2024-11-18 16:53:00
The Prime Minister Internship Scheme (PMIS) received a total of 6.2 lakh applications and the window for the registration of young applicants closed on November 15, said official sources.
Under PMIS, a landmark initiative aimed at boosting employability among Indian youth, more than 1.25 lakh internship opportunities are available in 25 sectors across 745 districts.
Between November 15 and 25, the offers and the applications will be matched and a shortlist would be prepared, sources said.
By December 1, the selected candidate will be given joining orders and they would have to report for internship with their respective organisations by December 2.
PMIS allowed youth to apply for up to 5 internships in their own State or any other State.
The response to the Prime Minister Internship Scheme has been overwhelmingly positive, with a diverse range of industries eager to engage young talent and shape the future workforce.
Already 280 companies have onboarded to the dedicated portal—www.pminternship.mca.gov.in— and offered 1.28 lakh internship opportunities under the scheme.
Corporate registration
The window for corporate registration under the scheme closed on October 20.
The pilot scheme under PMIS was launched on October 3 for corporates to onboard and register their internship opportunities. The window was opened on October 12 for the registration of youngsters.
The Ministry of Corporate Affairs (MCA) is administering the PMIS, which was announced in this year’s union budget. The PMIS was launched to address the growing need for employable skills and industry readiness among India’s youth.
The government has set aside ₹800 crore for the pilot scheme, which aims to provide 1.25 lakh internships to youth aged between 21 and 24 in FY25.
MCA has set December 2 as target date by which the 1.25 lakh internships would be provided under the pilot project.
Youth aged 21-24 and who have passed 10th, 12th, ITI, Polytechnic, diploma or graduates are eligible to avail the benefits under the scheme.
Top 500 corporates by CSR spend (average of last three financial years) have been allowed to participate in the scheme and offer internship opportunities to youth.
PMIS is aimed at providing young Indians with practical industry experience and enhancing their employability.
PMIS seeks to bridge the gap between academic learning and industry requirements by offering internship opportunities across diverse sectors such as technology, manufacturing, finance, retail, healthcare, and more.
Some of the top corporates who have offered internship opportunities to youth include Mahindra & Mahindra, Tata Consultancy Services, Larsen & Toubro , Reliance Industries, HDFC Bank, Maruti Suzuki, Tech Mahindra, ONGC, Bajaj Finance, Eicher Motor, Max Life Insurance, Muthoot Finance, Shriram Finance and Jubilant Foodworks.
The sectors where one has seen maximum number of internship opportunities are Oil Gas & Energy, automotive , travel and hospitality, banking and financial services and metals and mining.
The other key sectors that saw internship opportunities posted by corporates are manufacturing & industrial, infrastructure and construction, IT and software development, FMCG and telecom.
The PMIS directly aligns with the Prime Minister’s vision of a “Viksit Bharat,” an India that is prosperous, advanced, and equipped to face future challenges.
PMIS Benefits
Under the PMIS, there will be an allowance of ₹5000 per month and ₹ 6000 as a one-time grant.
MCA has recently stipulated that internship aspirants looking to avail benefits of PM Internship Scheme need to possess Aadhar number or undergo Aadhaar authentication.
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What are the key benefits of participating in the Prime Minister Internship Scheme for young job seekers in India?
**Interview with Dr. Anjali Sharma, Youth Employment Expert on the Prime Minister Internship Scheme (PMIS)**
**Interviewer:** Thank you for joining us today, Dr. Sharma. The Prime Minister Internship Scheme has garnered a significant response with over 6.2 lakh applications. What does this tell us about the current state of youth employment in India?
**Dr. Sharma:** Thank you for having me. The overwhelming response to the PMIS highlights a strong desire among young people in India to gain practical experience and enhance their employability. It indicates a growing awareness of the skills gap between academic qualifications and industry requirements, and a proactive approach from youth to bridge that gap.
**Interviewer:** The scheme offers 1.25 lakh internship opportunities across various sectors. How important are these internships for the youth entering the job market?
**Dr. Sharma:** These internships are crucial for several reasons. First, they provide real-world experience, which is invaluable for students and recent graduates. Second, they help build professional networks and enhance soft skills, which are highly sought after by employers. Lastly, hands-on experience can often lead to job offers post-internship.
**Interviewer:** The PMIS allows applicants to apply for internships across states. How does this flexibility benefit the youth?
**Dr. Sharma:** This flexibility is significant because it opens up more opportunities for young people who may not have access to quality internships in their immediate area. By being able to apply beyond their home states, candidates can explore diverse industries and enhance their chances of finding positions that align with their career interests.
**Interviewer:** The scheme covers various sectors including technology, healthcare, and finance. Why is it vital for the government to focus on such diversity?
**Dr. Sharma:** A diverse range of internship opportunities ensures that we cater to the varied interests and skills of the youth. Different sectors face unique challenges and opportunities, and by engaging in multiple industries, the PMIS not only enhances individual employability but also strengthens the overall workforce in different fields, which is essential for a balanced economic growth.
**Interviewer:** The government has earmarked ₹800 crore for this initiative. What do you think about this investment?
**Dr. Sharma:** Investing ₹800 crore indicates a serious commitment from the government to tackle youth unemployment and enhance skill development. It can potentially create a ripple effect by equipping thousands of young people with the necessary skills to thrive in the labor market. However, successful implementation and monitoring will be key to achieving the desired outcomes.
**Interviewer:** With the application process closing recently, what should candidates expect next in terms of matching with companies?
**Dr. Sharma:** Candidates should be on the lookout for notifications regarding the matching process. Between November 15 and 25, companies will review applications and shortlist candidates. It’s an exciting time for applicants, and those who are selected will receive joining orders by December 1, marking the beginning of a valuable learning experience.
**Interviewer:** Any final thoughts on the impact of PMIS on the future workforce in India?
**Dr. Sharma:** The PMIS has the potential to significantly uplift the future workforce of India by addressing skill shortages and fostering a culture of practical learning. By bridging the gap between education and employment, this initiative aligns with the vision of a “Viksit Bharat,” enabling young Indians to meet future challenges with confidence. Thank you for this insightful discussion!
**Interviewer:** Thank you, Dr. Sharma, for sharing your expertise on this important initiative.