Associate Sponsors

Co-sponsor

PM-Internship scheme: Age cap, duration criteria likely to be eased

The government is keen to have around 100,000 interns in the pilot stage, sources said

internship, jobs
As an initiation to the PM Internship Scheme, a pilot project was approved with a budget of ₹840 crore in FY2024-25 | Photo: Shutterstock
Ruchika Chitravanshi New Delhi
2 min read Last Updated : Feb 09 2026 | 11:27 PM IST
To make the Prime Minister Internship Scheme (PMIS) attractive and accessible, the Ministry of Corporate Affairs has given a note to the Expenditure Finance Committee on changes required in it, according to official sources. These changes include bringing down the age limit as well the duration of the internship.
 
The ministry wants to test the scheme, now in its run-through stage, with the proposed alterations before rolling it out in a full-fle­dged manner.
 
The government is keen to have around 100,000 interns in the pilot stage before putting it on the table, the sources said.
 
For the dry run, the pilot project was approved with an allocation of ₹840 crore in 2024-25. In 2025-26, as on December 31, 2025, ₹64.91 crore was utilised, according to a Parliament statement by Harsh Malhotra, minister of state for corporate affairs, on Monday.
 
This year’s Budget has given the scheme ₹4,800 crore.
 
Of the ₹10,831 crore allocated to the PMIS in FY26, the ministry, in its revised estimates, showed ₹541 crore was utilised.
 
Malhotra told the Lok Sabha the reasons for the low take-up included location, with most candidates indicating 5-10 km as the ideal distance. The minister said the internship period of 12 months was longer than that in normal skilling programmes.
 
The ministry is trying to address some of these concerns by tweaking the scheme’s terms.
 
As on January 27, 3,417 interns in the first round have completed the course. However, 7,094 candidates left without completing it, the Parliament response stated.
 
The PMIS was announced in the Budget of July 2024. It aims to provide internship to 10 million young people spaced over top 500 companies and five years. As an initiation to this scheme, the ministry launched a pilot project on October 3 last year, and the target was giving 125,000 internships in a year.
 
In the first round, applicati­ons were received from about 181,000 candidates. 82,000 offers to more than 60,000 candidates and more than 28,000 offers were accepted.
 
In the second round, over 214,000 applied. Partner companies made over 83,000 offers, of which more than 24,600 were accepted.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :internshipsJobs IndiaMinistry of Corporate Affairs

Next Story