Lok Sabha Question No. 1086 (UNSTARRED), answered on 2024-12-02
Subject: Challenges in Implementation of PMIS
Ministry: CORPORATE AFFAIRS
Asked by: Dr. Shrikant Eknath Shinde, Shri Rajesh Verma, Smt. Shambhavi, Shri Naresh Ganpat Mhaske

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA

## ANSWERED ON MONDAY THE 02 ND  DECEMBER, 2024

## UNSTARRED QUESTION NO. 1086 AGRAHAYANA 11, 1946 (SAKA)

## CHALLENGES IN IMPLEMENTATION OF PMIS

## QUESTION

1086.  Shri Naresh Ganpat Mhaske:

Smt. Sambhavi:

Dr. Shrikant Eknath Shinde:

Shri Rajesh Verma:

## Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a) whether the Government has undertaken any measures to enhance the professional efficiency of undergraduates and research scholars and if so, the details thereof;
- (b) the details of  the  "PM's  Internship  Scheme  (PMIS)"  to  enhance professional growth;
- (c) the way by which the effectiveness of the Scheme to be measured beyond the initial matching of interns with companies;
- (d) the specific challenges that might arise in implementing the internship placements in less industrialized States like Maharashtra and the way by which it will be mitigated;
- (e) the amount of budget expected to be utilized under the scheme during the current year; and
- (f) the number of expected beneficiaries of the scheme?

## ANSWER

MINISTER OF STATE OF THE MINISTRY OF CORPORATE AFFAIRS AND MINISTRY OF ROAD TRANSPORT AND HIGHWAYS

## [SHRI HARSH MALHOTRA]

- (a): To enhance professional efficiency of undergraduates, Department of Higher Education is implementing Pradhan Mantri Uchchatar Shiksha Protsahan Yojana (PM -USP)  which  has  three  component  schemes,  namely  (i)  Central  Sector Scheme of  Scholarship  for  College  &  University  students  (CSSS);  (ii)  Special Scholarship  Scheme  for  Jammu  &  Kashmir  and  Ladakh  (SSS  for  J&  K  and Ladakh); (iii)  Central  Sector  Interest  Subsidy  Scheme  (CSIS).  These  Schemes provide an equal opportunity to all the students to have an access to education and plays an important role in achieving professional efficiency.

PM Vidyalaxmi Scheme was also launched on 06.11.2024 to provide financial support to meritorious students of quality Higher Educational Institutions in the form of collateral free and guarantor free educational loans to cover full amount of  tuition  fees  and  other  expenses  related  to  the  course.    Additionally,  for

- students with annual family income upto Rs. 8 lakhs and who are not eligible for benefits  under  any  other  government  scholarship  or  interest  subvention schemes,  a  3%  interest  subvention  for  loan  up  to  Rs.10  lakhs  will  also  be provided during moratorium period.

Further, All India Council for Technical Education (AICTE) has also taken various measures  to  enhance  the  professional  efficiency  of  undergraduates  and research scholars, by incorporating a research component along with a sound academic foundation, which enables students to develop independent critical thinking  skills  along  with  oral  and  written  communication  skills.  AICTE  also promoted  various  schemes  to  enhance  technical  education  for  students  and faculty in its approved institutions.

- (b): The Prime Minister's Internship Scheme (PMIS) announced in the Budget 2024 -25,  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 at providing 1.25 lakh internship opportunities in the Financial Year 2024-25. PM Internship Scheme provides an opportunity to the interns 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  his/her employability. Guidelines of the PM Internship Scheme-Pilot Project are available at www.pminternship.mca.gov.in.
- (c) and (d): The Guidelines of the PM Internship Scheme- Pilot Project provide for constitution  of  a  Monitoring  and  Steering  Committee  to  oversee  design implementation, operations and other aspects of the Scheme across the country, including  in  the  State  of  Maharashtra.  Further,  a  concurrent  Monitoring, Evaluation and Learning (MEL) framework is also provided to enable tracking of the  outcomes  as  well  as  to  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  impact  as  it continues to be implemented.
- (e):  For  the  Pilot  Project  of  the  Scheme,  an  amount  of  Rs.  840  crores  has  been approved.
- (f):  As  on  date,  1.27  lakh  Internship  Opportunities  have  been  posted  by  the companies for the Pilot Project of the PM Internship Scheme for the FY 2024-25. Against  these,  approximately  6.21  lakh  applications  have  been  received  and selection process by the companies is ongoing.
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