been selected to provide the internships?
Answer: 500.