Prime Minister’s Internship Scheme (PMIS)

• Recently, Finance Minister Nirmala Sitharaman launched a dedicated mobile app for the Prime Minister’s Internship Scheme (PMIS) to streamline the registration process for the second round of internships. The app addresses limited computer access among applicants, making participation easier through mobile technology.

About PM Internship Scheme (PMIS)

• Introduced to enhance youth employment by offering professional training across various sectors.
• Launched in 2023, the scheme aims to provide 10 million internships over five years.
• Internship Benefits: ₹5,000 monthly stipend and a one-time grant of ₹6,000 for incidental expenses.
• Eligibility Criteria: Open to individuals aged 21-24 years who have completed 10th, 12th, UG degree, ITI, or other technical courses.

Key Developments

• Facilitation Centre in Kolkata
  • Established through a Ministry of Corporate Affairs (MCA) and Confederation of Indian Industry (CII) partnership.
  • Supports candidates with guidance and mobilization efforts.
• Information, Education, and Communication (IEC) Events
  • MCA to conduct over 70 awareness events nationwide.
  • Ensures applicants are well-informed about internship opportunities.
• Internship Targets
  • Round 1: 28,141 candidates secured internships.
  • Round 2: Over 1,00,000 internships in 300+ companies.
  • FY 2025 Target: 1.25 lakh internships.