Lok Sabha Question No. 182 (STARRED), answered on 2024-12-09
Subject: Employment Linked Incentive under PMIS
Ministry: CORPORATE AFFAIRS
Asked by: Shri Sachithanantham R

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA STARRED QUESTION NO. 182* ANSWERED ON MONDAY THE 9 TH  DECEMBER, 2024 AGRAHAYANA 18, 1946 (SAKA)

## EMPLOYMENT LINKED INCENTIVE UNDER PMIS QUESTION

- 182*.  SHRI SACHITHANANTHAM R:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a) the list of companies which are enrolled in the employment linked incentive scheme of PMIS announced for 2024-25;
- (b) the details of the production/operations in which each company will engage the interns; and
- (c) the manner in which a short period of employment proposed in the scheme will provide employment guarantee for the youth?

## ANSWER

THE MINISTER OF FINANCE AND CORPORATE AFFAIRS [SRIMATI NIRMALA SITHARAMAN]

(a) to (c) : A Statement is laid on the Table of the House.

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STATEMENT  REFERRED  TO  IN  REPLY  TO  PART  (a),  (b)  &  (c)  OF  LOK  SABHA STARRED  QUESTION  NO.  182*  TO  BE  ANSWERED  ON  9 TH   DECEMBER,  2024 REGARDING ' EMPLOYMENT LINKED INCENTIVE UNDER PMIS '

(a) to (c): The Prime Minister's Internship Scheme (PMIS/Scheme) a nnounced in the Budget 2024-25, aims to provide internship opportunities to one crore youth in top 500 companies in five years. It is neither an employment linked incentive scheme nor a scheme to provide employment. It provides an opportunity to the youths to get training, gain experience and skills within the real-life environment of the businesses or organizations that helps in bridging the gap between  academic  learning  and  industry  requirements,  in  turn,  assisting enhancement  of  her/his  employability.  Further,  in  the  guidelines  of  the  PM Internship Scheme-Pilot Project which are available at www.pminternship.mca.gov.in, it is clarified that an offer of internship would not  give  rise  to  any  contractual  or  legal  relationship  of  employer-employee between the Ministry, or the concerned company, and the selected intern. It is also clarified that such an offer of internship can neither be construed to be in the  nature  of  an  offer  or  promise  of  future  employment  by  the  concerned company or Ministry, during or after the period of internship. As  an  initiation  to  this  Scheme,  a  Pilot  Project  of  the  Scheme  targeted  at providing 1.25 lakh internship opportunities has been launched on 03.10.2024 for the Financial Year 2024-25.   The top 500 companies have been identified by the Ministry on the basis of their average CSR expenditure of the last three years.  Apart from these, any other company/ bank/ financial institution desirous of participating in the Scheme, may do so with the approval of the Ministry of Corporate  Affairs  (MCA),  which  would  take  a  view  keeping  in  view  under represented  sectors  and  areas  in  the  above  mentioned  500  companies. Participation of companies in the Scheme is voluntary. The list of the partner companies is available on https://pminternship.mca.gov.in. List of the partner companies covers a large number of diverse sectors like Aviation and Defence, Automotive, Banking and Financial Services, Chemical Industry,  Oil,  Gas  and  Energy  and  roles  in  different  areas  such  as  sales, accounting,  supply  chain  management,  process  associate,  manufacturing associate  and  plant  operation  etc.  In  the  Pilot  Phase,  1.27  lakh  Internship Opportunities have been offered by the companies from 25 Sectors.

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