Are you a young Indian aged 21-24 looking to kickstart your career with practical skills, financial support, and exposure to top companies? The Prime Minister’s Internship Scheme (PMIS), also known as PM Internship Yojana, is one of the most ambitious government initiatives to empower youth. Launched in 2024 and continuing strongly into 2026, this scheme aims to provide internships to 1 crore (10 million) youth over five years in India’s top 500 companies.
As of January 2026, the program has successfully rolled out pilot phases with hundreds of thousands of opportunities, and registrations remain active through the official portal. It bridges the gap between academic education and industry demands by offering hands-on “on-the-job” training, monthly financial assistance, insurance coverage, and a certificate that boosts your resume.
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This expanded guide covers everything you need to know in detail — from objectives and eligibility to the latest status, benefits, application steps, and more.
What is the PM Internship Yojana?
The Prime Minister’s Internship Scheme is a flagship program under the Ministry of Corporate Affairs (MCA), Government of India. Announced in the Union Budget 2024-25, it was officially launched on October 3, 2024.
Key Highlights:
- Overall Target: 1 crore internships over 5 years (2024-2029).
- Pilot Phase Launch: Started with 1.25 lakh opportunities in late 2024.
- Progress So Far: By early 2025, Round 1 and Round 2 saw over 1.18 lakh+ opportunities posted by 327+ companies, with thousands of acceptances and completions.
- Duration of Internship: 12 months (including hands-on training in real business environments).
- Sectors Covered: 24 major industries, including oil & gas, energy, banking, financial services, automotive, manufacturing, travel & hospitality, IT, FMCG, and more.
- Matching System: The portal uses AI tools to match candidates’ profiles with company needs and locations.
The scheme targets youth who face challenges in finding jobs due to lack of experience, especially from low-income or rural backgrounds. It promotes skill development, employability, and contributes to India’s vision of becoming the “Skill Capital of the World.”
Objectives of the Scheme
The primary goals include:
- Bridging the skill gap between classroom learning and industry requirements.
- Providing practical, real-world exposure to enhance employability.
- Offering financial support to make internships accessible for all eligible youth.
- Encouraging top companies to invest in youth development through CSR funds.
- Ultimately reducing youth unemployment and building a skilled workforce for Atmanirbhar Bharat.
Over five years, this initiative is expected to transform career prospects for millions.
Eligibility Criteria – Who Can Apply?
To qualify for the PM Internship Yojana 2026:
- Nationality: Must be an Indian citizen.
- Age Limit: 21 to 24 years (as on the last date of application submission).
- Educational Qualifications:
- Class 10 pass.
- Class 12 pass.
- ITI certificate holders.
- Diploma holders (polytechnic or equivalent).
- Graduates (e.g., BA, B.Sc, B.Com, BBA, etc.).
- Other Conditions:
- Not in full-time education or full-time employment (contractual employees may be excluded in some cases).
- Exclusions: Graduates from elite programs like IIT, IIM, or professional courses like CA are typically not eligible, as the focus is on those needing basic industry exposure.
This inclusive approach ensures opportunities reach those who need them most.
Key Financial & Other Benefits
The scheme makes internships financially viable and secure:
- Monthly Stipend: ₹5,000 per month (₹4,500 from the government via Direct Benefit Transfer + ₹500 from the company’s CSR funds).
- One-Time Joining Grant: ₹6,000 to cover initial expenses (paid upon successful joining).
- Insurance Coverage: Full protection under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) — premiums paid by the government. Some companies may offer additional accidental coverage.
- Certificate: Government-recognized completion certificate to strengthen your CV.
- Additional Perks: Networking opportunities, mentorship, and potential pathways to permanent jobs.
These benefits total around ₹66,000 in direct financial support over 12 months.
Documents Required for Registration
Prepare these in digital format (scanned copies):
- Aadhaar Card (for E-KYC verification).
- Educational certificates/mark sheets.
- Recent passport-size photograph.
- Bank account details (passbook or cancelled cheque for stipend transfer).
- PAN Card (optional but recommended).
Having these ready ensures a smooth application.
Step-by-Step Application Process
The entire process is 100% online via the official portal:
- Visit the official website: https://pminternship.mca.gov.in.
- Click on ‘Register’ or ‘Youth Registration’ and enter your mobile number for OTP verification.
- Complete Aadhaar-based E-KYC and fill in personal, educational, and preference details.
- Browse and select up to five internship opportunities based on your qualifications, location preferences, and available roles.
- Submit the application and save/print the confirmation for reference.
- Track your status via the portal or the dedicated mobile app (launched in March 2025).
Tip: Monitor the portal regularly for new rounds, as applications are ongoing or phased. A helpline (1800-116-090) is available for support.
Participating Companies & Opportunities
Top companies voluntarily participate, including giants like:
- Reliance Industries
- Tata Group (e.g., TCS)
- Mahindra
- Infosys
- HCL Technologies
- Bajaj Finance
- Hero MotoCorp
- And many more from the top 500.
Opportunities span sales, marketing, technical roles, HR, operations, and more across 745+ districts.
Why This Scheme is a Game-Changer for Freshers
For many young people, the biggest hurdle is “experience required” for jobs. This scheme provides exactly that — real corporate exposure, skill-building, financial independence, and a strong resume boost. Successful completers often find better job prospects afterward.
Latest Status as of January 2026
Pilot phases (2024-2025) saw high interest (over 650,000 applications in early rounds) but ongoing scaling. Applications for 2025 phases are closed, but new cycles for 2026 are expected soon — check the official portal for updates. The scheme continues to expand, with increased budget allocations in recent years.
Always verify the latest on pminternship.mca.gov.in, as it’s the authoritative source.
Important Links:
| Home page | Click here |
| Join WhatsApp group | Click here |
| Official Website | Click here |
Frequently Asked Questions (FAQs)
To provide 1 crore internships over five years, focusing on skill development and employability in top companies.
₹5,000 per month + ₹6,000 one-time grant + insurance coverage.
Full-time students/employees or graduates from elite programs (IIT/IIM/CA).
Yes, via pminternship.mca.gov.in or the mobile app.
Top 500 firms like Reliance, Tata, Mahindra, Infosys, etc.
12 months
No — it’s designed for freshers and youth without experience.
No, but recommended.
Yes, you can apply to multiple options; AI matches help.
Check the official portal regularly — new phases are announced periodically.
Use the helpline 1800-116-090 or contact via the portal.
This scheme is your stepping stone to a brighter career — register today and take charge of your future!
