Iam new to programming but have heard alot about projects but i don't really know what it means to do one.Could any one please give a simple project and hints of what will be required of me.

Think of some type of software that interests you and start coding something simple of that type. That's all there is to it.

How about a game? Choose an easy concept like Pong, breakout, tetris, ... And write a complete game of it. This means the game loop, start- and end screens, high scores.

Start by analysing the problem. Before you start coding you should have a good idea of what you're making. You don't have to have all the details covert yet. There are some tricks for this stage (like disecting the problem into smaller pieces), but you'll learn this best by doing.

The goal of a first project is to learn how to do projects, not to write the best game ever. The only thing that matters is that you finish it and learn from it.

Hmm.. I made a QBasic PacMan during the summer (or at least the engine, I only actually put in level 1. I learnt a good bit from that, but it was 350kb and wouldn't compile(QuickBASIC). The important thing was I learnt some stuff that was useful.