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?
- The PM Internship Scheme is a government initiative to help unemployed youth by providing them with on-the-job training.
- 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.
- It will operate through an online portal launched on October 3, which connects companies and potential interns.
- 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?
- The scheme offers real-world experience and certification from well-known companies.
- This can help improve the employability of youth by giving them skills and confidence in the job market.
- The pilot project’s success will be evaluated based on dropout rates, grievances, and the employment rate of interns after completing the internship.
- Final insights will be gathered by December 2025 to inform the future design of the scheme.
What are the challenges?
- The scheme faces challenges such as finding placements for interns in less industrialized states like Bihar.
- 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.
