Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government is considering a significant move to boost the PM Internship Scheme, a flagship program aimed at providing employment opportunities to millions of youths across the country. According to a report by Moneycontrol, the Ministry of Corporate Affairs may announce a hike in the one-time stipend amount provided to interns under the scheme in the upcoming Union Budget 2026-27. The proposed increase is expected to be in the range of ₹1,000 to ₹2,000, which would bring the total stipend amount to ₹7,000 to ₹8,000.
At present, new interns under the PM Internship Scheme are provided a direct benefit transfer of ₹6,000. The scheme, which was launched with the objective of generating employment opportunities and promoting skill development among youths, has been well-received by the target audience. The government has been keen to build on the momentum and make the scheme more attractive to potential beneficiaries.
The proposed hike in stipend amount is expected to be a major highlight of the Union Budget 2026-27, which is scheduled to be presented in the parliament soon. The government is likely to allocate over ₹30,000 crore for the employment scheme, which is expected to generate a whopping 350 million jobs by July 31, 2027. The allocation would be a significant increase from the previous budget, reflecting the government’s commitment to creating employment opportunities and promoting economic growth.
The PM Internship Scheme has been a key component of the government’s employment generation strategy, and the proposed hike in stipend amount is expected to make it more appealing to youths. The scheme provides an opportunity for interns to gain practical experience and develop skills that are relevant to the industry. The stipend amount is intended to support the interns during their training period, helping them to cover their living expenses and focus on their professional development.
The government’s decision to hike the stipend amount is likely to be welcomed by the target audience, who have been demanding an increase in the stipend amount for some time now. The proposed hike would not only provide financial support to the interns but also demonstrate the government’s commitment to their welfare and development.
The PM Internship Scheme has been designed to cater to the needs of various industries, including manufacturing, services, and agriculture. The scheme provides an opportunity for interns to work with leading companies and organizations, gaining valuable experience and skills that are relevant to the industry. The scheme also provides an opportunity for companies to identify and nurture talent, which can help them to address their human resource needs.
The government’s allocation of over ₹30,000 crore for the employment scheme is expected to have a significant impact on the economy. The creation of 350 million jobs by July 31, 2027, would not only provide employment opportunities to millions of youths but also contribute to the country’s economic growth. The scheme is expected to have a multiplier effect, creating new opportunities for entrepreneurship, innovation, and investment.
In conclusion, the proposed hike in stipend amount under the PM Internship Scheme is a welcome move that is expected to make the scheme more attractive to youths. The government’s allocation of over ₹30,000 crore for the employment scheme demonstrates its commitment to creating employment opportunities and promoting economic growth. The scheme has the potential to make a significant impact on the economy, and the proposed hike in stipend amount is likely to be a major highlight of the Union Budget 2026-27.
The government’s efforts to promote employment and economic growth are likely to be appreciated by the target audience, who have been demanding more opportunities for skill development and employment. The PM Internship Scheme has been a key component of the government’s employment generation strategy, and the proposed hike in stipend amount is expected to make it more effective in achieving its objectives.
As the country prepares for the Union Budget 2026-27, there is a sense of optimism among the target audience, who are expecting significant announcements that would boost employment and economic growth. The proposed hike in stipend amount under the PM Internship Scheme is likely to be a major highlight of the budget, and it would be interesting to see how the government plans to implement the scheme and achieve its objectives.
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