Only one in five candidates accepted PM Internship Scheme offers, and 20% of them quit early
GS3Economy · S&T · Environment · Security· Employment & inclusive growth· Prelims + Mains·
Why in news
The Prime Minister Internship Scheme (PMIS) faced low uptake and high attrition during its pilot phase, leading the government to revise its budget downward.
Background
The PMIS pilot project aimed to provide 1.25 lakh internship opportunities in India's top 500 companies. Out of 1.65 lakh positions offered, only 33,300 were accepted, with 6,618 candidates quitting prematurely.
Facts for Prelims
- FactPMIS pilot project target: 1.25 lakh internship opportunities in top 500 companies
- FactPMIS pilot project budget revision: reduced from ₹840 crore to ₹380 crore
- FactPMIS internship duration: 12 months
For Mains
Q. Analyze the structural challenges in public-private internship schemes and suggest measures to improve candidate retention and alignment with industrial requirements.
Dimensions to cover in your answer
- Structural mismatch: Disparity between candidate location preferences and corporate hub requirements
- Retention bottleneck: Long internship duration (12 months) leading to high early attrition rates
- Fiscal recalibration: Budgetary reduction reflecting low participation and operational inefficiencies
Keywords: Skill development · Public-private partnership · Labor market dynamics · Youth employability · Fiscal optimization
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