PM Internship Scheme: MCA Proposes Lower Age and Shorter Term
Why in the news
The corporate affairs ministry wants to adjust the PM Internship Scheme so that more youth take part, using lessons from the dry run.
Key facts
- Proposed by: Ministry of Corporate Affairs, through a note to the Expenditure Finance Committee.
- Changes: a lower eligibility age limit and a shorter internship duration.
- Reason: make the scheme more attractive and accessible and fix issues seen in the pilot.
- Plan: test the changes at pilot stage before the full-scale launch.
About PMIS
- Announced in the Union Budget of July 2024.
- Target: internships for 1 crore (10 million) youth in five years, across the top 500 companies.
- Aims: higher employability, closing the education-industry gap, and more corporate involvement in skilling.
Exam angle
- Nodal ministry for the proposal: Corporate Affairs.
- Scale of the scheme: 1 crore youth, 5 years, 500 companies.
- Body that appraises the note: Expenditure Finance Committee.