India, March 17 -- The Prime Minister Internship Scheme has the potential to bridge the gap between classroom learning and industry expectations, and enhance youth employability, Union finance minister Nirmala Sitharaman said on Monday.

While launching a dedicated mobile app for the internship scheme at Samanvay Hall in the Parliament, she urged the industry to actively participate in the scheme. She said their involvement would contribute to nation-building while fostering a skilled workforce in the country.

The scheme, announced in the Union budget speech by Sitharaman on July 23, aims to provide young individuals aged 21-24 years from low-income households with 12-month internship opportunities in the country's top 500 companies. The...