PM Internship Scheme 2024 — ₹5,000/Month for Youth: Government-facilitated 12-month internship at India's top 500 companies with ₹5,000/month stipend and ₹6,000 one-time grant — targeting 1 crore youth over 5 years.Stipend: ₹5,000/mo. Target: 1 Cr youth. Duration: 12 months. Companies: Top 500.PM Internship Scheme was announced in the Union Budget 2024-25 to address India's youth unemployment crisis. Under this scheme, 1 crore young Indians aged 21-24 will be offered 12-month internship opportunities at India's top 500 companies by market capitalization.
Active SchemeUpdated: March 2026
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PM Internship Scheme 2024 — ₹5,000/Month for Youth
Government-facilitated 12-month internship at India's top 500 companies with ₹5,000/month stipend and ₹6,000 one-time grant — targeting 1 crore youth over 5 years
📖What is PM Internship Scheme 2024 — ₹5,000/Month for Youth?
PM Internship Scheme was announced in the Union Budget 2024-25 to address India's youth unemployment crisis. Under this scheme, 1 crore young Indians aged 21-24 will be offered 12-month internship opportunities at India's top 500 companies by market capitalization.
Each intern receives: ₹5,000/month stipend (₹4,500 from government + ₹500 from company) and a one-time grant of ₹6,000 for incidentals. The scheme gives youth real corporate experience, industry-relevant skills, and a significant line on their resume.
Eligibility: Age 21-24 years. Not employed full-time. Not a full-time student at the time of internship. Family income below ₹8 lakh per year. Not from families where any member is a government employee. Graduates and diploma holders from any stream are eligible.
Companies choose interns through the portal. Internship domains include: IT, manufacturing, retail, healthcare, finance, logistics, and more. After 12 months, companies are encouraged (but not mandated) to offer full-time employment to high-performing interns.