Archive · 14 Jan 2026
PM Internship Scheme Underutilizes Funds
The Prime Minister’s Internship Scheme (PMIS) is not doing well.
The government gave a lot of money for it, but only a small part was used.
Many people applied for the internships, but not many accepted the offers.
The government thinks the small amount of money given to interns might be why.
The scheme wants to give one crore internships in five years, but so far, it is not going as planned.
Only a few interns have completed their internships.
The government has not explained why this is happening.
The Ministry of Corporate Affairs spent only 4% of its ₹11,500 crore budget for PMIS in the first eight months of FY26.
In FY25, the budget was revised down to ₹1,078 crore from ₹2,667 crore due to poor utilization.
Only 34% of offers were accepted in the first round of PMIS, with 2,066 interns completing their internships.
The second round saw an acceptance rate of below 30%.
Interns receive ₹5,000 per month, a one-time grant of ₹6,000, and insurance coverage.
- Who
- Ministry of Corporate Affairs, Finance Minister Nirmala Sitharaman
- What
- Poor utilization of funds and low participation in the Prime Minister’s Internship Scheme (PMIS)
- When
- April-November 2025 (FY26), FY25
- Where
- India
- Why
- Low acceptance rates and limited interest among candidates due to meagre financial assistance
- Budget Allocation (FY26)
- ₹11,500 crore
- Actual Expenditure (April-Nov 2025)
- ₹500 crore
- Funds Earmarked for PMIS (FY26)
- ₹10,800 crore
- FY25 Budget Revision
- ₹1,078 crore (from ₹2,667 crore)
- FY25 Actual Expenditure
- ₹680 crore
- Applications (First Round)
- 6.21 lakh
- Internship Opportunities (First Round)
- 1.27 lakh
- Offers Made (First Round)
- 82,000
- Offers Accepted (First Round)
- 28,000
- Acceptance Rate (First Round)
- 34%
- Interns Completed (First Round)
- 2,066
- Offers Made (Second Round)
- 83,000
- Offers Accepted (Second Round)
- 24,600
- Acceptance Rate (Second Round)
- Below 30%
- Monthly Stipend
- ₹5,000
- One-time Grant
- ₹6,000
- Insurance Coverage
- Included
- Scheme Goal
- 1 crore internships in 5 years