Prime Minister’s Internship Scheme Context: While the PM Internship Scheme’s pilot project has exceeded its target of providing 1.25 lakh internship opportunities in a year, it has found few takers among India’s youth, data presented to Parliament show. About PM Internship Scheme Announced in Budget 2024-25 as part of the Prime Minister’s Package for Employment and Skilling. Aim: To provide 1 crore youth with hands-on work experience in top 500 companies over five years, enhancing employability and skill development. Managed by: Managed through an online portal by the Ministry of Corporate Affairs (MCA). Budget: ₹2 lakh crore overall, with ₹2,000 crore allocated for the fiscal year 2024-25. Criteria: Youth aged 21-24 who are not in full-time employment or education. Must hold qualifications like high school diplomas, ITI certificates, or graduate degrees (e.g., B.A., B.Sc., B.Com). Excludes candidates from IITs, IIMs, and those holding advanced degrees (e.g., MBA, CA). Features: 12-month internships with a stipend of ₹5,000 (₹4,500 from the government, ₹500 from companies). Interns are insured under government schemes like PM Jeevan Jyoti Bima Yojana. A one-time ₹6,000 grant for incidentals. Multilingual helpline and grievance redressal system. Rooftop Solar Power Generation Scheme Asian Development Bank will provide Rs 5,780 crore loan to India for rooftop solar power generation. Objective: To accelerate the implementation of solar power generation projects on rooftops of houses and buildings. To promote the Prime Minister's Solar Power Generation Scheme. Target: By 2027, 1 crore (10 million) households will be able to generate electricity at low cost. National Target: Will help achieve India's target of generating 30 gigawatts of electricity through rooftop solar panels.
