The Prime Minister Internship Free Scheme (PMIS) is an innovative program introduced by the Government of India, aimed at equipping young Indians with practical industry skills and enhancing their employment readiness. Officially launched on October 3, 2024, this scheme is set to offer one crore internship opportunities over five years, helping youth develop industry-specific expertise and build successful careers. Below is a detailed look into PMIS, including its features, eligibility requirements, sectoral opportunities, and how to apply.
Prime Minister Internship Free Scheme 2024,
Announced as part of the Union Budget 2024-25, PMIS is a major step in India’s national efforts to empower its youth. The scheme targets young people between the ages of 18 and 24, providing them with real-world experience across various industries. The initiative is managed by the Ministry of Corporate Affairs (MCA) and is a part of the government’s commitment to bridging the skills gap, enhancing employability, and addressing the demand for an industry-ready workforce in India.
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Key Features of PMIS
| Aspect | Details |
|---|---|
| Launch Date | October 3, 2024 |
| Target Age Group | 18-24 years |
| Internship Goal | One crore internships over five years |
| Pilot Phase | 1.25 lakh internships for fiscal year 2025 |
| Budget Allocation | ₹800 million for initial pilot project |
| Governing Body | Ministry of Corporate Affairs (MCA) |
| Stipend and Financial Aid | ₹5000 monthly stipend, plus a one-time grant of ₹6000 |
Pilot Phase Rollout and Company Participation
The PMIS rollout started with a pilot phase, allowing registered companies to offer internships while ensuring that young people gain valuable work experience across industries. For the pilot, registration for participating companies closed on October 20, 2024, and youth registration began on October 12, 2024. The pilot phase, supported with a budget allocation of ₹800 million, is set to provide 1.25 lakh internships by December 2, 2024, focusing on youth aged 21-24.
Pilot Phase Highlights
- Company Participation: The scheme encouraged the top 500 companies with Corporate Social Responsibility (CSR) budgets to join.
- Current Engagement: By November 2024, over 280 companies had registered on the PMIS portal, offering a combined total of 1.28 lakh internships.
- Industry Collaboration: Companies from a wide array of industries, including manufacturing, healthcare, IT, and finance, have signed up to provide structured internships, mentoring, and skill development opportunities.
Eligibility Criteria for PMIS
The PMIS initiative is accessible to young Indians from different educational backgrounds, ensuring that opportunities are open to diverse individuals.
Eligibility Requirements
- Age Range: Candidates must be between 21 and 24 for the pilot phase.
- Educational Qualification: Applicants must have completed one of the following:
- 10th or 12th standard
- ITI, Polytechnic, or Diploma courses
- Undergraduate degree in any discipline
Benefits for Eligible Candidates
- Professional Experience: Real-world training across diverse sectors.
- Financial Support: Monthly stipend of ₹5000 and an additional one-time grant of ₹6000 to assist with expenses.
- Nationwide Reach: Internship opportunities are available across 737 districts, covering 37 states and union territories, offering exposure to young people from both urban and rural areas.
Enhancing Employment and Skill Development
The Prime Minister Internship Free Scheme aims to bridge the gap between theoretical education and practical industry skills, providing young people with the tools they need to thrive in today’s competitive job market. The scheme offers hands-on learning experiences that align with industries’ specific needs, creating a pool of job-ready candidates.
Sectors and Industries Offering Internships
The PMIS covers a broad range of industries, reflecting the need for skilled workers across various economic sectors in India. Some of the key industries participating in the scheme include:
- Information Technology and Software Development
- Banking, Finance, and Insurance
- Manufacturing and Industrial Production
- Healthcare and Pharmaceuticals
- Telecommunications and Consumer Products
- Automotive and Engineering
- Oil, Gas, and Energy
- Infrastructure, Construction, and Real Estate
- Retail and E-commerce
- Travel, Hospitality, and Tourism
Top Companies Participating in PMIS
Several prominent corporations have registered to provide internships under the PMIS, offering mentorship and work experience to foster talent development. Some of these include:
- Mahindra & Mahindra
- Tata Consultancy Services
- Larsen & Toubro
- Reliance Industries
- HDFC Bank
- Maruti Suzuki
- Tech Mahindra
- ONGC
- Bajaj Finance
- Max Life Insurance
- Muthoot Finance
- Eicher Motors
Vision of a Skilled and Prosperous India
The PMIS aligns with the Prime Minister’s vision for a “Vixit India”—a future-ready, skilled, and progressive nation. The scheme prepares young people for future challenges and contributes to India’s economic development by offering them real-world exposure to professional settings.
Program Objectives
- Skill Development: Equip youth with skills relevant to today’s industries.
- Employment Preparedness: Make young individuals more employable by providing on-the-job experience.
- Inclusive Growth: Promote skill-building opportunities in both rural and urban areas.
- Youth Empowerment: Support youth in building confidence and practical abilities that will benefit their long-term careers.
Stipend and Financial Support for Interns
PMIS offers a monthly stipend and an initial grant for eligible interns to encourage participation and provide financial assistance.
Stipend and Allowances
- Monthly Stipend: ₹5000, to support living expenses during the internship.
- One-Time Grant: ₹6000 to assist with any initial costs associated with the internship.
How to Apply for the PMIS Program
The PMIS application process is designed to be accessible to young people from all backgrounds. Interested candidates can apply through the official PMIS portal, where they can create a profile, select their preferred industries, and submit the required documents.
Steps to Apply
- Visit the Official PMIS Portal: Go to the government’s PMIS website to access the application portal.
- Register and Complete Your Profile: Fill in personal information, educational background, and professional goals.
- Choose Industries and Locations: Select industries of interest and preferred work locations.
- Submit Your Application: Complete your application by uploading the necessary documents.
After registering, applicants can explore and apply for internships that match their skills and career goals.
Frequently Asked Questions (FAQs)
1. Who is eligible for the PMIS program?
Youth aged 21 to 24 who have completed 10th, 12th, ITI, Polytechnic, Diploma, or any undergraduate degree are eligible for PMIS.
2. What is the duration of internships under PMIS?
The duration varies by industry and company but typically covers a comprehensive period to ensure sufficient hands-on learning.
3. What financial benefits do interns receive?
Interns are provided with a ₹5000 monthly stipend and a one-time grant of ₹6000 to assist with expenses.
4. How does the PMIS pilot phase work?
The pilot phase, launched in fiscal year 2025, aims to offer 1.25 lakh internships, with a target completion date of December 2, 2024.
5. Which industries are actively participating in PMIS?
Industries include IT, finance, manufacturing, healthcare, automotive, energy, and telecommunications, among others.
6. What are the primary goals of the PMIS?
The goals are to develop employable skills in youth, prepare them for industry demands, and support the creation of a skilled workforce for a progressive India.
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