In 2025, the Indian Finance Minister unveiled the Prime Minister Internship Scheme 1 Crore Youth. India's Finance Minister, Mrs. Nirmala Sitharaman, announced the start of the Prime Minister Internship Scheme 1 Crore Youth 2025 during the presentation of the education budget. All graduates of Indian schools will be eligible for internships through this program. All selected applicants under the initiative would also receive a monthly stipend and financial aid from the Indian government. The chosen applicant will get a direct bank account transfer of the program's financial aid.

Internship for 1 Crore Youth Announced

The Government of India has launched the Prime Minister Internship Scheme (PMIS) for unemployed youth of India to offer them employment opportunities in diverse fields. According to the Indian finance minister's announcement, one crore young people will profit from this program. The Indian government will give the country's youth valuable experience through internships, which would make it easier for them to find employment. To get the Prime Minister Internship Scheme 1 Crore Youth 2024 benefits, all applicants who meet the eligibility requirements must go to the official website and complete the online application.

PMIS Official Launch on 3rd Oct 2024

On October 3, 2024, the Pradhan Mantri Internship Scheme (PMIS) was started, to enhance the employability and capabilities of young people. This one-year program provides internships in India's top 500 companies and is aimed at young people between the ages of 21 and 24. The program was initially introduced in the Union Budget as a component of the Prime Minister's Package for Employment and Skilling. On the same day, an internship portal will open for applications. According to the eligibility requirements, candidates must not hold full-time positions and must come from households with no government employees.

Participants may be young people from Industrial Training Institutes (ITIs) and vocational facilities, however, those who attended esteemed institutions such as IITs or IIMs are not allowed. A monthly stipend of Rs. 4,500 will be provided to interns by the government, and companies will contribute an additional Rs. 500 through their corporate social responsibility (CSR) funds. Over five years, the program might be scaled out to educate 10 million youth. 

The Objective of PMIS

The primary goal of the Youth Internship Program is to assist young people in India in gaining some business experience. This program will help youth find employment. A monthly stipend of up to INR 5000 would be given to the chosen youngster under the program, according to the Government of India. The candidates will get a one-time financial aid payment of INR 6000 in addition to their monthly stipend. The chosen young person will have the opportunity to intern at one of India's top 500 organizations. The unemployed kids were able to stop relying on others to cover their daily expenditures thanks to this program.

Eligibility Criteria

Below are mentioned the eligibility criteria for The Pradhan Mantri Internship Scheme (PMIS):

• Applicants should be permanent residents or citizens of India.
• They must be between 21 and 24 years of age.
• They must not already into a full-time job or employment.
• They must be Higher Secondary Certificate (HSC) graduate or their equivalent.
• Industrial Training Institute (ITI) graduates can also apply for the internship program.
• Polytechnic diploma graduates or graduates from degrees like BA, BSc, BCom, BBA, or B.Pharma.

What are Ineligibility Criteria

Below are the Ineligibility criteria for the Pradhan Mantri Internship Scheme (PMIS):

• Professionals in full-time employment or full-time education can not apply for PMIS.
• IITians, IIMians, along with graduates from National Law Universities, IISER, NIDs, or IIITs can not apply.
• All master's degrees, including those from CA, CMA, CS, MBBS, BDS, MBA, and PhD programs, are not qualified.
• If you are engaged in any government internship, apprenticeship, or skill program, you are not eligible.
• No one who has finished an apprenticeship under NATS or NAPS is eligible to apply.
• For FY 2023–2024, a family income of more than Rs. 8 lakh disqualifies you.
• Eligibility is revoked for any family member (spouse, parents, or yourself) who works for the government on a regular or permanent basis (contractual employees excluded).

Benefits of PMIS

The key benefits of the Prime Minister Internship Scheme (PMIS) are mentioned below:

• By giving participants hands-on work experience in prestigious companies, the program improves their employment prospects.
• The program provides practical instruction that gives interns the fundamental skills needed to meet industry demands.
• The government will give interns a stipend of Rs. 4,500 per month, and companies will pay an extra Rs. 500 to ensure financial support throughout the internship.
• It offers beneficial exposure to actual workplaces, which promotes a deeper comprehension of professional dynamics.
• Expand members' professional networks by providing possibilities for internships at India's top 500 organizations.
• It encourages young people from different backgrounds—such as those from skill centres and ITIs—to enter the workforce.
• Lowering bias and boosting fairness in the candidate screening process, guarantees a transparent selection procedure.
• The program intends to close the skills gap in the workforce by training more than 10 million young people over five years.
• For a more thorough internship experience, it enables businesses to work with partners.

Financial Assistance and Monthly Stipend

• INR 6000 will be given to selected candidates as Financial Assistance under the PMIS 1 Crore Youth.
• Selected youth will get INR 5000 as a monthly stipend.

Documents required for PMIS Registration

Interested candidates make sure that they hold the following documents while applying for the Pradhan Mantri Internship Scheme (PMIS) 2024:

• Aadhar Card
• Email ID
• Mobile Number
• Address Proof
• PAN Card, and
• Ration Card.

Salient Features of PMIS

Below are the silent features of the Pradhan Mantri Internship Scheme

• The PMIS is intended to offer employment opportunities and skills to unemployed youth of India.
• The scheme lasts for 1 year.
• During the internship, candidates will receive INR 4500 as a stipend from the Government of India along with INR 500 from the companies through CSR contributions.
• Candidates can apply directly from the dedicated portal launched for PMIS only.
• To enhance the quality of internships, PMIS is offered in Top 500 companies across the country.
• To ensure transparency and fairness in the selection process, it is conducted through an automated system.
• Over five years, the program will train 10 million adolescents in two phases.
• For interns to acquire practical skills, they must work in a real-world workplace for at least six months.
• Businesses might work with other organizations or supply chain partners to improve the internship experience.

Selection Process

The Prime Minister Internship Scheme's single-point selection procedure is as follows:

• To reduce prejudice, the selection of interns will be handled by a backend automated procedure.
• The candidates that the algorithm automatically selects will be reviewed by employers.
• The selection process will be restarted if a corporation is not happy with the automatically chosen applicants.
• The selection procedure will be supervised by a group of government representatives and business leaders.
• The panel will resolve any issues that come up and make sure the selection process is fair and compliant.

Step-by-Step Application Process for PMIS 2025

Before applying for the PMIS, Interested candidates should go through the following steps of the application process:

• Interested candidates are requested to visit the official website of the Ministry of Corporate Affairs (MCA) which is https://pminternship.mca.gov.in/login/.
• Complete the registration process with personal and educational details.
• Resumes of candidates will be generated automatically based on the information provided by candidates during registration.
• Utilize the portal's browsing feature to see open internship positions according to your criteria (job, location, sector, etc.).
• Given your interests and qualifications, apply to up to five internships that pique your interest.
• Based on their applications and the specifications listed by the partner organizations, the portal will create a shortlist of applicants.
• After reviewing the chosen applicants, companies will make offers based on their selection criteria.
• Through the portal, you can accept an internship offer once you receive it. 

Conclusion

Young Indians have a great opportunity to learn from professionals, obtain practical experience, and advance their career prospects through the Pradhan Mantri Internship Scheme. Don't pass up the opportunity to apply what you learn in the classroom to achieve success in the real world. Apply now at pminternship.mca.gov.in.