Context: 

Recently, the Minister of Finance, officially launched the dedicated mobile application for the Prime Minister’s Internship Scheme (PMIS). 

More on the News:

• To encourage wider participation, recently over 80 outreach events have been conducted across colleges, ITIs, and Rozgar Melas.
• The Union Budget 2024-25 announced that the scheme will begin with a pilot project for the financial year 2024-25, targeting 1.25 lakh internships.
• The app allows users to participate in the Referral Program introduced by the Ministry of Corporate Affairs. 

Prime Minister’s Internship Scheme (PMIS)

• The Government of India launched the Prime Minister's Internship Scheme (PMIS) on October 3, 2024.
• This initiative aims to provide one crore young Indians with 12-month paid internships in the nation's top companies over the next five years, thereby bridging the gap between academic learning and industry demands. 
• Candidates can also apply for up to three internships at the same time through the app.
• PMIS aspires to cultivate a workforce that is both skilled and adaptable to the evolving global economic landscape.
• Dedicated simplified PMIS Portal along with a dedicated mobile app, allowing users to easily filter opportunities by district, state, sector, and location radius.   
• In Round 1 (Oct-Dec 2024), 280 companies across 25 sectors posted 1.27 lakh opportunities in 745 districts, leading to 82,000+ internship offers.

Expansion of the Scheme:

• Following the overwhelming response of over 6 lakh applications in Round 1, Round 2 (Jan-Mar 2025) offers 1.18 lakh+ internship opportunities across 735 districts in India, providing a valuable bridge between academic learning and industry expectations.

Significance of the scheme:

• PMIS is a transformative investment in India's future. It bridges academic knowledge with real-world industry experience.
• PMIS aims to create confident, skilled, and industry-ready youth. Through PMIS, India envisions its youth as leaders who can shape the nation's future.