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EMPLOYMENTCENTRAL UPDATED 2026-05-30· 8 MIN READ

PM Internship Scheme

A central scheme that places youth in twelve month paid internships with India's top 500 companies to give one crore young Indians real corporate work experience over five years.

BY

Rohan Mehta

Employment and Skills Correspondent

FACT-CHECKED BY

Dr. Lakshmi Iyer

Former Director General, National Skill Development Corporation

PUBLISHED

2026-05-30

Last updated 2026-05-30

§ WHY THIS GUIDE

Most coverage of PM Internship stops at the Rs 5,000 stipend headline. We explain how the top 500 companies are actually selected, why the not in full time education and not in full time employment condition is the most common rejection reason, and how interns can convert the experience into a permanent role.

§ KEY TAKEAWAYS

  • 01Twelve month paid internship in one of India's top 500 companies based on three year average CSR spend.
  • 02Monthly stipend of Rs 5,000 with Rs 4,500 from the government and Rs 500 from the company's CSR budget.
  • 03One time grant of Rs 6,000 paid on joining to cover incidental joining expenses.
  • 04Targets youth aged 21 to 24 who are not in full time education or full time employment.
  • 05Aim is to provide one crore internships over five years, primarily in sectors that hire at scale.

How the top 500 companies are chosen

Eligible host companies are India's top 500 companies ranked by their average CSR spend over the preceding three financial years. The Ministry of Corporate Affairs publishes the ranked list and updates it annually. Companies outside the top 500 may participate voluntarily with approval but the core target group is set by CSR spend.

Participating companies post their internship opportunities on the portal, indicating sector, location and number of positions. Candidates can apply to multiple positions but can accept only one offer per cohort. Companies use their own selection process within the framework, including assessments and interviews.

How the stipend is actually paid

The Rs 5,000 monthly stipend is structured as Rs 4,500 from the Government of India directly to the intern's bank account through DBT and Rs 500 from the company. The Rs 6,000 one time joining grant is paid by the government after the intern reports for duty and joining is verified by the host company on the portal.

Companies may pay more than the prescribed amount from their own funds where the sectoral wage norm is higher. Government contribution remains capped at Rs 4,500 per month per intern, and additional payment is treated as a company top up and not as part of the scheme contribution.

Converting an internship into a job

The scheme does not guarantee employment at the end of twelve months. However, companies are encouraged to absorb high performing interns into regular roles, and early cohort data shows that conversion rates are higher in companies where the internship is mapped to a structured rotation plan.

We recommend that interns ask about the rotation plan, mentor allocation and post internship hiring intent during the offer stage. The portal allows host companies to publish these details and they form part of the basis on which candidates can compare offers.

Who qualifies

  • 01Indian citizen aged 21 to 24 years at the time of application
  • 02Not enrolled in any full time educational programme or full time employment at the time of joining
  • 03Have completed at least matriculation; candidates with ITI, diploma or graduation degrees are also eligible
  • 04Family annual income should not exceed Rs 8 lakh in the previous financial year
  • 05No member of the family should be a permanent or regular government employee or income tax payer

Documents you'll need

  • §Aadhaar and PAN of the applicant
  • §Educational qualification certificates
  • §Family income self declaration with supporting evidence
  • §Bank account passbook with Aadhaar seeded
  • §Resume in the format provided on the portal
  • §Passport size photograph

Common reasons applications are rejected

  • Applicant found to be enrolled in a full time degree programme through cross check with university databases
  • Family income exceeds the Rs 8 lakh ceiling, often detected through income tax filing data
  • Aadhaar not seeded with the applicant's own bank account, blocking stipend DBT
  • Applicant has a regular salaried job at the time of internship offer, breaking the not in employment condition
  • Withdrawal from the internship before the minimum service period, leading to disqualification from future cohorts

Frequently asked questions

Is this the same as an apprenticeship under the Apprentices Act?

No. PM Internship Scheme is a separate central scheme run by the Ministry of Corporate Affairs and is not governed by the Apprentices Act. It is structured as an internship with a stipend, not an apprenticeship contract.

Can I apply if I am pursuing a part time course?

Yes. Part time and distance learning courses do not disqualify you. The bar is only on full time enrolment in an educational programme.

What happens if I leave the internship midway?

Mid term exit other than for documented medical or family emergencies is treated as a withdrawal and disqualifies the candidate from future cohorts and from claiming pending stipend.

Sources & references

  • PM Internship Scheme Guidelines, Ministry of Corporate Affairslink ↗
  • Budget Announcement on Internship Scheme, Ministry of Finance
  • Selection Framework for Host Companies, Ministry of Corporate Affairs

ABOUT THE AUTHOR

Rohan Mehta

Employment and Skills Correspondent

Rohan has covered youth employment, apprenticeships and corporate skilling for nine years and has tracked the early cohorts of the PM Internship pilot across multiple sectors.

Editorial review: Verified the eligibility windows, the company selection framework and the stipend cost sharing arrangement against the official scheme guidelines.