News

Union Budget 2024: Top 500 Companies to Bear Cost of ₹5,000 Stipend for 1 Crore Internships

In a significant move to boost youth employment and skill development, Finance Minister Nirmala Sitharaman has announced in the Union Budget 2024 that the top 500 companies will bear the cost of ₹5,000 stipend for 1 crore internships. This initiative aims to provide hands-on experience to young individuals, enabling them to acquire industry-specific skills and become job-ready.

The program is designed to benefit both the interns and the companies, as it will provide a steady supply of skilled workforce to the industry. The government has identified the top 500 companies, which will participate in this initiative and provide stipends to the interns.

FAQs

Q1. Who will bear the cost of the stipend for the internships?

A. The companies will bear the cost of the stipend.

Q2. How many internships will be provided under the program?

A. 1 crore internships will be provided.

Q3. What is the stipend amount for each intern?

A. 5,000 will be provided as a stipend to each intern.

Tirri Venkat Vinod

Share
Published by
Tirri Venkat Vinod

Recent Posts

Bitcoin Price news (BTC): Trump’s Trade War Threat Sends Bitcoin Sliding as Market Jitters Return

Bitcoin Price Today: The president Friday morning threatened an imminent 50% tariff on all EU…

1 week ago

Thoppi amma Biodata : Family details, birthplace and more

Thoppi Amma, also known as Toppi Amma or the "Hat Mother," is a revered yet…

2 weeks ago

The Story of Thoppi Amma : Between Mystic and Mystery

In the sacred streets of Tiruvannamalai, amidst the chants of devotees and the serene presence…

2 weeks ago

Kohli Retirement: BGT loss Forced Kohli, Rohit to Retire from Tests

Pat Cummins led Australia to a historic victory in the 2024-25 Border-Gavaskar Trophy (BGT), reclaiming…

3 weeks ago

Indian Army Launches Major Attacks on Peshawar and Karachi Port

In a significant escalation of tensions between India and Pakistan, the Indian Army has launched…

3 weeks ago

Historic Election: Cardinal Robert Francis Prevost Becomes First American Pope Leo XIV

In a historic moment for the Roman Catholic Church, Cardinal Robert Francis Prevost has been…

3 weeks ago