Prime Minister Internship Scheme (PMIS)
Why in News?
Recent updates suggest the monthly stipend has been enhanced to ₹9,000 for the 2026-27 cycle, up from the initial ₹5,000, to make the scheme more attractive to youth in urban centers.
Core Objectives
- Youth Empowerment: Targets providing 1 crore (10 million) internship opportunities over five years.
- Industry Exposure: Focuses on the top 500 companies (based on CSR spend) across 20+ sectors like IT, Banking, FMCG, and Manufacturing.
- Certification: Interns receive a Verified Completion Certificate issued jointly by the MCA and the participating company.
Financial Benefits
- Monthly Stipend: Interns receive ₹9,000 per month (based on latest 2026 updates), disbursed via Direct Benefit Transfer (DBT).
- One-time Grant: A grant of ₹6,000 is provided for incidentals upon joining.
- Insurance: Free life and accident insurance coverage is provided under PMJJBY and PMSBY for the duration of the internship.
Eligibility Criteria
To apply via my Scheme or the official portal, candidates must meet these rules:
- Age: Must be between 21 and 24 years (recent 2026 guidelines mention 18-25 for certain sectors).
- Education: Passed Class 10/12, ITI certificate, Polytechnic diploma, or a non-professional Graduation (BA, B. Sc, B. Com, BBA, etc.).
- Employment Status: Not currently in full-time employment or full-time regular education.
- Income Limit: Annual family income must not exceed ₹8 lakh (some recent reports cite ₹12 lakh as a revised threshold).
Ineligibility Conditions
The following are typically not eligible:
- Graduates from IITs, IIMs, IISER, NID, or National Law Universities.
- Those with professional degrees like MBBS, MBA, CA, CMA, CS, or PhD.
- Candidates already undergoing any government skill or apprenticeship program (like Clear Tax notes for NAPS/NATS).
- Children of regular/permanent government employees.
Program Structure
- Duration: Typically, 12 months (some 6–9-month variations exist in recent 2026 rounds).
- Work Experience: At least 50% of the duration must be spent in actual work environments, not classroom training.
- Location: Candidates can apply for up to 3 or 5 preferences based on location, sector, and functional role.
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