Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government is considering a significant hike in the stipend amount provided to interns under the Prime Minister’s Internship Scheme, according to a recent report. The Ministry of Corporate Affairs is expected to announce this hike in the upcoming Union Budget 2026-27, which could see an increase of ₹1,000-₹2,000 in the one-time stipend amount. This move is aimed at incentivizing more young individuals to participate in the internship program and gain valuable work experience.
Currently, new interns under the PM Internship Scheme are provided a direct benefit transfer of ₹6,000. This amount is a one-time stipend that is meant to support interns during their tenure. However, with the rising cost of living and increasing expenses, the government has recognized the need to revise this amount to make it more attractive and supportive for young interns.
The proposed hike in the stipend amount is expected to be a part of the government’s larger effort to boost employment and job creation in the country. The government has set an ambitious target of generating 350 million jobs by July 31, 2027, and the PM Internship Scheme is a key component of this initiative. To achieve this goal, the government is expected to allocate over ₹30,000 crore for the employment scheme, which will include funding for various programs and initiatives aimed at promoting job creation and skills development.
The PM Internship Scheme is a flagship program launched by the government to provide young individuals with an opportunity to gain work experience and skills in various fields. The scheme is open to students and recent graduates, and provides them with a stipend and other benefits to support their internship tenure. The scheme is designed to help young individuals develop their skills and gain practical experience, making them more employable and competitive in the job market.
The proposed hike in the stipend amount is expected to be a welcome move for young interns, who often struggle to make ends meet during their internship tenure. Many interns have to rely on their own savings or part-time jobs to support themselves during this period, which can be challenging and stressful. The increased stipend amount will provide them with a much-needed financial boost, allowing them to focus on their internship and gain valuable work experience without worrying about their finances.
The government’s decision to hike the stipend amount under the PM Internship Scheme is also expected to have a positive impact on the overall employment landscape in the country. By providing young individuals with better financial support and incentives, the government is encouraging more people to participate in the internship program and gain skills and experience. This, in turn, will help to increase the pool of skilled and employable workers in the country, which will benefit businesses and industries across various sectors.
In addition to the proposed hike in the stipend amount, the government is also expected to announce other initiatives and programs aimed at promoting job creation and skills development. These may include funding for vocational training programs, apprenticeships, and other initiatives that provide young individuals with the skills and training they need to succeed in the job market.
Overall, the proposed hike in the stipend amount under the PM Internship Scheme is a positive move that is expected to benefit young interns and the broader employment landscape in the country. By providing better financial support and incentives, the government is encouraging more people to participate in the internship program and gain valuable work experience. This, in turn, will help to increase the pool of skilled and employable workers in the country, which will drive economic growth and development.
The government’s efforts to boost employment and job creation are critical to the country’s economic growth and development. With the Indian economy facing various challenges, including a slowdown in growth and rising unemployment, the government’s initiatives to promote job creation and skills development are more important than ever. The proposed hike in the stipend amount under the PM Internship Scheme is a step in the right direction, and it is expected to have a positive impact on the lives of young interns and the broader employment landscape in the country.
In conclusion, the government’s decision to hike the stipend amount under the PM Internship Scheme is a welcome move that is expected to benefit young interns and the broader employment landscape in the country. With the government’s efforts to promote job creation and skills development, India is poised to become a hub for skilled and employable workers, which will drive economic growth and development.
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