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UPSC CURRENT AFFAIRS – 19 March 2025

Home / UPSC / Current Affairs / PM Internship Scheme in news- Key Highlights

PM Internship Scheme in news- Key Highlights

Why in News:

Union Finance and Corporate Affairs Minister Nirmala Sitharaman has urged more companies to participate in the PM Internship Scheme (PMIS), emphasizing its national importance.

PM Internship Scheme

Introduction

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About the PM Internship Scheme

The scheme aims to tackle youth unemployment by providing internship opportunities to one crore young individuals over the next five years. Participants will receive:

  • A monthly stipend of ₹4,500 from the government.
  • An additional ₹500 from companies under their Corporate Social Responsibility (CSR) initiatives for a one-year internship.
  • A one-time grant of ₹6,000 upon enrollment.
  • Insurance coverage under the PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana.

Eligibility Criteria

  • Age: 21-24 years.
  • Education: Minimum Class 10 qualification; however, graduates from premier institutions (IITs, IIMs) and professionals like Chartered Accountants (CAs) are excluded.
  • Employment Status: Must be unemployed and not engaged in full-time work.
  • Income Limit: Annual family income should not exceed ₹8 lakh; families with government employees are not eligible.

Benefits of the Scheme

  • The PM Internship Scheme enhances employability by providing real-world industry experience, similar to Singapore’s Skills Future Internship Programme, which prepares students for high-demand jobs.
  • It promotes social mobility by offering opportunities to students from diverse economic backgrounds, much like Germany’s Vocational Training System, which supports young professionals through paid apprenticeships.
  • The scheme helps develop essential workplace skills like communication, teamwork, and problem-solving, making interns more job-ready.
  • By creating a skilled workforce, it contributes to national economic growth and reduces unemployment.
  • Strengthening public-private partnerships, the initiative ensures a steady flow of industry-ready professionals, similar to Canada’s Mitacs Internship Program, which connects students with industry leaders.

Key Features of the PM Internship Scheme

  • The Government of India provides ₹4,500 per month to selected interns through Direct Benefit Transfer (DBT).
  • An additional ₹500 is contributed by companies through their Corporate Social Responsibility (CSR) funds.
  • Interns also receive a one-time grant of ₹6,000 per annum to cover incidental expenses.
  • Companies have complete autonomy in selecting candidates from a shortlist, ensuring transparency and flexibility.
  • The PM Internship Scheme is part of the Prime Minister’s Package for Employment and Skilling, introduced in Budget 2024-25 with a total allocation of ₹2 lakh crore.

Enhancements in the Second Phase

To improve accessibility and efficiency, the government has introduced:

  • PMIS Mobile App – allowing candidates to track applications and access opportunities.
  • Referral Program – enabling registered candidates to refer others and earn rewards.
  • Improved Dashboard – making the PMIS portal more user-friendly with detailed role descriptions.
  • Outreach Events – conducted in 80+ educational institutions and Rozgar Melas to increase awareness.

Conclusion

  • The PM Internship Scheme is a crucial step in leveraging India’s demographic dividend by equipping youth with practical industry experience. While industry participation has increased, greater engagement from top companies is essential for the scheme’s success.
  • The government remains committed to ensuring transparency, accessibility, and inclusivity, aiming to make the program a cornerstone of employment generation and skill development in India.

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