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PM's Internship Scheme: What's working, what's not, what it teaches youth | Current Affairs | Vision IAS

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PM's Internship Scheme: What's working, what's not, what it teaches youth

2 min read

Prime Minister’s Internship Scheme (PMIS)

The Prime Minister’s Internship Scheme aims to equip India's youth with industry-relevant skills by offering extensive internship opportunities. Running as a pilot project since October 2024, it plans to provide year-long internships to 10 million youth across India's top 500 companies over five years.

Program Implementation and Industry Involvement

  • Efforts by the Confederation of Indian Industry (CII) and the Ministry of Corporate Affairs (MCA) include weekly online sessions and FAQs to sensitize both companies and interns about the scheme.
  • An internship portal has been created for grievance redressal, and states are asked to appoint nodal persons for feedback and monitoring.

Financial Aspects and Stipend

  • The scheme offers a financial assistance package, including a direct benefit transfer of ₹6,000 on joining and a ₹5,000 monthly stipend, where ₹4,500 is provided by the government and ₹500 by the company’s CSR funds.
  • Interns report that the stipend is insufficient to cover living costs in larger cities, with disparities noted in stipends for interns from prestigious institutes.

Program Impact and Future Prospects

  • The scheme has enhanced the employability of participants, with some being approached by other companies and startups for jobs.
  • Challenges like unclear post-internship outcomes and high living costs are barriers for participants.

Parliamentary Insights and Recommendations

  • The Standing Committee on Finance recommended independent evaluations and increased support for living expenses to ensure inclusivity and attract a diverse talent pool.

Conclusion

Despite the challenges, the PMIS is seen as a transformative opportunity. The government is refining the program based on feedback, and there is enthusiasm among participants to promote the scheme as a valuable learning and exploration opportunity.

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