Job Application Status Changed to "Prescreened" – Does This Mean an Interview Call Is Next?

I have applied for a position in a Giant FMCG through the company's website last month. Since then, I have been checking the status online. Yesterday, the status changed to "PRESCREENED." What does that mean? Does it imply that all background checks have been completed, and I might receive a call for an interview? Please enlighten me.

Regards

Understanding Pre-Screening in Recruitment

Pre-screening is a process where the hiring partner or the company reviews the profile of the candidate/applicant, evaluating the following criteria:

1. Evaluating the current responsibilities of the candidate/applicant against the job description (JD) of the position.
2. Evaluating the educational qualifications of the candidate/applicant against the JD of the position.
3. Studying the stability and years of experience of the candidate/applicant.

If the profile of the candidate/applicant is shortlisted by the hiring partner or the company, then the candidate/applicant is called for the personal round of interviews, depending upon the recruitment process of the company.

Regards