Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government has been taking various initiatives to promote employment and skill development among the youth. One such initiative is the PM Internship Scheme, which provides a platform for young individuals to gain practical experience and skills in various fields. According to recent reports, the Ministry of Corporate Affairs may hike the stipend amount provided to interns under this scheme in the upcoming Union Budget 2026-27.
As per the reports, the government may increase the one-time stipend amount by ₹1,000-₹2,000, which is currently set at ₹6,000. This move is expected to benefit thousands of interns who are part of the PM Internship Scheme. The scheme, which was launched to promote skill development and employment, has been gaining popularity among the youth.
The PM Internship Scheme is a flagship program of the government, which aims to provide opportunities to young individuals to work with various organizations and gain hands-on experience. The scheme is designed to promote entrepreneurship, innovation, and skill development, and to provide a platform for young individuals to showcase their talents.
The government has been allocating significant funds for the PM Internship Scheme, and this year is expected to be no different. According to reports, the government would allocate over ₹30,000 crore for the employment scheme, which is expected to generate 350 million jobs by July 31, 2027. This is a significant increase from the previous year’s allocation, and it reflects the government’s commitment to promoting employment and skill development.
The hike in stipend amount is expected to be a major boost for the interns, who are already benefiting from the scheme. The direct benefit transfer of ₹6,000, which is currently provided to new interns, has been a significant incentive for many young individuals to join the scheme. With the proposed hike, the stipend amount would increase to ₹7,000-₹8,000, which would be a welcome move for the interns.
The PM Internship Scheme has been successful in promoting employment and skill development among the youth. The scheme has provided opportunities to thousands of young individuals to work with various organizations, including government departments, private companies, and non-profit organizations. The scheme has also helped to promote entrepreneurship and innovation, and has provided a platform for young individuals to showcase their talents.
The government’s decision to hike the stipend amount is expected to further boost the popularity of the scheme. The move is expected to attract more young individuals to join the scheme, and to provide them with a better opportunity to gain practical experience and skills. The scheme is also expected to benefit the organizations that are part of the scheme, as they would be able to tap into the talent and skills of the young interns.
In addition to the PM Internship Scheme, the government has been taking various other initiatives to promote employment and skill development. These initiatives include the establishment of skill development centers, the launch of vocational training programs, and the provision of financial support to entrepreneurs and startups. The government has also been working to promote entrepreneurship and innovation, and to provide a supportive ecosystem for startups and small businesses.
The upcoming Union Budget 2026-27 is expected to provide more details about the government’s plans to promote employment and skill development. The budget is expected to allocate significant funds for various schemes and programs, including the PM Internship Scheme. The budget is also expected to provide tax incentives and other benefits to entrepreneurs and small businesses, and to promote entrepreneurship and innovation.
In conclusion, the proposed hike in stipend amount under the PM Internship Scheme is a welcome move, which is expected to benefit thousands of young individuals. The scheme has been successful in promoting employment and skill development, and the hike in stipend amount would further boost its popularity. The government’s decision to allocate over ₹30,000 crore for the employment scheme is a significant move, which reflects its commitment to promoting employment and skill development.
The PM Internship Scheme is a flagship program of the government, which has been gaining popularity among the youth. The scheme provides a platform for young individuals to gain practical experience and skills, and to showcase their talents. The proposed hike in stipend amount would be a major boost for the interns, and would provide them with a better opportunity to benefit from the scheme.
As the government prepares to present the Union Budget 2026-27, there are high expectations about the initiatives that would be announced to promote employment and skill development. The PM Internship Scheme is one of the key initiatives that is expected to benefit from the budget, and the proposed hike in stipend amount is a significant move in this direction.
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