PM Internship Yojana 2026 (PMIS) - 1 Lakh Internships in Top 500 Companies with Stipend

Getting a foot in the door of a top company is the biggest challenge for fresh graduates and diploma holders in India. You study hard for 3 or 4 years, get a degree, but then realise that companies want work experience even for entry-level jobs. The PM Internship Yojana 2026, also called PM Internship Scheme (PMIS), is designed to break this vicious cycle. Launched in October 2024 after announcement in Budget 2024-25, the scheme provides 1 lakh internship opportunities in the top 500 companies of India, with a monthly stipend, one-time assistance of Rs 6000, and full insurance coverage. I know a 22-year-old from my village who completed his BCom in 2025, was sitting idle at home, and got selected for an internship at a Tata Group company through PMIS. He now earns Rs 12000 a month, gets free lunch, and is learning actual accounting work that no college textbook ever taught him.

The eligibility criteria is what makes this scheme unique. It is not for IIT-IIM graduates or those already in good jobs. It is specifically for youth aged 21 to 24 who have completed Class 12, ITI, Diploma, or Graduation, but are NOT employed in any formal sector and NOT pursuing full-time regular post-graduation. The income criteria is also strict - family income should not exceed Rs 8 lakh per annum, and no family member should be in a government job (Group A) or above. This ensures that the scheme reaches genuinely needy youth from lower-middle-class and poor families who otherwise have no networking connections to get into top companies.

The internship lasts for 12 months, during which the intern gets hands-on work experience in real projects, not just filing and data entry. The monthly stipend varies by company but is typically between Rs 5000 and Rs 15000, of which the government contributes Rs 500 per month towards stipend and Rs 6000 as one-time assistance. The intern also gets accidental and life insurance coverage during the internship period. On completion, the intern receives a Certificate of Internship which is recognised by employers across India. Many interns are also absorbed as regular employees by the host company based on their performance. Sarkari Notice 247 strongly recommends all eligible youth to apply for this scheme, as it can be a life-changing opportunity for those who have the qualifications but not the connections.

How to Apply for PM Internship Yojana 2026

• ☐ Check your eligibility: Age should be between 21 and 24 years, family income should not exceed Rs 8 lakh per annum, no family member should be in Group A government job, and you should not be in any formal sector employment or full-time post-graduation.
• ☐ Keep your documents ready: Aadhaar card, educational certificates (Class 12 marksheet or ITI certificate or Diploma or Degree), bank passbook, mobile number linked with Aadhaar, and income certificate if available.
• ☐ Visit the official PM Internship portal at pminternship.mca.gov.in. Click on Register and create an account using your Aadhaar number and mobile OTP verification. The portal is mobile-friendly so you can apply from your smartphone.
• ☐ Complete your profile by filling in personal details, educational qualification, skills, work experience if any, and preferences for sector and location. Upload scanned copies of your documents as required.
• ☐ Browse the list of available internship opportunities from the top 500 participating companies. You can filter by sector, location, stipend, and qualification. Apply for internships that match your profile and interests. You can apply for multiple internships.
• ☐ Companies will shortlist candidates based on profile match. Some companies may conduct a brief online interview before final selection. If selected, you will receive an offer letter through the portal and on your registered email.
• ☐ Accept the offer letter and complete the onboarding formalities. The internship will start on the date mentioned in the offer letter. You will receive the stipend directly in your bank account every month, and the Rs 6000 one-time assistance will be credited after joining.