SBI Offers Paid Internship in 2024,College Students & Graduates Eligible

In 2024, the State Bank of India (SBI) is offering paid internship opportunities, open to both college students and recent graduates.

Stay updated on India’s latest government job opportunities by visiting the careerbywell page, ensuring you are well-informed about the newest openings in 2024.

About State Bank of India (SBI)

The State Bank of India (SBI) is a significant player in the global financial landscape, headquartered in Mumbai, Maharashtra. As the 48th largest bank worldwide by total assets, SBI holds a prominent position, ranking 221st in the Fortune Global 500 list of the world’s largest corporations in 2020, making it the sole Indian bank on the list. With a 23% market share by assets and 25% in the total loan and deposits market, SBI is India’s largest bank. Boasting nearly 250,000 employees, it also holds the distinction of being the tenth-largest employer in the country. In 2023, the company secured the 77th spot in the Forbes Global 2000 list.

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State Bank of India (SBI) Youth for India Fellowship

Recognized as the flagship program of the SBI Foundation, the SBI Youth for India Fellowship is a 13-month-long initiative. It empowers the nation’s youth to engage in rural development projects in collaboration with experienced NGOs. The program aims to contribute to India’s equitable and sustainable growth by:

• Providing educated and enthusiastic urban Indian youth with the opportunity to collaborate with rural communities, effecting positive change at the grassroots level in rural India.
• Offering NGOs engaged in rural development projects access to skilled manpower, leveraging their expertise to drive rural development.
• Facilitating a platform for program alumni to exchange ideas and continue contributing to rural development throughout their professional journey.

SBI Youth for India Fellowship Key Highlights

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SBI Youth for India Fellowship Eligibility Criteria

Here are the eligibility criteria for the SBI Youth for India Fellowship 2024-25:

1. Citizenship: Must be an Indian citizen, a citizen of Nepal/Bhutan, or an Overseas Citizen of India (OCI).
2. Age: Must be between 21 and 32 years old on the day of program commencement, i.e., born not earlier than 2nd August 1992 and not later than 1st October 2003.
3. Education: Must have completed at least a Bachelor’s degree before the commencement of the program, i.e., before 1st October 2024.

Note: OCI candidates are advised to apply for OCI registration if they don’t possess it currently, as the process takes 1-3 months. It’s recommended to initiate the OCI application along with the Fellowship application.

SBI Youth for India Fellowship Application Process

The Application Process for the 2024-25 batch of the SBI Youth for India Fellowship is now open. You can apply for Stage 1 (Registration & Online Assessment) by visiting https://change.youthforindia.org. Our website and social media channels will communicate notifications and updates regarding application status.

The 2-stage Application Process of the Fellowship is outlined as follows:

STAGE-1 (Registration & Online Assessment):

1. Fill out the Registration form and commence your Online Assessment.
2. During the assessment, provide a detailed essay-based response, sharing your story, perspectives, intention to join the Fellowship and overall worldview.

STAGE-2 (Personal Interview):

1. The Personal Interview stage involves evaluation by an esteemed panel to assess personal characteristics and suitability for the role.
2. This stage considers factors beyond academic qualifications and work experience to gain a deeper understanding of the applicant.

SBI Youth for India Fellowship Final Selection

Selected candidates from Stage 2 will receive notifications on a rolling basis throughout the application period via email and/or SMS. Upon confirmation, candidates will receive an offer letter detailing the program, Fellowship support, and terms and conditions.

SBI Youth for India Fellowship Onboarding

Once candidates have accepted the offer, the onboarding process will commence. We maintain continuous engagement with selected candidates through an online forum to better understand them and address any queries they may have regarding the Fellowship.

SBI Youth for India Fellowship Support

A monthly allowance of 15000 INR for the duration of the program to meet your living expenses.
A monthly allowance of 1000 INR for the duration of the program to meet your transport expenses.
A monthly allowance of 1000 INR for the duration of the program to meet your project-related expenses.
A dedicated provision for language support will be provided at the location.
A readjustment allowance of 70000 INR upon successful & satisfactory completion of the Fellowship.
The cost of the 3AC train fare from your residence to the project site location as well as expenses incurred on traveling for training programs shall be covered.
A health and personal accident insurance policy will also be provided.

Other Support
The local NGO staff will assist you to find suitable accommodation with safety in mind.
The partner NGO will also arrange for necessary support as and when required.
An SBI Youth for India team member will be available for overall support & guidance.
Mentorship by experienced professionals in the field.
Access to the community through well-established Partner NGOs
Linkages with premier organizations of the country.

SBI Youth for India Fellowship Outcomes

The SBI Youth for India Fellowship aims to have a profound impact on society by promoting equitable and sustainable development. By mobilizing young people to work in rural areas, the program seeks to:

• Reduce the rural-urban divide: By encouraging urban youth to engage in rural development projects, the program helps bridge the gap between rural and urban areas, fostering greater social cohesion and inclusivity.
• Foster inclusive growth: Through grassroots-level interventions, the Fellowship aims to empower marginalized communities and ensure that the benefits of development reach all sections of society, promoting a more inclusive growth trajectory.
• Build resilient communities: By addressing local challenges and implementing sustainable solutions, the program helps build resilient communities that are better equipped to cope with social, economic, and environmental adversities.
• Promote community participation: The program emphasizes community engagement and participatory approaches, enabling local stakeholders to actively contribute to decision-making and project implementation, thereby fostering ownership and sustainability.
• Drive innovation and collaboration: By facilitating partnerships between young professionals, NGOs, and local communities, the Fellowship promotes innovative solutions and collaborative efforts to address complex development issues.

Overall, the SBI Youth for India Fellowship seeks to catalyze positive change at the grassroots level, empowering communities and fostering a more equitable and sustainable future for India.

SBI Youth for India Fellowship Application Process

• Registration & Online Assessment: Candidates complete the online application form, providing personal details, educational qualifications, work experience, and responses to personal life questions.
• Shortlisting: Shortlisted candidates are invited for a personal interview to assess their suitability for the program.
• Selection: Final selection is based on performance in the online assessment, personal interview, and overall suitability for the program.
• Acceptance and Joining: Selected candidates