Internship Scheme Of The Department Of Economic Affairs
State: Central
Ministry: Ministry Of Finance
Department: Department Of Economic Affairs
Category: Education & Learning
Beneficiary Type: Individual

The Internship Scheme aims to familiarise students with macro-economic policy formulation and economic research. Through this scheme, internship opportunities with token remuneration are provided to eligible Post Graduate and PhD students.

Benefits:
> **Internship Exposure:**

1. Exposure to macro-economic policy formulation and economic research.
1. Opportunity to work on issues related to capital markets, economic reforms, foreign investment, fiscal policy, debt management, infrastructure financing, and related sectors.

> **Token Remuneration:**

1. ₹10,000/- per month for Post Graduate interns.
1. ₹20,000/- per month for PhD interns.
1. Remuneration is payable after satisfactory completion of the internship and submission of the Report/Paper.

> **Office and Academic Support:**

1. Office space, computer facilities, and internet access are provided.
1. Interns are attached to Joint Secretaries, Directors, or the Office of the Chief/Principal Economic Adviser.

> **Certificate:** Certificate of Internship is issued after successful completion of the internship and submission of the Report/Paper.

> Validity: Internship duration is between 3 months and 5 months.

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Eligibility:
1. The applicant should be an outstanding candidate pursuing or having completed Post Graduation or Ph.D in Economics, Law, Finance, or Management.
   1. The applicant should belong to Universities/Institutions within the top 25 ranks as per the National Institutional Ranking Framework, Ministry of Human Resource Development, or International Institutes of repute.
   1. The applicant should be working on specific issues relating to:

  - Macro-economic issues
  - Management
  - Capital markets
  - Infrastructure policy
  - Climate finance
  - Financial and investment laws

&amp;gt; **Research Proposal Requirements:**

   1. The applicant should apply against specific research study opportunities.
   1. The applicant should indicate research interests and topics during the application process.

&amp;gt; **Duration Requirements:**

   1. The applicant should be available for an internship period of 3 months to 5 months.
   1. Preference may be given to applicants willing to stay for at least 4 months.

&amp;gt; **Preference / Priority**

   1. Preference may be given to candidates whose research proposals and competencies significantly match DEA requirements.
   1. Preference may be given to candidates willing to stay for at least 4 months.

&gt; **Other Conditions:**

  - The applicant should sign a Non-Disclosure Agreement before commencing work.
  - The applicant should take the internship seriously and invest sufficient effort.
  - The applicant may be relieved prematurely in case of insufficient effort or lack of interest.
  - The applicant may be required to work from home due to seating restrictions.
  - The applicant should follow COVID-19 precautions and protocols issued by the Department of Personnel and Training and the Ministry of Health and Family Welfare.

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Application Process:
[Online]
Step 1: The applicant needs to register on the MoF-DEA Internship Application Link of the Ministry of Finance.
Step 2: In the online application form, fill in all the mandatory fields: area of interest, duration of availability with dates and three Divisions of their interest, in order of preference, on which they would like to work during their internship.
NOTE 1: Details of business allocation to DEA and its Divisions are available on DEA's website. NOTE 2: Applications not received through the web portal will not be considered. NOTE 3: The only means of communication between the Department and candidates shall be by email.

Documents Required:
Passport Sized Photograph
Proof of Identity
Proof of Address
Proof of the Latest Educational Qualification (Passing Certificate / Degree / Marksheet)
Identity Card / Proof of Enrolment into a Post Graduation or PhD Program in Economics/ Law/ Finance/ Management)
Letter of Recommendation from the Institution
Details of the Bank Account