PM's Internship Scheme included in common theme for CPSEs CSR spend in FY25
Corporate Social Responsibility (CSR) funds. CPSEs have to spend 60 per cent of their CSR funds on the theme set for a particular year.
«We have added PM's Internship Scheme to 'Health and Nutrition' as the common theme for CSR activities by the CPSEs for 2024-25. CPSEs will spend 60 per cent of their CSR funds towards 'health and nutrition' and PM's Internship Scheme this fiscal,» an official told PTI.
The Ministry of Corporate Affairs, earlier this month, started enrolling companies as well as interns under the Prime Minister's Internship Scheme. Over five years, the scheme envisages providing internships to 1 crore youth.
Under the pilot project, which is estimated to cost around Rs 800 crore, the 12-month long internship will start on December 2 and expects to cover 1.25 lakh candidates in the current financial year ending March 2025.
The PM Internship Scheme was announced by Finance Minister Nirmala Sitharaman in her 2024-25 Budget. Under the scheme, top 500 companies will provide internship opportunities to youth within the age group of 21-24 years as well as provide life insurance coverage.
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