The Ministry of Corporate Affairs (MCA) is likely to bring out a list of 500 companies that can participate in the Centre's internship scheme, based on the average annual corporate social responsibility (CSR) expenditure of the previous three years, according to people in the know.
The scheme was announced by Union Finance Minister Nirmala Sitharaman during the Budget 2024-25.
The MCA will operationalise the internship scheme portal by the end of this month, when the companies would submit the details of the internship positions available with them, sources said.
Applications for the scheme will go through the online portal.
Companies, sources said, would not have direct access to the candidates. Once the candidates have applied for these internships, an MCA panel will select and forward the applications to the companies -- two for every single position.
The companies can then select or reject the candidates based on their requirements, sources said.
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Changes in policy terms must be conveyed
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Nifty falls to near 5-month low
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BITING THE BULLET
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