Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government has been consistently working towards creating new employment opportunities and enhancing the existing ones. One such initiative is the PM Internship Scheme, which aims to provide young individuals with hands-on experience in various fields. According to recent reports, the Ministry of Corporate Affairs may increase the one-time stipend amount provided to interns under this scheme in the upcoming Union Budget 2026-27. This move is expected to benefit a large number of interns and encourage more students to participate in the program.
At present, new interns under the PM Internship Scheme are provided with a direct benefit transfer of ₹6,000. However, if the proposed hike is implemented, the stipend amount may be increased by ₹1,000-₹2,000, taking the total amount to ₹7,000-₹8,000. This increase is expected to be a significant boost to the interns, who can utilize this amount to cover their living expenses and other necessities during their internship period.
The PM Internship Scheme is a part of the government’s larger initiative to generate employment opportunities and promote skill development among the youth. The scheme provides interns with a platform to gain practical experience and build their skills, making them more employable in the job market. The government has allocated a significant amount of funds for this scheme, with reports suggesting that over ₹30,000 crore may be allocated for the employment scheme in the upcoming budget.
The allocation of such a large amount of funds is expected to have a significant impact on the employment scenario in the country. According to reports, the scheme is expected to generate 350 million jobs by July 31, 2027. This is a ambitious target, and the government is working tirelessly to ensure that it is achieved. The increase in the stipend amount is just one of the many steps being taken to make the scheme more attractive and beneficial to the interns.
The PM Internship Scheme is open to students from various disciplines, including engineering, management, and humanities. The scheme provides interns with an opportunity to work with top organizations and gain hands-on experience in their chosen field. The scheme also provides a platform for interns to network with professionals and build connections that can be beneficial in their future careers.
The government’s decision to hike the stipend amount under the PM Internship Scheme is a welcome move. It is expected to encourage more students to participate in the scheme and benefit from the opportunities provided. The scheme has already been successful in providing employment opportunities to a large number of students, and the increase in the stipend amount is expected to further boost its popularity.
The Union Budget 2026-27 is expected to be presented soon, and the government is working on finalizing the details of the budget. The allocation of funds for the PM Internship Scheme and the increase in the stipend amount are just a few of the many announcements that are expected to be made. The budget is expected to provide a boost to the economy and create new employment opportunities, and the PM Internship Scheme is just one of the many initiatives that are expected to play a key role in achieving this goal.
In conclusion, the proposed hike in the stipend amount under the PM Internship Scheme is a positive move that is expected to benefit a large number of interns. The scheme has already been successful in providing employment opportunities to many students, and the increase in the stipend amount is expected to further boost its popularity. The government’s decision to allocate over ₹30,000 crore for the employment scheme is a significant move, and it is expected to have a major impact on the employment scenario in the country. We can expect to hear more about the budget and the PM Internship Scheme in the coming days, and it will be interesting to see how the government plans to implement its initiatives and achieve its targets.
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