Internships

MBBS and BDS interns across medical colleges in Jammu and Kashmir went on an indefinite strike over low stipend and staged dharnas in Jammu, seeking an increase in their monthly stipend from the existing Rs 12,300 to Rs 30,000. The protesting interns said their stipend had remained unchanged for nearly seven years despite repeated representations and protests, while the cost of living and stipends offered to interns in several other states had increased substantially. Dr Shahnawaz, a protesting intern, said MBBS and BDS interns across J-K had joined the strike over the long-pending demand. "Our stipend has remained at around Rs 12,300 for seven years. In several other states, interns are getting between Rs 25,000 and Rs 45,000. We are performing the same duties, including 24-hour and night shifts and rural postings, but are being paid only around Rs 400 a day," he said. He claimed their stipend was Rs 12,300, whereas in several states it ranged from Rs 30,000 to Rs 45,000 or more.

Local HFT companies are also expanding into asset classes beyond Indian equity derivatives and overseas markets, further boosting demand for talent.

Sitharaman said the scheme gives young people hands-on workplace experience and industry exposure to address the gap between formal training and employers' expectations

The PMIS was announced in the Budget 2024-25 with a total outlay of Rs 63,000 crore over five years for the main scheme, which is yet to commence

SBI offers an opportunity to students through the Summer Internship Programme 2026. This programme will provide students with hands-on exposure to the banking and financial sector

MCA Secretary Deepti Gaur Mukerjee said companies must reflect on the quality of internships and workplace appeal under the Prime Minister Internship Scheme

The Defence Research and Development Organisation (DRDO) has opened registrations for its 2026 internship programme, with registrations underway until May 15

The Prime Minister Internship Scheme pilot has widened the age band, raised stipends to Rs 9,000, and reduced duration to 6-9 months to improve participation

Gen Z wants growth over pay, but only 36% firms ready: Unstop report

PMIS, ELI and NAPS show promise but face low uptake, funding gaps and weak industry linkages, raising concerns over scale and job outcomes

The corporate affairs ministry has moved a proposal to tweak age limits and internship duration in the PM Internship Scheme pilot to improve participation ahead of a full rollout

The PM Internship Scheme had been allocated ₹10,831 crore in the Budget Estimates for 2025-26, but this was later slashed by about 95 per cent to ₹526 crore in the Revised Estimates

The third pilot of Prime Minister Internship Scheme is expected to launch from mid-January, with changes such as shorter durations in some sectors after a fall in acceptance rates in earlier rounds

For many candidates, particularly from smaller towns, moving to other places, even if the distance involved is short, for modestly paid internships carries real opportunity costs

The Sports Ministry has rolled out a Comprehensive Internship Policy offering 452 paid internships a year across SAI, NADA and NDTL, with a Rs 20,000 monthly stipend

The Prime Minister Internship Scheme (PMIS) aims to provide internship opportunities to one crore youth in the top 500 companies in five years

This comes as MCA is placing first batch of interns as it races for full roll out

The launch of the full fledged scheme would be based on the feedback received from the stakeholder consultations and evaluation of outcomes during the implementation of the Pilot Project

Round two of the Prime Minister Internship Scheme saw 30 per cent of offers accepted versus 34 per cent in the first, with Andhra Pradesh topping state-wise applications

The government on Monday said location considerations and duration of internships are among the reasons for applicants not accepting offers made under the pilot project of the PM Internship Scheme (PMIS). The scheme, announced in the 2024-25 Budget, aims to provide internship opportunities to 1 crore youth in top 500 companies in 5 years and is being implemented by the corporate affairs ministry. The pilot project of PMIS that commenced on October 3, 2024, targets to provide 1.25 lakh internship opportunities to the youth in 1 year and in the first round, 280 partner companies posted more than 1.27 lakh internship opportunities. "Against this, more than 6.21 lakh applications were received from about 1.81 lakh candidates. Partner companies made over 82,000 internship offers and more than 28,000 candidates accepted offers to join the internship. Over 8,700 candidates joined their internship in the round I," Minister of State for Corporate Affairs Harsh Malhotra told the Lok Sabha on