Lukewarm response: PM Internship Scheme tweaked

DUE TO THE lukewarm response from corporates to the PM Internship Scheme (PMIS), the government amended the scheme in February to attract a larger pool of companies, Minister of State for Corporate Affairs Harsh Malhotra said in Parliament.

- MANU KAUSHIK

The minister said that in the second round of the pilot project, that was kicked off in January, the ministry of corporate affairs (MCA) changed the eligibility criteria to include companies with over ₹1,000 crore turnover or a net worth of more than ₹500 crore.

As per the initial plan, the scheme was restricted to top 500 companies on the basis of average corporate social responsibility (CSR) expenditure in the last 3 years.