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.
Can Donald Trump Succeed this time prevailing World Peace? 📍 Washington, D.C. | August 18,…
Thoyaka Jagadeeswari, the newly elected MLA of Kurupam (ST) constituency, is also serving as the…
The YSR Congress Party (YSRCP) recently appointed Katari Aravinda Yadav as the in-charge for the…
The Kandukur TDP in-charge is Inturi Nageswara Rao, a rising leader in Andhra Pradesh politics.…
In Ongole politics, the Telugu Desam Party (TDP) plays a strong role with Damacharla Janardhana…
The current Ongole YSRCP Assembly in-charge is Chunduru Ravi (Chunduri Ravi Babu). He plays a…