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About 6.21 lakh applications have been received for 1.27 lakh opportunities under the Prime Minister's Internship Scheme and the selection process is continuing, the government said on Sunday.
ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for The scheme, announced in the 2024 Union Budget, aims to provide internship opportunities to 1 crore youth in top-500 companies over five years. A pilot project of the scheme, started on October 3, aims to provide 1.25 lakh internship opportunities during 2024-25.
In a release on Sunday, the corporate affairs ministry said approximately 6.21 lakh applications have been received against 1.27 lakh internship opportunities.
"The selection process for internship is ongoing." Partner companies have posted about 1.27 lakh internship opportunities on the internship scheme portal.
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While mentioning about various initiatives taken this year, the ministry said the framework governing cost record and audit will be amended after considering stakeholders' comments and recommendations of the ministry-appointed committee. From financial year 2023-24, the ministry has issued regular advisories to companies on adhering to the prescribed timelines for filing cost audit reports. "This initiative has led to a 14 per cent increase in the timely submission of cost audit reports during 2023-24 compared to the previous year," the release added.
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