New Delhi, Sept. 22 -- The government is set to overhaul the Prime Minister's Internship Scheme, which seeks to bridge the gap between academic learning and real-world experience for the youth, to boost its adoption.

The revised scheme is set to be placed before the Union cabinet for approval soon, two persons aware of matter said on the condition of anonymity.

The scheme aims to give one-year internship opportunities to 10 million people over five years, and offers Rs.5,000 in monthly stipend and a one-time payment of Rs.6,000 to interns upon joining.

Based on experience from the earlier two phases of the pilot project implemented so far, the modification to the scheme will be comprehensive based on a review of all the parameters, eli...