weather_iconAshburn | 0.07 °C | AQI 11
Thursday, 6 February, 2025

---Advertisement---

Business

More Than 80% of India Inc Supports PM’s Internship Scheme 2024, Aligning CSR Initiatives: Report

The Internship Scheme which was brought in the Union Budget for 2024-25, requires the top 500 organizations to give internship opportunity to the one crore youth in the upcoming five years.

The report released on Thursday stats that, more that 81% of the India Inc supports the PM’s Internship scheme 2024. This encourages the corporations to integrate their CSR initiative through their program.

The Internship Scheme which was brought in the Union Budget for 2024-25, requires the top 500 organizations to give internship opportunity to the one crore youth in the upcoming five years. Every youth working as the intern will be getting the stipend of Rs 5000. The organizations or the companies are permitted to use the CSR funds for giving stipend and the training expenses.

---Advertisement---

The reports is on the basis of insight of 932 companies. According to the reports, for maximizing the effect, 32.43% of the organizations or companies showed their preference for the collaboration with the universities and the corporates. This shows the role of partnership in filling the gap between the industry and institutions.

As per the report, majority of respondents (73%) believed that short-to medium term internship which is in between 1-6 months are good for balancing the skill development program effectively.

---Advertisement---

The reports mentions that, more than 54% of the companies or the organizations expect a measurable social return on Investment from this internship which is CSR focused in with in 1 to 2 years. Apart from this, more than 76% of the companies are focusing on tech roles in their internship programs. Showing the focus of industry on the digitally skilled people.

According to the report, around 73% of companies plans to take at least 10% of their interns into full time employees, once they complete their programme.

As quoted by Economic Times, TeamLease EdTech Founder and CEO Shantanu Rooj mentioned that, “The PM Internship Scheme showcases the impact of public-private partnerships in addressing workforce challenges. With the majority of companies focusing on tech roles and committing to meaningful absorption rates, we’re witnessing a strategic transformation that goes beyond traditional CSR. This initiative is effectively creating a sustainable talent pipeline while addressing India’s critical employability challenges.”

Also Read: Wipro Logs Over 24% Increase In Net Profits In Oct-Dec Quarter, Revenue Rises Marginally

HISTORY

Written By

Astitva Raj


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

India Vs England 1st ODI Live Scores & Updates: Ravindra Jadeja & Harshit Rana Bowled Out England For 248!

Feb 06, 2025
IND vs ENG 1st ODI
  • 16:56 (IST) 6 Feb 2025

    India vs England: OUT!!!! England all out for 248!

N24 Shorts Logo

SHORTS

Photo Credit: BCCI Photo
Sports

India vs England: Harshit Rana Sets Unique Record No Other Indian Bowler Has Achieved – You Won’t Believe It!

By taking 3 wickets in ODI debut, a great record has also been registered in his name and he has become the first Indian player to do such a feat.

View All Shorts

---Advertisement---

Trending