The Prime Minister’s Internship Scheme (PMIS) is a pilot initiative introduced in the Union Budget 2024-25 to offer internship opportunities to one crore young individuals across India. The scheme aims to place interns in the country’s top 500 companies over five years, providing them with real-world industry experience.
Under this program, selected interns will receive hands-on training for 12 months, equipping them with essential skills for future employment. Each intern will be provided with monthly financial assistance of ₹4,500 from the Government of India, along with an additional ₹500 contributed by the participating company.
Key highlights:
- The scheme will provide internships to one crore youth over five years.
- Interns will be placed in the top 500 companies across India.
- The duration of the internship is 12 months.
- Each intern will receive a total monthly stipend of ₹5,000, with ₹4,500 from the government and ₹500 from the company.
- The initiative aims to enhance employability by offering practical industry exposure.
The PMIS is expected to bridge the gap between academia and industry, empowering young professionals with valuable work experience and improving their career prospects.
For more details, visit: the Prime Minister’s Internship Scheme