Government has revised the Corporate Social Responsibility (CSR) guidelines for Central Public Sector Undertakings (CPSEs) for the current financial year. Now Pradhan Mantri Internship Scheme has been included as a common theme in the CSR of CPSEs. An officer gave this information. Presently the Central Public Sector Enterprises follow a theme-based approach in utilizing their Corporate Social Responsibility funds. CPSEs are required to spend 60 per cent of their CSR funds on a 'theme' prescribed for a particular year.
12 months internship will start from December 2
“We have added the Prime Minister Internship Scheme in ‘Health and Nutrition’ as the common theme for CSR activities by CPSEs for 2024-25,” an official said. CPSEs will spend 60 per cent of their CSR funds this financial year on 'Health and Nutrition' and the Prime Minister's Internship Scheme.” The Ministry of Corporate Affairs earlier this month invited companies to enroll as well as interns under the Prime Minister's Internship Scheme. is introduced. It is envisaged to provide internship to one crore youth under this scheme in five years. The 12-month internship under the pilot project will start from December 2. It is estimated to cost Rs 800 crore.
Target to connect 1.25 lakh youth
The target is to bring 1.25 lakh youth under it in the current financial year ending March 2025. The PM Internship Scheme was announced by Finance Minister Nirmala Sitharaman in her Budget 2024-25. Under this scheme, top 500 companies will provide internship opportunities to youth aged 21-24 years and will also provide life insurance protection. In addition to monthly financial assistance of Rs 5,000 for one year, a one-time grant of Rs 6,000 will be given to the interns. Monthly assistance will be Rs 4,500 by the government and Rs 500 by the company from its CSR fund. The official further said that as the private sector moves forward in providing internship opportunities, CPSEs will also be encouraged to join the scheme. Under the scheme, registration can be done on the portal till October 25 and the names of the applicants will be shortlisted on October 26. After this, candidates will be selected by the companies from October 27 to November 7. After this, the selected candidates will have time from 8th to 15th November to accept the offer. A maximum of three offers will be given to a candidate.
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