Government Initiative Aims to Recruit 125,000 Young Individuals for PM Internship in the Year 2024-25
Prime Minister Internship Scheme (PMIS) Expands to Offer Over 100,000 Internship Opportunities
The Prime Minister Internship Scheme (PMIS), launched as a pilot project on October 3, 2024, is expanding to provide internships to over 100,000 youth in India's top 500 companies over the next five years [1][2][4]. This scheme, announced in the 2024-25 Union Budget, aims to enhance employability through practical corporate exposure.
Key Details and Requirements for 2024-25
- Internship Opportunities and Applications:
- The pilot targets 1.25 lakh internships in one year.
- In the second round, launched in January 2025, over 1.18 lakh internship offers have been posted [1][2].
- Over 6.7 lakh applications have been received so far, with companies like 327 partnering firms providing internship posts [1][2][4].
- Eligibility Criteria:
- Candidates must be aged between 21 and 24.
- Applicants must not be engaged in full-time employment or educational programs.
- Graduates from premier institutes like IITs, IIMs, National Law Universities, or those holding advanced degrees (PhD, MBA, CA, etc.) are not eligible.
- The applicant’s family income should be below ₹8 lakh for FY 2023-24.
- No immediate family member should hold a permanent government position [3].
- Stipend and Benefits:
- Interns will receive a monthly stipend of around ₹4,500, funded by the Government via Direct Benefit Transfer.
- An additional ₹500 per month will be contributed from the company's Corporate Social Responsibility (CSR) funds (totaling ₹5,000 approx.).
- Some interns may also receive a one-time joining bonus of ₹6,000 [4][5].
- Partner Companies:
- About 327 top companies participated in the second round, with offers extended to over 71,000 candidates.
- These firms represent leading industry sectors in India and have financed internships via CSR budgets alongside government support [2].
- Application Process:
- Candidates must register online on the official PMIS portal, fill in details, and submit relevant documents [3].
- The pilot's second round started accepting applications on January 9, 2025, and is ongoing, with a deadline of March 31 [1][2].
- Insurance Coverage:
- Interns in the PMIS will also receive insurance coverage through the Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana [6].
Summary Table
| Aspect | Details | |-----------------------------|-------------------------------------------| | Launch Date | October 3, 2024 (pilot start) | | Goal | 1 crore internships in 5 years | | Partner Companies | Top 500 Indian companies; 327 active in 2nd round | | Age Limit | 21-24 years | | Education Eligibility | No full-time employment; no premier institute graduates or advanced degree holders | | Family Income Cap | Below ₹8 lakh per annum | | Stipend | ₹4,500/month (Govt) + ₹500/month (CSR) | | Joining Bonus | ₹6,000 (one-time) | | Application Method | Online registration on official portal | | Total Internship Offers (Pilot rounds 1 & 2) | 1.53 lakh+ | | Total Applications Received | Over 6.7 lakh | | Insurance Coverage | Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana | | Application Deadline | March 31, 2025 (for the second round) |
This scheme is focused on equipping youth with practical corporate exposure through internships, supported financially by the government and private companies under CSR [1][2][3][4][5]. The PMIS encourages companies to participate for a national cause, but does not compel them to do so. The scheme is aimed at youth from tier II and III cities to help them understand industry skills and job availability. The Union Finance Minister, Nirmala Sitharaman, has stated that the PMIS is visionary due to its focus on the changing industry demands and the aptitude-based training of youth.
The Prime Minister Internship Scheme (PMIS) facilitates personal-finance management for participants with a monthly stipend of approximately ₹5,000, funded by the Government and Corporate Social Responsibility (CSR) funds [4][5]. Enhancing education-and-self-development opportunities, the PMIS provides practical corporate exposure that may help individuals understand industry skills and job availability, especially for those from tier II and III cities [1][2][3][4][5].
