FINANCE MINISTER LAUNCHES MOBILE APP FOR PM INTERNSHIP SCHEME

Why in the News?

  • PM Internship Scheme (PMIS): Finance Minister Nirmala Sitharaman launched a dedicated mobile app to enhance access.
  • Second phase: Internship postings increased to 327 companies, up from 280 in the first phase.
  • National goal: The scheme aims to engage top 500 companies to offer internships for one crore youth over five years.

FINANCE MINISTER LAUNCHES MOBILE APP FOR PM INTERNSHIP SCHEME

Key Features of the PM Internship Scheme

  • Financial support: The Government of India provides ₹4,500 per month per intern through DBT, with companies adding ₹500 from CSR funds.
  • Internship expansion: In round one, 82,000 offers were made, but only 8,000 were accepted. The second round has 18 lakh opportunities across 725 districts.
  • Automated selection: Interns are placed in their home districts where possible, ensuring ease of access.

Enhanced Accessibility and Future Prospects

  • Mobile app benefits: The new app simplifies internship searches and integrates a referral program for rewards.
  • Policy alignment: The scheme includes reservation provisions to support underprivileged candidates.
  • Financial commitment: The 2025-26 Budget allocates ₹10,831 crore, up from ₹380 crore in 2024-25, highlighting long-term investment in youth employment and skilling.