Page 4 - Internships

Govt rolls out scheme to provide 10 mn internship over five years

The government on Thursday rolled out the internship programme that will provide financial assistance of Rs 60,000 per annum to 1 crore youth over a period of five years. In 2024-25, the total cost of the pilot project will be around Rs 800 crore and will look to provide internship to 1.25 lakh candidates during this fiscal, government sources said on Thursday. Announced in the Union Budget 2024, the Prime Minister's Internship Scheme in Top Companies will also provide insurance coverage to the interns. The scheme will be implemented through an online portal developed by the corporate affairs ministry. Subject to certain conditions, youth aged between 21 and 24 years will be eligible for the scheme, the sources said. The internship programme will commence on December 2. Through the portal, the sources said, partner companies can offer internship opportunities and the top companies for the pilot project have been identified on the basis of the average of their CSR expenditure in t

Youth skilling boost: Govt, India Inc to launch internship scheme on Oct 3

With an overall outlay of Rs 2 trillion, this scheme aims to enhance the employability of young people, particularly those with limited access to higher education or specialised training

Centralised portal for internship scheme set to go live on October 3

Candidates can send applications from October 12

AI likely to draw up initial list for internship scheme in October

A 'neutral panel' to select a pool of applicants after AI-based shortlisting

Swiggy launches Project Next to offer career growth for delivery partners

By transitioning qualified delivery partners into the role of sales executives, Project Next aims to enhance restaurant expansion across over 150 growing markets

Internship woes: Unpaid opportunities, undefined hours hit emerging fields

Unlike medicine, where colleges and hospitals offer internships internally in most cases, students from the fields of media and law are left to the vagaries of the job market

BSmart HR Conclave: Need to make internship scheme mandatory, say experts

Automation, AI, and digitisation are not limited to a particular sector and while jobs have evolved, skillsets haven't

Apprenticeship scheme needs structure and monitoring to succeed: Experts

Hema Bajaj, Ruhie Pande, Amit Das, and Suryanarayan G Iyer speak with Business Standard's Nivedita Mookerji on Budget 2024's apprenticeship programme at BSmart HR Conclave

MCA likely to bring out internship scheme guidelines within two weeks

The MCA has held industry consultations on the scheme before finalising the guidelines. The ministry will also put in place checks and balances in the scheme to ensure transparency

Centre sets up team to implement internship scheme announced in Budget

The Union Ministry of Corporate Affairs is holding discussions with corporate HR leaders in Delhi and Mumbai to finalise the contours of the scheme

Internship scheme for youth: Govt starts discussions with industry

Officials said that the nitty gritty of the scheme will be prepared by the Ministry after the consultation process is over

Turn of the intern: Can India Inc absorb 10 million interns over 5 years?

Experts observe that the main challenge with the scheme lies in the absorption capacity of India Inc, rather than its financial impact on the companies' profit and loss accounts

'Internship scheme a complicated solution to a complicated issue': Fin secy

At 'Budget with BS: The Fine Print,' Finance Secretary TV Somanathan said companies costs for interns will be funded through their CSR budgets

10 mn youth to get internships at top companies over next 5 yrs: Mandaviya

Mandaviya applauded Union Budget and said that first budget under PM Modi's third term is aimed at increasing employment, supporting middle class, and boosting growth rate of country's economy

Budget 2024: Centre announces paid internship scheme in top 500 companies

Union Budget 2024: The announcement made by Nirmala Sitharaman was a part of the package aimed at boosting employment and enhancing India's skilling capacity

FM took leaf out of our Nyay Patra with its internship programme: Congress

The Congress on Tuesday said Finance Minister Nirmala Sitharaman has taken a leaf out of its 2024 Lok Sabha polls manifesto by announcing an internship programme but "in their trademark style", the scheme has been designed to "grab headlines with arbitrary targets" rather than a programmatic guarantee. In the Union Budget of 2024-25, Sitharaman announced that the government will launch a scheme to provide internship opportunities to 1 crore youth in 500 top companies over five years. Congress general secretary in-charge communications Jairam Ramesh said, "The Finance Minister has taken a leaf out of the INC's Nyay Patra 2024, with its internship program clearly modelled on the INC's proposed Apprenticeship Program that was called Pehli Naukri Pakki." "However, in their trademark style, the scheme has been designed to grab headlines, with arbitrary targets (1 crore internships) rather than a programmatic guarantee for all diploma holders and graduates, like the Indian National Congre

Offers getting revoked weeks before start date: Tesla interns after layoffs

Tesla Inc. is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in

National Career Service: How to look for jobs, learn new skills on portal

NCS links jobseekers, employers, counsellors and training providers, through Aadhaar-based authentication.

IIT Madras reports 19% rise in internship offers for 2023-24 batch

Texas Instruments , J P Morgan Chase, Dr Reddy's Laboratories among companies that made offers

XLRI achieves 100 per cent Summer Internship Placements for 2023

XLRI- Xavier School of Management received 100% summer internship placements for the 2023-25 batch for its flagship two-year programs i.e. PGDHRM and PG Diploma in Business Management