Akshata Sharma
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In a bid to provide jobs to the youth, Union Finance Minister Nirmala Sitharaman on Tuesday proposed to launch an ambitious scheme for providing internship opportunities in 500 top companies to 1 crore youth over a five-year period.
Under the scheme, an internship allowance of Rs 5,000 per month, along with a one-time assistance of Rs 6,000 will be provided to youths.
Notably, these youths will gain exposure for 12 months to real-life business environments, varied professions and employment opportunities.
She said that companies will bear the training cost and 10 per cent of the internship cost from their CSR (corporate social responsibility) funds.
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