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Events / Political / India Extends PM Internship Scheme
Domestic internship scheme

India Extends PM Internship Scheme

Analysis based on 7 articles · First reported Apr 02, 2025 · Last updated Apr 16, 2025

Sentiment
40
Attention
3
Articles
7
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The extension of the Prime Minister Internship Scheme deadline by the India — India provides more opportunities for young professionals, potentially boosting skill development and future workforce quality. This initiative, announced by Nirmala Sitharaman, could positively impact participating companies like Maruti Suzuki, Larsen & Toubro, HDFC Bank, and Mahindra Group by providing a pool of trained interns.

Education Human Resources Government
Event Summary

The India — India has extended the registration deadline for the Prime Minister Internship Scheme (PMIS) to April 22, 2025, giving students and young professionals more time to apply. The scheme, announced by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25 and managed by the India — Ministry of Corporate Affairs, aims to provide 1 crore internship opportunities over five years. Selected interns will gain practical experience in India's top 500 companies, including Maruti Suzuki, Larsen & Toubro, HDFC Bank, and Mahindra Group. Interns receive a monthly stipend of Rs 5,000 (Rs 4,500 from the India — India and Rs 500 from the employer) and a one-time enrollment grant of Rs 6,000. Eligibility criteria include Indian citizenship, age between 21 and 24, and specific educational qualifications, with exclusions for graduates from premier institutions and those with family incomes exceeding Rs 8 lakh annually.

Key Actions
90 India — India extended deadline
80 Nirmala Sitharaman announced scheme
70 India — India provides stipend
60 India — Ministry of Corporate Affairs launched portal
Entities Involved
govactor
India — India
The India — India launched and funds the Prime Minister Internship Scheme (PMIS) to provide practical work experience to young individuals.
Importance 100.0 Sentiment 50.0
govactor
India — Ministry of Corporate Affairs
The India — Ministry of Corporate Affairs is responsible for extending the deadline and operating the official portal for the Prime Minister Internship Scheme.
Importance 70.0 Sentiment 30.0
per
Nirmala Sitharaman
Nirmala Sitharaman, as the Finance Minister, announced the Prime Minister Internship Scheme in the Union Budget 2024-25.
Importance 60.0 Sentiment 30.0
priv
Mahindra Group
Mahindra Group is listed as one of the top recruiters participating in the Prime Minister Internship Scheme.
Importance 20.0 Sentiment 10.0
stock
Maruti Suzuki
Maruti Suzuki is listed as one of the top recruiters participating in the Prime Minister Internship Scheme.
Importance 20.0 Sentiment 10.0
stock
Larsen & Toubro
Larsen & Toubro is listed as one of the top recruiters participating in the Prime Minister Internship Scheme.
Importance 20.0 Sentiment 10.0
stock
HDFC Bank
Importance 0.0 Sentiment 0.0
Relationships
Nirmala Sitharaman related ↔ HDFC Bank
Larsen & Toubro related ↔ HDFC Bank
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