Top Companies to Host One Crore Interns Under Prime Minister’s Internship Scheme by 2029: MCA
The scheme is managed through an online platform accessible via the same portal. As of now, 1.27 lakh internship opportunities have been posted, attracting approximately 6.21 lakh applications.
MCA – PMIS – Prime Minister’s Internship Scheme – Ministry of Corporate Affairs – Companies to Host Interns under PMIS – taxscan
MCA – PMIS – Prime Minister’s Internship Scheme – Ministry of Corporate Affairs – Companies to Host Interns under PMIS – taxscan
The top companies are set to host 1 crore interns under the Prime Minister’s Internship Scheme ( PMIS ) by 2029.
The MCA has identified the top 500 companies based on their average Corporate Social Responsibility ( CSR ) expenditure over the past three years, said Harsh Malhotra, Minister of State for Corporate Affairs and Road Transport and Highways in his reply before Rajya Sabha.
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The PMI, introduced in the 2024-25 Union Budget, aims to create transformative opportunities for one crore youth by facilitating internships in the top 500 companies over the next five years. To kickstart the initiative, a pilot project targeting 1.25 lakh internships for the financial year 2024-25 was launched on October 3, 2024.
Additionally, other companies, banks, or financial institutions interested in joining the initiative may participate with MCA’s approval, particularly to address underrepresented sectors and regions. A comprehensive list of partner companies is available on the official portal: https://pminternship.mca.gov.in.
The scheme is managed through an online platform accessible via the same portal. As of now, 1.27 lakh internship opportunities have been posted, attracting approximately 6.21 lakh applications. The selection process is currently underway, managed directly by participating companies.
PMIS provides interns with hands-on training, real-world business exposure, and the skills necessary to bridge the gap between academic knowledge and industry demands. This initiative seeks to improve the employability of India’s youth, orienting their capabilities with market requirements.
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Harsh Malhotra, stated that the scheme’s potential to empower young professionals while responding to a query in the Rajya Sabha.
Recently, the PMIS scheme decided to start on December 2, 2024, has been deferred and the MCA has announced that the date will be announced soon.
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