The PM Internship Scheme (PMIS) mobile app was introduced at Parliament by Finance Minister Nirmala Sitharaman in the presence of Minister of State for Corporate Affairs and Road Transport Harsh Malhotra. For youth in India, the app seeks to improve industry participation and expedite access to internship opportunities.
As their participation is essential for nation-building and developing a trained workforce, she asked India's top 500 corporations to get involved. Harsh Malhotra agreed, stating that the PMIS App would notably improve internship accessibility, guaranteeing greater involvement from young people across India.
In addition to the app's release, the Ministry of Corporate Affairs (MCA) and the Confederation of Indian Industry (CII) will collaborate to open a PMIS facilitation center in Kolkata. PMIS cells will be integrated by the CII, which runs 47 model career centers, to assist applicants with the application process.
PMIS Expansion and Benefits
In the first round of PMIS, which was announced in the Union Budget for 2024–2025, 28,141 individuals accepted internship offers. With a target of 1.25 lakh internships for the 2024–25 fiscal year, the current second round, which was introduced in January, intends to offer over 100,000 internship opportunities across more than 300 companies.
The initiative aims to involve the top 500 corporations over the next five years and eventually offer internships to 10 million young professionals.
Under the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, interns receive a ₹5,000 monthly stipend, a ₹6,000 one-time award for incidental expenditures, and insurance coverage.
In order to qualify, a candidate must be between the ages of 21 and 24, have finished Grades 10 and 12, and possess an undergraduate degree, an ITI diploma, or other technical qualifications.
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