India, Feb. 1 -- In her Budget 2025, Union finance minister Nirmala Sitharaman raised the allocation for the PM Internship Scheme, a key initiative aimed at providing students and trained youth with valuable work experience.

Originally announced as a pilot project for 2024-25 with a budget outlay of Rs.2,000 crore, the scheme focused on placing young interns in the top 500 companies across the country.

"The PM Internship Scheme in top 500 companies was announced as a pilot project for 2024-25 with a budget outlay of Rs.2000 cr. The scheme has received subdued traction from both companies and students reflecting in utilisation estimated to be at 380 Cr. in revised estimates. Despite the challenges in implementation, the Government seems ...