New Delhi, July 12 -- Finance Minister Nirmala Sitharaman on Friday announced that the pilot phase of the Prime Minister Internship Scheme (PMIS) is nearing completion, and the government will soon seek Cabinet approval to formally launch the regular scheme.

The announcement was made during a roundtable discussion on PMIS focused on the North East region.

The scheme aims to train 10 million youth over five years by placing them in internships across top-tier companies, bridging the skills gap and enhancing employment prospects.

Highlighting India's demographic advantage, Sitharaman said, "India is going through a decade or more of demographic dividend. If we can harness the productive skills of our youth, it will add significantly to t...