FM Nirmala Sitharaman Launches PM Internship Scheme App

18 Mar 2025 CW Team

Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman, along with Minister of State Shri Harsh Malhotra, launched the Prime Minister’s Internship Scheme (PMIS) mobile app on March 17, 2025, at Samanvay Hall No. 5, Parliament, New Delhi. The app simplifies access to internship opportunities through Aadhaar-based registration, personalised dashboards, real-time alerts, and a dedicated support team. Smt. Sitharaman highlighted the Prime Minister’s vision behind introducing five employment and skilling initiatives, emphasising that the PMIS would help bridge the gap between academic learning and industry requirements. She encouraged industry participation, underscoring its role in nation-building and workforce development. Shri Harsh Malhotra noted that the app would significantly improve accessibility to internship opportunities. The PMIS app also integrates a referral program by the Ministry of Corporate Affairs, allowing registered users to refer others and earn rewards. The scheme, announced in the Union Budget 2024-25, aims to provide internships to one crore youth in the top 500 companies over five years. As part of the pilot phase, 125,000 internships were launched on October 3, 2024, for FY 2024-25. The scheme offers 12-month paid internships, financial assistance of Rs 5,000 per month, and a one-time grant of Rs 6,000 to eligible candidates aged 21-24 who are not in full-time education or employment. In the first round of the pilot project (October–December 2024), over 127,000 internship opportunities were posted by 280 companies across 745 districts, resulting in more than 82,000 offers. The second round, launched in January 2025, has seen 327 companies posting over 118,000 opportunities, covering diverse qualifications and sectors such as Automobile, Banking & Finance, Travel & Hospitality, and technical roles for ITI graduates. To enhance outreach, the PMIS dashboard has been improved, and over 80 awareness events have been conducted in colleges and Rozgar Melas. A framework has also been introduced to assess and reward states and UTs for effective scheme implementation. The internship application window for Round II remains open until March 31, 2025. (PIB)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..