The permanent finance committee, chaired by Bhartrtruhari Mahtab, officially asked the Ministry of Business Affairs (MCA) to provide a complete assessment of the Prime Minister’s internship program (PISS).
This survey focuses on the financial allowances of the regime, performance metrics and the substantial budgetary increase proposed for the financial year 2025-2026, according to sources. Detailed written responses from the MCA were sought by a parliamentary panel, they added.
Financial expenses and revised estimates
The Standing Committee requested detailed information on actual expenses incurred for PMIs during the year 2024-25. In addition, he asked for the revised estimates (re) for 2024-25 to understand the financial trajectory and the adjustments were made by the initial budgetary allowances. These data are crucial to assess the financial management of the scheme and ensure that funds are used effectively.
Justification of budgetary increase
A significant concern is the drastic increase in the budgetary estimate (BE) for 2025-26, which amounts to 10,831.07 crores of ₹, a substantial increase compared to the bawdy of 2,000 ₹ allocated as an estimate Budget for 2024-25. The committee questioned the underlying reasons for this five-time increase and requested a detailed explanation of the MCA. Understanding the factors contributing to this escalation is essential to assess the scalability of the regime and financial sustainability.
Performance metrics and target achievements
To assess the effectiveness of PMIs, the Committee requested information on the physical and financial objectives set for each component of the regime. This includes the percentage of objectives achieved in the previous year and an analysis of any delay or gap to achieve these objectives. These ideas are essential to identify operational challenges and the implementation of corrective measures in order to improve the impact of the program.
Budget proposals and actual allowances
The Committee is looking for a comparative analysis of the funds proposed by the MCA and the real amounts allocated to the PMI in the past three years. This comparison will highlight the alignment between the ministry’s financial requests and the government’s budgetary provisions, offering a perspective on the adequacy of resources and financial planning.
Monitoring and control mechanisms
Effective monitoring is crucial for the success of large -scale initiatives such as PMIs. The Committee agreed on the existing systems in place to monitor and control program performance. Details concerning regular assessments, report structures and managers are essential to ensure that the diagram operates transparently and achieved its planned results.
Improvement of the use and implementation of the fund
To improve the efficiency of the regime, the Committee asked the MCA to describe the measures taken or proposed to improve the use of funds and rationalize the implementation processes. This includes strategies to fight against bottlenecks, optimize resource allocation and ensure that the benefits of the regime quickly reach expected beneficiaries.
Recent assessments and journals
The committee requested copies of the latest journals or assessments carried out by an agency concerning PMI. These evaluations are essential to understand the current impact of the program, the identification of improvement areas and informed decisions on future orientations.
Implementation challenges
Recognizing that large -scale programs often encounter obstacles, the Committee has requested an overview of the specific challenges that MCA is faced in the implementation of PMIS. Understanding these difficulties and the measures taken to mitigate them will provide a clearer image of the operational landscape and will shed light on the strategies to improve the efficiency of the program.
The Prime Minister’s internship program, announced in the 2024-25 budget, aims to offer internship opportunities 1 drives young people in the 500 best Indian companies over 5 years. A pilot project was launched on October 3, 2024, targeting 1.25 internships for the year 2024-25. As of February 10, 2025, approximately 48 crores were spent on the pilot project, the MCA actively collecting the stakeholders’ comments to assess its impact.
The complete survey of the Committee highlights the importance of transparency, responsibility and efficiency in the implementation of PMIs. The detailed responses of the MCA to these requests will be decisive in the training of the future course of the program, ensuring that it achieves its objectives of empowerment for young people and to improve their employability in the business sector in India, have declared observers of the economy.
