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According to officials, it appears to be a “supply-mang mismatch”, in which it does not match the job profile with merit with merit, which can be offered by companies that are on-boards to offer internship opportunities.
The scheme aims to provide young people between the ages of 21 and 24 from low -income homes, with 12 months internship opportunities in the top 500 companies in the country, with a stipend of Rs 5,000 per month (in addition to a grant of Rs 6000).
Union Finance Minister Nirmala Sitarman has asked more companies to participate in the PM Internship Scheme (PMIS), stating that the number of candidates who accepted the Internship proposals in the first round, citing a large national interest after the number has come down.
AyraNews24x7 has learned that some corporate firms are coming forward to expand the internship proposals to the eligible students under the recently launched PMIS, as possibly due to “supply-demand”, with a significant number of people who need to be skilled for the said role before providing it an opportunity.
The scheme, declared during the 2024-25 annual budget, aims to provide young persons between the age of 21 and 24 from the age of 21 and 24 from the age of 21 and 24 from the age of 21 and 24 in the top 500 companies of the country, with the age of 21 and 24, which with Rs 5,000 per month (in addition to a grant of Rs 6000).
The ambitious scheme being implemented by the Ministry of Corporate Affairs is aimed at the purpose of skill differences and goals for the facility of internship for one crore youth in the next five years.
The second round of the scheme started in January and the applications will be closed on 31 March. “I would appeal to the industry to ensure that the rest of them, beyond those who have come forward, should also participate.
‘Supply-demand missamach’
According to The officials, it appears to be a “supply-mang mismatch”, in which it does not match the job profile with merit with merit, which can be introduced by these companies that have been on-boarded to offer internship opportunities.
“The eligibility criteria of the scheme is such that the people applying are not fit in the profiles posted by the companies. While the firms need skilled persons, they are not able to find many suitable candidates for the necessary job profiles. We are interacting with firms, which are to discuss possible opportunities, which are associated with this process.
While the dashboard on the PMIS website suggests that a total of 1,18,000 internship opportunities posted by various firms in 25 regions, 735 districts and 36 states have been offered, it does not provide the number of internship offers given so far under the scheme. When the portal was opened in October, the number of internships on the proposal was 1.25 lakhs.
The scheme meets five categories of eligible students under it -Pressure Bachelor (from non -Principal Institutions); Class 10 pass; Class 12 pass; ITI and Diploma holder.
According to the PMIS dashboard, each of these qualifications are the number of internship opportunities – graduates (36,902); Class 10 pass (24,696); Class 12 pass (15,142); ITI (23,629) and Diploma (18,589).
The number of internship opportunities posted by companies in big states including Uttar Pradesh (UP), Madhya Pradesh (MP), Maharashtra, Gujarat, Rajasthan, Tamil Nadu, and Karnataka has been less, among others.
PMIS dashboard shows that only 7,710 opportunities have been posted under UP, of which 2,676 are for graduates, 2,387 for class 10, 1,221 for ITI, 1,221 for ITI, 89 for class 12 and 617 for diploma.
Similarly, the MP has only 5,209 opportunities and under this, Rajasthan has 4,837. States like Maharashtra, Gujarat, Karnataka and Tamil Nadu are slightly better, posted 15,118, 10,504, 9,209 and 15,067 opportunities respectively.
“For a plan to move forward, the eligible students under it – mostly class 10 and 12 passes – need to be skilled on the basis of industry -located in their area.
‘The eligibility situation needs to be strengthened’
The portal opened registration for the first phase starting from October last year. The second phase of the application was to be opened in December and ended on March 12, but the last date to apply has now increased till 31 March.
The number of valid applications being obtained is yet to climb. In the first phase, the ministry said that it received around six lakh applications. Of these, this is learned, only two lakh applications are valid only or only several are eligible for the benefits of the scheme.
“The number of legitimate applications or the number of those who fit the eligibility criteria is less. The second phase is still going on. The number of students registering is more, but when the applications are filtered, it comes in relatively small number. It comes in a relatively small number. Not. The officer said.
Other conditions of the scheme are that any family member of the applicant should not earn more than Rs 8 lakh per year and no member in the family has a government job.
For more youth falling in this bracket, these conditions should be taught or fine-tuned to be able to apply and achieve the experience of the industry, the other official said.
To promote the number of applications, the Ministry has recently introduced a resolution – ‘See a friend’ – where students can earn reward marks by referring to their friends. The reward points will be given by the person on a successful application which is referred to. This proposal is pop up due to visiting the official PMIS website. Apart from this, the Ministry is posting advertisements on social media and other such platforms to reach the youth.
