News: On 15 October 2025 at Hampi, Karnataka, Finance Minister Nirmala Sitharaman interacted with interns of the Prime Minister Internship Scheme.
About Prime Minister Internship Scheme (PMIS)
- It provides 12-month internships in India’s top 500 companies to bridge academic learning and real-world experience and enhance youth employability.
- Nodal Ministry: It is implemented by the Ministry of Corporate Affairs.
- Aim: It aims to provide 12-month internship opportunities to one crore youth aged 21–24 years in the country’s top 500 companies over five years.
- Purpose: It seeks to bridge the gap between academic learning and industry needs by enabling 12-month exposure to real business environments, training, and skill development that enhances employability.
- Eligibility
- Applicants must be Indian citizens aged 21–24 years.
- They must have at least secondary education; ITI certificates, polytechnic diplomas, or graduation degrees are acceptable.
- The scheme targets youth from low-income households (family’s annual income should be less than Rs. 8 lakh.)
- Individuals not eligible for this scheme including
- Graduates from IITs, IIMs, National Law Universities, IISERs, NID, and IIIT, as well as degree holders like CA, CMA, CS, MBBS, BDS, MBA, or master’s degree holders.
- Candidates who have already participated in a government internship or apprenticeship or
- Whose parents are permanent employees of the government also cannot benefit from this scheme.
- Key feature
- The Scheme is separate from all the existing schemes related to skill development, apprenticeships, internship and student training programmes, etc. being implemented across all the States & UTs of India, and will run independently of all such Central/State schemes.
- Monthly stipend is ₹5,000: ₹4,500 via Direct Benefit Transfer from the government and ₹500 from participating companies through CSR funds.
- A one-time joining grant of ₹6,000 is provided to each intern.
- These internships span 24 sectors, including oil, gas, energy, travel, hospitality, automotive, banking, and financial services.
- All interns are covered under government insurance schemes, including Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.
