November 25, 2024 08:29 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Maharashtra Elections: Mahayuti's newly-elected MLAs to select CM in key meeting on Monday | Mahayuti routs MVA in Maharashtra, INDIA retains Jharkhand; Priyanka's triumphant poll debut | How can Mahayuti win over 200 seats? Sanjay Raut cries foul over Maharashtra mandate | 'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024
Union Budget announces paid internship for 1 crore youth in top 500 companies
UnionBudget2024
Photo Courtesy: PIB

Union Budget announces paid internship for 1 crore youth in top 500 companies

| @indiablooms | 23 Jul 2024, 01:19 pm

With an eye on skilling and employment generation, the Modi government will launch a comprehensive scheme for providing internship opportunities for youths in top companies. This will be the 5th scheme under the Prime Minister’s package.

While presenting the Union Budget 2024-25 in Parliament Tuesday,  Union Finance Minister Nirmala Sitharaman announced that the scheme will provide internship opportunities  in 500 top companies to one crore youth in 5 years. They will gain exposure for 12 months to real-life business environments, varied professions and employment opportunities, she said.

An internship allowance of Rs 5,000 per month along with a one-time assistance of Rs 6,000 will be provided to the youth.

Companies will be expected to bear the training cost and 10 percent of the internship cost from their CSR funds, the Finance Minister added. 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.