Latest news with #PrimeMinisterInternshipScheme
The Hindu
5 days ago
- Business
- The Hindu
468 applicants got 184 internship offers under PMIS pilot project in DK, Udupi districts
In all, 468 people filed 1,275 applications in the first and second rounds of the Prime Minister Internship Scheme (PMIS) pilot project in Dakshina Kannada and Udupi districts, according to the Union government. The number of offers by companies stood at 184, Harsh Malhotra, Union Minister of State for Corporate Affairs and Road Transport and Highways, told the Rajya Sabha on Tuesday. He replied to an unstarred question by member Narayana Koragappa. The Minister said that PMIS was announced in the 2024-25 Budget. It aims to provide internship opportunities to 1 crore youth in the top 500 companies in five years. As an initiation to this scheme, a pilot project for providing 1.25 lakh internships in one year was launched on October 3, 2024. Of 468 applicants, 266 were from Dakshina Kannada and 202 from Udupi district, the Minister said. He said that 698 of 1,275 applications were from Dakshina Kannada and the remaining 577 from Udupi district. Of the number of internship offers made, 106 were for applicants from Dakshina Kannada and 78 for those from Udupi, he said. In Karnataka Mr. Malhotra said that in the first round of the project, partner companies made over 82,000 internship offers, out of which over 3,098 were made to candidates from Karnataka. In the second round of the project, as on July 30, 2025, partner companies made over 74,000 offers across the country, of which over 2,245 were made to candidates from Karnataka. Currently, rolling out of offers and the process of acceptances/ joining by interns in round II is in progress, he said. In the first round of the project, the partner companies posted over 1.27 lakh internship opportunities across the country. In the next round, which commenced on January 9, 2025, 327 companies posted over 1.18 lakh internship opportunities (new and edited unfilled opportunities of previous round) across 735 districts of the country, he added.
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Business Standard
31-07-2025
- Business
- Business Standard
PMIS needs independent review, relaxed norms for inclusion: Parl panel
The Prime Minister Internship Scheme (PMIS) must undergo periodic independent evaluations to improve transparency and should ease eligibility norms for marginalised and economically weaker candidates, the Standing Committee on Finance has recommended. In its report submitted to Parliament on Thursday, the committee, chaired by Member of Parliament Bhartruhari Mahtab, said challenges relating to inclusivity, monitoring, stakeholder participation, and post-internship outcomes continue to impact the scheme's budget efficiency. The scheme was allocated Rs 2,000 crore in the Budget Estimates for FY25, but the Revised Estimates reduced this to Rs 380 crore. 'These funds suffice for the pilot phase, but dynamic reassessment of financial needs is crucial for scaling up,' the panel noted. The committee raised concerns over the blanket exclusion of candidates from families of regular government employees, calling the provision unwarranted. Many such families, it noted, may still require support under the scheme. It also emphasised that lack of support for living expenses could prevent candidates from remote or underserved regions from participating, thereby weakening the programme's inclusivity and limiting the diversity of talent. Further, the panel urged the government to build a robust system to monitor and track the internship-to-employment conversion rate, calling it a key success metric for the scheme. To broaden the scheme's reach, the panel recommended stronger engagement with small and medium enterprises (SMEs), startups, and regional stakeholders to ensure inclusive sectoral and geographic representation across the internship programme. The committee also addressed delays under the Insolvency and Bankruptcy Code (IBC), recommending the creation of fast-track tribunals with strict timelines for high-priority cases. To enhance efficiency, it also proposed exploring a public-private partnership (PPP) model to streamline judicial processes—citing the success of privatised Seva Kendras—and called for improved infrastructure for the National Company Law Tribunal (NCLT). In its response, the Ministry of Corporate Affairs told the committee that changes to the IBC and reforms to strengthen both tribunal and appellate mechanisms would be initiated. 'Additional tribunals will be established,' it said. The panel urged the government to 'provide clearer guidelines on the treatment of government dues, especially taxes and penalties, ensuring equitable and transparent resolution of government claims.' The committee also recommended mandating a 14-day processing period for insolvency applications and raising competency standards for resolution professionals through rigorous certification, specialised training, and independent performance reviews. 'By addressing delays, competency gaps, and broadening stakeholder engagement, along with leveraging technology and domain expertise, the IBC can further enhance its impact on India's economy, ensuring faster resolutions and boosting investor confidence,' the panel concluded. Taking note of the discontinuation of disinvestment targets, the Standing Committee on Finance, in its report submitted to the Parliament on Thursday, pressed upon the government to keep in mind the importance of strategic disinvestment in reducing the fiscal burden and promoting efficiency. The government told the committee that a calibrated disinvestment strategy is an integral part of the value creation process, keeping the interests of minority shareholders in mind. The standing committee in its report on the Department of Economic Affairs, stressed on the need for realistic preparation of estimates and efficient utilisation of allocated funds. 'The Department of Economic Affairs, being the nodal Department in formulation of the Budget, is expected to observe the requisite financial norms and maintain fiscal prudence while making budgetary allocations,' the panel said. Noting that budget estimates for interest payments on both gross and net basis have shown an increase over the years, the committee said, 'Given that the interest payment estimates are closely linked to market conditions; building budget buffer would allow the Government to respond swiftly and flexibly during any adversities that may arise due to global macroeconomic and geopolitical developments.' The panel has asked the government to explore all possible ways and means in collaboration with State Governments to achieve more consistent inflation control across the country. The committee in its report also appreciated the increased allocation for capital expenditure, which it said would enhance India's global competitiveness and fast-track sustainable economic development.
