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PM Internship Scheme
Context
According to data provided in the Lok Sabha, only around 6% of the internship offer recipients under the Prime Minister Internship Scheme (PMIS) have joined work, highlighting poor conversion rates in the flagship youth programme.
PM Internship Scheme
About the Scheme:
- The Prime Minister Internship Scheme (PMIS) was launched under Union Budget 2024–25, targeting 1 crore internships over five years in the top 500 private companies in India. The scheme aims to enhance employability among youth by providing real-time industry exposure.
Implementation Details:
- It operates through the PMIS Portal, designed to act as a one-stop interface for application, selection, and tracking of internships.
- The scheme is being implemented in a phased pilot mode.
- First round:27 lakh internship opportunities posted; 6.21 lakh applications received; 82,000 offers made; ~8,700 joined.
- Second round (as of July 17, 2025):18 lakh opportunities posted; 4.55 lakh applications received; 71,000 offers made; 22,500 accepted so far.
Current Concerns:
- The acceptance rate is 33%, and the actual joining rate is just ~6%, which raises questions regarding:
- Lack of awareness or follow-through among applicants.
- Possible mismatch in candidate skillsets or expectations.
- Logistical challenges in coordination between companies and interns.
Institutional Stakeholders:
- Ministry of Finance (nodal authority for reporting and monitoring).
- Top 500 Indian companies (as per government classification).
- Youth aged 18–25 years are the primary beneficiaries.
Significance for Prelims:
- It falls under government schemes for youth skill development and employment.
- Related to Digital India, Skill India Mission, and employment generation efforts.
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