Miscellaneous Schemes under Ministry of Corporate Affairs
PM Internship Scheme
Purpose
To provide one crore young Indians with valuable internship opportunities over five years in India’s top 500 companies.
Key Features
- Duration: 12 months of real-life experience in leading firms.
- Financial Benefits:
- ₹5,000 monthly stipend (₹500 from the government, ₹4,500 from the company).
- ₹6,000 one-time grant for incidentals.
- Insurance: Coverage under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.
Eligibility
- Age: 21–24 years.
- Not in full-time education/employment.
- Qualifications: High school, ITI, Polytechnic Diploma, or degrees like BA, BSc, BCom, BBA, BPharma, etc.
- Not Eligible: Graduates from IITs, IIMs, NLUs, ISERs, NIDs, and IIITs.
- Distance/online learners are eligible.
👉 The scheme is about career growth + skilling youth + bridging education-employment gap.
MCA21 Project
Purpose
A flagship e-Governance Mission Mode Project under the National e-Governance Plan.
Aim
To achieve inter-operability with the National e-Governance Services Delivery Gateway (NSDG) and fully automate processes related to corporate law.
Key Features
- First Mission Mode project of the Government.
- Simplifies compliance under Companies Act, 1956.
- Ensures easy and secure access to MCA (Ministry of Corporate Affairs) services for:
- Companies
- Professionals
- General public
- MCA 3.0 → Introduced new modules like:
- e-Adjudication
- e-Consultation
- Compliance Management
👉 This is the government’s step towards a paperless, transparent, and digitally efficient corporate regulation system.
Independent Director’s Databank
Purpose
To strengthen corporate governance by building the capacity of Independent Directors in India.
Features
- A comprehensive repository of:
- Existing Independent Directors.
- Eligible individuals who can be appointed as Independent Directors.
- Mandatory Registration: All Independent Directors must register themselves.
- Companies’ Role: Companies can search, select, and connect with potential Independent Directors through this databank.
👉 In essence, this databank creates a transparent talent pool of directors, ensuring accountability and better governance in corporate India.