New Delhi: The Prime Minister’s Internship Scheme (PMIS) was launched during the Union Budget 2024 to propel employment growth in our country. The PMIS aims to provide internships to 10 million youth over the next five years. The scheme bridges the gap between practical industry skills and academic knowledge.
The PMIS, led by the Ministry of Corporate Affairs, aims to place young people in internships of 12 months with India’s top 500 companies, offering them hands-on exposure to real-world business environments. The scheme allows the top 500 corporates by CSR spend (average of last three fiscals) to participate and offer internship opportunities to youth.
According to reports, the Centre has closed the onboarding window for the participation of the corporates in the PMIS. Overall, 280 companies took part in PMIS and offered 1,27,046 internship opportunities on the dedicated portal. On October 3, the dedicated PMIS portal www.pminternship.mca.gov.in was opened for corporates to onboard and register. However, it must be noted that under the PMIS, the window for youth registration was opened on October 12 and is likely to remain open till early November.
How to apply for the PM Internship Scheme?
First, go to the official website of the PMIS at pminternship.mca.gov.in.
There, click on the ‘Register’ to open a new page.
After that, enter the details for the registration and click on ‘Submit’.
The portal will generate a resume based on the information provided.
One can apply for up to five internship opportunities, selecting preferences like sector, functional role, qualifications and location.
In the next step, click on ‘Submit’.
Download the confirmation page and keep a hard copy of it for future reference.
What are the benefits of PMIS?
The PMIS looks to increase employability via practical experience. It offers a stipend of Rs 5,000 per month, with support from both the government and corporate sectors through CSR funds to ensure the participation of interns from diverse backgrounds. Moreover, it has a one-time grant of Rs 6,000 for incidental expenses and comprehensive insurance coverage.
The Prime Minister’s Internship Scheme aims to provide internships to 10 million youth over the next five years. The scheme bridges the gap between practical industry skills and academic knowledge. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
