AI-Powered Internship Candidate Selection Program

AI-Powered Internship Candidate Selection Program

AI-Powered Internship Candidate Selection Program. The application for the internship scheme run by the Ministry of Corporate Affairs is likely to begin in mid-October. Then after that an impartial committee will select the applicants and then the companies can select the applicants from this list for the internship at their place. The committee may include government and industry representatives.

The Ministry of Corporate Affairs is engaged in finalizing the list of the top 500 companies based on their expenditure on corporate social responsibility during the last three years. Companies can join this scheme as per their wish. Candidates who are not eligible to apply, such as Certified Management Accountants, Chartered Accountants, and degree holders from the Indian Institute of Technology or Indian Institute of Management will be excluded while screening the applications.

If any member of the applicant’s family pays income tax or is a government employee, he or she will not be eligible for this scheme. The government aims to employ one crore youth in the top companies of the country through the internship scheme in the next 5 years. Give them a chance to make them skilled. The youth selected under the scheme will get 12 months of working experience in a real business environment and will be able to understand different professions. Under this scheme, they will get better employment opportunities.

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Initiation of the Internship Scheme

Let us tell you about the internship scheme the application process for this scheme is likely to start in the middle of October. In the first phase, eligible candidates for this scheme will selected through artificial intelligence (AI).

After that, an impartial committee will select the applicants and then the companies will apply from this list for internships at their place. This committee will also include government and industry representatives. The Ministry of Corporate Affairs has been busy finalizing the list of the top 500 companies based on the expenditure on corporate social responsibility for the last three years.

Companies can join this scheme through their choice. Degree holders will excluded from the internship scheme. If any member of the applicant’s family pays income tax or is a government employee, he will also not be eligible for the internship scheme. Companies will be part of the internship scheme only if they are willing.

The internship scheme will be voluntary for the companies so that those who are unemployed can take up their employment by qualifying in the internship scheme. They can complete all their household responsibilities by taking employment in the internship scheme.

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How much stipend will given?

Let us tell you about the stipend of the internship scheme when the candidates apply for the internship, the committee will shortlist the applications and send them to the companies. Applications will sent from 2 candidates for each vacancy in the internship scheme.

After that, the companies can select or reject the applicants according to their needs. The government aims to make one crore youth skilled in the next 5 years by giving them a job opportunity in the top companies of the country through the internship scheme.

The youth selected under the internship scheme will get 12 months of working experience in a real business environment and will be able to understand different professions. This will give them better employment opportunities.

The Center will provide a stipend of Rs 5,000 per month to such candidates. Apart from this, one-time financial assistance of 6 thousand rupees will also be provided. The companies will also have to bear the cost of training themselves and they can take 10% of the total cost of the internship from the CSR fund.

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Which Companies Will Be Part of This Scheme?

Let us tell you about the companies that can be part of the internship scheme. All companies can join this scheme as per their wish. So that they participate voluntarily and there is no pressure on them. The company will participate willingly so that the company will develop more and more. The government aims to make one crore youth skilled by giving them job opportunities in the top companies of the country through the internship scheme in the next 5 years. In case they will become part of this scheme when they are ready.

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Eligibility Criteria for this Scheme

Eligibility for the Internship Scheme Let us tell you that those persons who are educated and unemployed can be eligible for this Internship Scheme. While screening the applications, the candidates who are not eligible to apply, such as Indian Institute Persons having degrees from Tut of Technology, Certified Management Accountants, Chartered Accountants, or Indian Institute of Management will excluded.

If any member of the applicant’s family pays income tax or is a government employee, he will also not be eligible for this scheme. When the candidates apply for the internship, the committee will shortlist the applications and send them to the companies. Applications will sent from 2 candidates for each post of intern. Let us tell you about this scheme after that the companies can select or reject the applicants as per their requirements.