PM Internship Scheme

Source: The post PM Internship Scheme has been created, based on the article “A learning curve: The outcomes of the PM Internship Scheme’s pilot project need monitoring” published in “The Hindu” on 7th October is 2024

UPSC Syllabus Topic: GS Paper 3- Economy- Employment

Context: The article discusses the launch of the PM Internship Scheme to provide job training for unemployed youth in India. It aims to create one crore internships by 2029. A pilot project with 1.25 lakh interns will begin in December 2024.

For detailed information on Internships to bridge job market-skills gap read this article here

What is the PM Internship Scheme?

1. The PM Internship Scheme is a government initiative to help unemployed youth by providing them with on-the-job training.
2. The scheme is primarily funded by the Centre and is part of a larger package designed to bridge the gap between education and the practical skills needed by employers.
3. It will operate through an online portal launched on October 3, which connects companies and potential interns.
4. The scheme targets creating one crore internships by March 2029. Initially, a pilot project will start in December 2024 with 1.25 lakh interns.

What are the benefits of PM Internship Scheme?

1. The scheme offers real-world experience and certification from well-known companies.
2. This can help improve the employability of youth by giving them skills and confidence in the job market.
3. The pilot project’s success will be evaluated based on dropout rates, grievances, and the employment rate of interns after completing the internship.
4. Final insights will be gathered by December 2025 to inform the future design of the scheme.

What are the challenges?

1. The scheme faces challenges such as finding placements for interns in less industrialized states like Bihar.
2. Also, it needs to focus on developing both shop floor skills and modern workplace skills, like digital and soft skills.

Question for practice:

Examine the benefits of the PM Internship Scheme in improving the employability of unemployed youth.