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Business Standard
28-07-2025
- Business
- Business Standard
71,000 offers made in second round of PM internship pilot project
The Prime Minister Internship Scheme's Pilot Project has received applications nearly four times the total 1.18 lakh internship opportunities offered by 327 companies, according to a parliamentary reply. However, these companies have made a total of 71,000 internship offers so far, Minister of State for Corporate Affairs Harsh Malhotra informed the Lok Sabha on Monday. 'Currently, rolling out of offers and the process of acceptances and joining by interns is in progress,' the reply stated. In the first round of the pilot project, fewer than 15 per cent of candidates who were offered internships ended up joining the scheme. Malhotra said 22 per cent of the total applications in the second round were from Scheduled Caste and Scheduled Tribe candidates, of whom 16.8 per cent received internship offers. In the first round, partner companies made over 82,000 internship offers to more than 60,000 candidates, out of which over 28,000 accepted the offers. Ultimately, around 8,700 candidates joined their internships. The government has utilised approximately ₹50 crore under the scheme since its inception. For FY26, an allocation of ₹10,831.07 crore has been made in the Union Budget for the PM Internship Scheme (PMIS), according to the reply. Data from the Ministry of Corporate Affairs (MCA) showed that Assam led the states with the highest number of internship candidates at 1,408, followed by Uttar Pradesh with 1,067. Among the participating companies, Oil and Natural Gas Corporation Limited offered the highest number of internships at 841, followed by Oil India Limited with 492 opportunities. In Round II of the PM Internship Scheme Pilot Project, which commenced on 9 January 2025, about 327 partner companies posted over 1.18 lakh internship opportunities. Against these, approximately 4.55 lakh applications were received from more than 2.14 lakh applicants. As of 15 July 2025, Malhotra said, partner companies had made over 71,000 offers. The Prime Minister Internship Scheme (PMIS) was announced in the Union Budget for 2024–25. It aims to provide internship opportunities to one crore youth in the top 500 companies over five years. The pilot project, targeting 1.25 lakh internship opportunities in one year, was launched on 3 October 2024. 'The shortlisting process is aimed at promoting diversity and social inclusivity in the internship programme through representation of Scheduled Castes, Scheduled Tribes, Other Backward Classes, and Persons with Disabilities in the shortlist sent to the concerned company for further selection as per their respective processes and criteria,' Malhotra informed Parliament.
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Business Standard
28-07-2025
- Business
- Business Standard
71,000 offers made in second round of PM internship scheme pilot
Over 4.5 lakh applications received for 1.18 lakh internship opportunities in the PM Internship Scheme's second pilot phase; low joining rate noted in first round premium Ruchika Chitravanshi New Delhi Listen to This Article The Prime Minister Internship Scheme's Pilot Project has received applications nearly four times the total 1.18 lakh internship opportunities offered by 327 companies, according to a parliamentary reply. However, these companies have made a total of 71,000 internship offers so far, Minister of State for Corporate Affairs Harsh Malhotra informed the Lok Sabha on Monday. 'Currently, rolling out of offers and the process of acceptances and joining by interns is in progress,' the reply stated. In the first round of the pilot project, fewer than 15 per cent of candidates who were offered internships ended up joining the scheme. Malhotra
News18
26-07-2025
- Politics
- News18
‘Malaise' has plagued PMs apprenticeship scheme: Congress
New Delhi, Jul 26 (PTI) The Congress on Saturday alleged that 'malaise" has plagued the PM's apprenticeship scheme, claiming that the hallmark of the Modi government has been to make grand announcements with 'zero" follow through. Congress general secretary in-charge of communications, Jairam Ramesh, cited a media report that claimed a decline in offers and acceptance rate in the PM Internship Scheme. 'We had previously flagged that the Prime Minister Internship Scheme (PMIS) – inspired by Congress' 2024 Lok Sabha campaign guarantee of 'Pehli Naukri Pakki', a year-long apprenticeship for all graduates and diploma-bearers – is being botched by a government with no administrative talent," Ramesh alleged in a post on X. In May, Ramesh claimed that Modi government's flagship PMIS launched in October 2024 was off to a 'stuttering start" with a low turnout and high attrition. 'It now emerges that the same malaise continues to plague this scheme many months on – 1.18 lakh internship opportunities were opened through PMIS in round two, but only 71,458 offers were made. This is a drop of 13 per cent compared to round one when 82,077 roles were on offer," Ramesh claimed. Till July 17, he further claimed, just 22,584 of the 71,458 offers were accepted by the candidates – less than the 28,000 students who accepted the internship in round one. 'In round one, only 8,725 (7 per cent) of the 28,000 students who accepted the internship offers actually joined the company they were placed at. We are yet to find out how many joined the internship in this round," Ramesh said. 'The funds allocated under this scheme remain constantly under-utilised and the internships actually completed under this programme are minimal – a far cry from the government's stated goal of 1 crore internships in the next five years," the Congress leader added. Ramesh also claimed that the UPA government launched and successfully implemented some of the most complex and elaborate government programmes in the world – the MGNREGA, the Food Security Bill, and Right to Education. 'This government's hallmark has been to make grand announcements with zero follow through – simply because it runs on the whims and fancies of one man," he alleged. PTI SKC ARI view comments First Published: July 26, 2025, 21:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
