Lok Sabha Question No. 1 (STARRED), answered on 2024-11-25
Subject: Strategies to Promote Internship under PMIS
Ministry: CORPORATE AFFAIRS
Asked by: Shri Bhartruhari Mahtab, Smt. Shobhanaben Mahendrasinh Baraiya

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## ANSWERED ON MONDAY THE 25 TH  NOVEMBER, 2024

## LOK SABHA STARRED QUESTION NO. 1* AGRAHAYANA 4, 1946 (SAKA)

## STRATEGIES TO PROMOTE INTERNSHIP UNDER PMIS QUESTION

- 1*.      Shri Bhartruhari Mahtab Smt. Shobhanaben Mahendrasinh Baraiya:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a) whether the Government has started Prime Minister Internship Scheme (PMIS) with a target to provide 1.25 lakh internships in the current financial year;
- (b) if so, the details thereof;
- (c)  the  strategies  implemented  by  the  Government  within  the  PMIS  to  promote internships in emerging sectors like fintech and green technologies, ensuring that interns gain relevant experience aligned with future job market trends;
- (d) the steps taken by the Government to ensure that the Prime Minister Internship Scheme  has  effectively  addressed  the  skill  gaps  in  the  corporate  sector, particularly for underrepresented and marginalised communities; and
- (e)  the  specific  metrics  used  to  evaluate  the  success  of  these  initiatives  and whether the aspiring youth's end goal of securing a job is one of them?

## ANSWER

THE MINISTER OF FINANCE AND CORPORATE AFFAIRS

[SRIMATI NIRMALA SITHARAMAN]

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

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STATEMENT REFERRED TO IN REPLY TO PART (a), (b), (c), (d)& (e) OF LOK SABHA STARRED QUESTION NO.1 TO BE ANSWERED ON 25 TH  NOVEMBER, 2024 REGARDING 'STRATEGIES TO PROMOTE INTERNSHIP UNDER PMIS '

- (a) &  (b) :  The  Prime  Minister's  Internship  Scheme  (PMIS)  was  announced  in  the Budget 2024-25.  It aims to provide internship opportunities to one crore youth in top  500  companies  in  five  years.  As  an  initiation  to  this  Scheme,  Ministry  of Corporate Affairs has launched a Pilot Project of the Scheme on 3 rd  October, 2024, which is targeted to provide internship opportunities to 1.25 lakh youth in the Financial  Year  202425. Guidelines containing details for Prime  Minister's Internship Scheme - Pilot Project are available at https://pminternship.mca.gov.in.
- (c):  The list of the top 500 companies selected on the basis of average Corporate Social  Responsibility (CSR) expenditure in the last 3 years, covers a large number of  diverse  sectors  including  Aviation  and  Defence,  Automotive,  Banking  and Financial Services, Chemical Industry, Oil, Gas and Energy etc. Further, to promote internships  in  emerging  sectors  Scheme  guidelines  have  a  provision  that  any company/ bank/ financial institution desirous of participating in the Scheme may approach the Ministry of Corporate Affairs (MCA), which would take a view keeping in view under represented sectors.
- (d):   PM  Internship Scheme provides an opportunity to the youth to get training and gain experience and skills within the real-life environment of various businesses or organizations with the intention of enhancing their employability by bridging the gap between academic learning and industry requirements. At least half of the internship period of 12 months is to be spent in the actual working experience/ job environment. The Scheme is being implemented through an online portal which has features enabling companies to upload internship opportunities, application by youth for internships, followed by the selection by the company and joining process.   A pool of candidates, based on the applications, is shortlisted for each internship  opportunity  through  the  portal.  The  shortlisting  process  is  based  on criteria which prioritizes lower employability and is aimed at promoting diversity and social inclusivity in the internship program.
- (e): The Guidelines of the PM Internship Scheme Pilot Project provide for constitution of a Monitoring and Steering Committee comprising of all stakeholders including industry representatives to oversee design implementation, operations and other aspects.    Further,  a  concurrent  Monitoring,  Evaluation  and  Learning  (MEL) framework  is  also  provided  for  to  enable  tracking  of  the  outcomes  as  well  as ensure corrective actions during the course of implementation of the pilot project. Additionally,  the  Ministry  of  Corporate  Affairs  (MCA),  in  collaboration  with  IIM Bangalore,  Delhi  School  of  Economics  and  Symbiosis  Institute  of  Business Management, has initiated a survey to gather feedback from various stakeholders and analyze the scheme's impact as it continues to be implemented.

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