The Prime Minister Internship Scheme (PMIS) has opened Round 2 of its pilot phase, offering more than 1 lakh internship opportunities to Indian youth, according to an official statement from the Ministry of Corporate Affairs. Building on the success of Round 1, which received over 6 lakh applications, this round aims to provide hands-on experience and skill-building opportunities across 730 districts in India.
More than 300 top companies from sectors such as Oil & Gas, Banking, FMCG, Automotive, and Manufacturing are participating, offering internships designed to enhance employability through real-world professional training. Eligible youth, aged 21 to 24 and not currently enrolled in any full-time academic program or employment, can apply for up to three internships based on their preferred district, sector, and qualifications.
To promote Round 2, over 70 Internship Education Campaign (IEC) events will be held in districts with the highest number of opportunities, complemented by digital outreach to attract applicants. Interns will receive a monthly stipend of Rs. 5,000 and one-time financial assistance of Rs. 6,000. Internships last up to 12 months, with at least six months of professional experience to ensure practical skill development.
The PMIS, announced in the 2024-25 Budget, aims to provide one crore internships over five years in India’s top 500 companies. The pilot phase launched in October 2024, targeting 1.25 lakh internships for the financial year 2024-25. The top 500 companies, selected based on their average Corporate Social Responsibility (CSR) spending, are participating, and other companies or financial institutions can join with the Ministry’s approval.
As of now, 1.27 lakh internship opportunities have been posted by companies, with 6.21 lakh applications received. The selection process is ongoing. This scheme offers youth a valuable opportunity to bridge the gap between academic learning and industry requirements, enhancing their employability.
Eligible candidates can explore opportunities and apply via the official portal: https://pminternship.mca.gov.in.
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