PM Internship Scheme to Expand into Semiconductors, Renewables & GCCs with Higher Stipend

The government is widening the scope of its PM Internship Scheme by bringing in emerging sectors such as semiconductors, renewable energy, and global capability centres (GCCs), as per news reports.  

The revamp targets to address participation challenges also making the programme more accessible and attractive to both the participants i.e. the companies and candidates. 

Expansion Into New-Age Sectors and Wider Corporate Participation 

The scheme will now include companies from sunrise industries like semiconductors, renewables, and GCCs, reflecting a strategic push towards future-focused sectors.  

Importantly, firms without mandatory corporate social responsibility (CSR) obligations will also be allowed to participate, removing a key earlier restriction.  

This change is expected to significantly broaden the pool of participating companies and create more diverse internship opportunities. 

Revamped Structure to Boost Participation and Accessibility 

To improve engagement, the government has eased eligibility criteria and introduced structural changes. Candidates with postgraduate and MBA degrees are now eligible, while the age bracket has been expanded to 18–25 years.  

The monthly stipend has been increased to ₹9,000 from ₹5,000, making the programme more financially viable for participants.  

Additionally, companies can now list internship opportunities on a rolling basis throughout the year instead of fixed phases, ensuring continuous availability. 

Third Phase Targets Scale Amid Earlier Participation Challenges 

Work on the 3rd phase of the scheme is underway, with a target of around 1 lakh internship opportunities. So far, over 15,500 offers across 19 sectors and 32 states have been made available.  

Participation has grown steadily, with the number of companies increasing to 549, surpassing the initial target of 500. However, lower-than-expected uptake and high drop-out rates have led to a sharp reduction in budget allocation for the current fiscal. 

Read More: PM Internship Scheme Records 7,292 Exits; Monthly Stipend Raised to ₹9,000! 

Conclusion 

With broader sector inclusion, relaxed norms, and improved financial incentives, the revamped PM Internship Scheme is positioned to drive higher participation and better align talent development with emerging industry needs. 

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