 "The Ministry of Corporate Affairs (MCA) is likely to open the internship scheme for applicants in mid-October, according to people in the know. The first round of shortlisting of candidates will be conducted using artificial intelligence (AI), they s")
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Illustration: Ajay Mohanty
The Union government has started rolling out one of the most discussed announcements of the first full Budget of the third Narendra Modi government. Union Finance Minister Nirmala Sitharaman had announced in her July 23 Budget speech the government would launch a scheme to provide internship opportunities to 10 million youths in the top 500 companies in five years. This will help young people looking for employment to gain exposure to real-life business environments in different areas for a year. Selected candidates will be provided an allowance of Rs 5,000 per month along with a one-time assistance
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