The Prime Minister’s Internship Scheme (PMIS), introduced in the Union Budget by Finance Minister Nirmala Sitharaman, aims to enhance youth employability by providing practical experience through internships with India’s top 500 firms.
Initially set to close on 31st March, the registration deadline for round 2 has now been extended until 15th April, allowing more students and young professionals to apply.
Participants in the PMIS will receive a monthly stipend of ₹5,000 for a 12-month internship. Of this amount, ₹500 will be contributed by the employer, with the remaining ₹4,500 directly transferred to the intern’s Aadhaar-linked bank account by the government.
Additionally, each intern will be awarded a one-time grant of ₹6,000. The stipend is subject to the intern’s conduct, performance, and attendance during the internship period.
The scheme is open to Indian citizens aged between 21 and 24 years. Eligible candidates must have completed either Class 10, Class 12, a diploma, or an undergraduate degree. However, the scheme is exclusively for unemployed students—individuals currently engaged in part-time or full-time employment are ineligible. Students pursuing online or distance learning programmes can also apply.
With the deadline now extended to 15th April, students and young professionals have additional time to register for available internship opportunities.
Those who have already applied should actively monitor their emails and dashboards for further updates. The scheme offers a valuable opportunity for young individuals to gain industry experience and improve their employability prospects.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Apr 4, 2025, 3:10 PM IST
Team Angel One
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