Prime Minister Internship Scheme
government Internship Scheme in India

The Prime Minister Internship Scheme, also known as PM Internship Scheme (PMIS), is a government initiative launched by India in 2024 to provide internship opportunities to young citizens in leading companies across various sectors. Announced in the Union Budget 2024-25, the scheme aims to offer one crore (10 million) internships over five years in India's top 500 companies, designed to bridge the gap between academic learning and industry requirements. The scheme has been positioned by the Government of India as part of a broader strategy to make India the "Skill Capital of the World."
Background and announcement
The scheme was announced as part of the Union Budget 2024-25 as one of five employment and skilling initiatives aimed at addressing youth unemployment in India. Finance Minister Nirmala Sitharaman described the program as part of a broader strategy to create a "Skilled and Employable Bharat" aligned with the "Viksit Bharat" vision. The government allocated ₹2,000 crore for the scheme in the financial year 2024-25.
Program structure
Scope and duration
The PM Internship Scheme provides 12-month internships to participants aged 21-24 years who have completed at least secondary education. The program spans 24 sectors including oil, gas, energy, travel, hospitality, automotive, banking, and financial services. By October 2024, the scheme's portal showed 90,849 internship opportunities posted by 193 companies, including major private sector players such as Jubilant Foodworks, Maruti Suzuki India, Eicher Motors, Larsen & Toubro, Muthoot Finance, and Reliance Industries. Academic analysis indicates the scheme seeks to "bridge the gap between academic learning and practical job skills" while addressing employer concerns about graduates lacking real-world experience.
Financial support
Participants receive a monthly stipend of ₹5,000, with the government contributing ₹4,500 through Direct Benefit Transfer and participating companies providing ₹500 from their Corporate Social Responsibility funds.
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