Prime Minister Internship Scheme (PMIS)

Context : A little more than 50,000 candidates have so far accepted the 1.53 lakh offers made by companies under the PMIS, according to data provided by the government to the Lok Sabha. About 6% have so far joined the respective companies as interns.

What is PMIS?

•  Announced in Budget 2024-25.
• Launched by the Ministry of Corporate Affairs, Government of India.
• Objective:  The scheme aims to provide internship opportunities to one crore youth in top 500 companies in five years for a stipend of 5000 per month.Through this Scheme, youth will gain exposure for 12 months to real-life business environment, across varied professions and employment opportunities.

Benefits:-

• Monthly assistance of ₹4500/- by Government of India and ₹500/- by Industry 
• One-time Grant of ₹6000 for incidentals Insurance coverage for every intern under Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana by Government of India.

Eligibility :-

• The candidate belongs to Indian nationality.
• The candidate’s age should be between 21 to 24 years (as on the last date for submission of the application).
• The candidate enrolled in online/distance learning programmes are eligible to apply.
• The candidate should have completed High School, Higher Secondary School, possess a certificate from an ITI, hold a diploma from a Polytechnic Institute, or are graduates with degrees such as BA, B.Sc, B.Com, BCA, BBA, B.Pharma, etc.
• The candidate family income less than ₹8,00,000/-. 

Exclusion/ Ineligibility :- 

• If any member of the family is a permanent/regular government employee.
• Graduates from IITs, IIMs, National Law Universities, IISER, NIDs, and IIITs.
• Those having qualifications such as CA, CMA, CS, MBBS, BDS, MBA, any master’s or higher degree.
• Those who are full-time employed.
• Those engaged in full-time education
• Those undergoing any skill, apprenticeship, internship or student training programme under Central Government or State Government schemes.
• Those who have completed apprenticeship, training under National Apprenticeship Training Scheme (NATS) or National Apprenticeship Promotion Scheme (NAPS) at any point.
• If the annual income of any of the family members of the candidate exceeds ₹8 lakhs.

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