Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government has been taking various initiatives to boost employment and provide opportunities to the youth. One such initiative is the PM Internship Scheme, which provides a platform for young individuals to gain work experience and skills. According to recent reports, the Ministry of Corporate Affairs may hike the one-time stipend amount provided to interns under the PM Internship Scheme in the upcoming Union Budget 2026-27.
As per the reports, the government may increase the stipend amount by ₹1,000-₹2,000, which would be a welcome move for the interns. Currently, new interns under the scheme are provided a direct benefit transfer of ₹6,000. This amount is given as a one-time stipend to help interns cover their expenses during the internship period.
The proposed hike in stipend amount is expected to be announced in the Union Budget 2026-27, which will be presented by the Finance Minister. The government is also expected to allocate a significant amount for the employment scheme, which aims to generate 350 million jobs by July 31, 2027. According to reports, the government would allocate over ₹30,000 crore for the employment scheme, which would be a major boost to the job market.
The PM Internship Scheme is a flagship program of the government, which aims to provide opportunities to young individuals to gain work experience and skills. The scheme is open to students and young individuals who are pursuing their education or have recently completed their studies. The internship period typically ranges from 2-6 months, during which the interns are expected to work on various projects and tasks assigned to them.
The scheme has been well-received by the students and young individuals, who see it as an opportunity to gain valuable work experience and skills. The stipend amount provided under the scheme is also a major attraction, as it helps the interns to cover their expenses during the internship period.
The proposed hike in stipend amount is expected to make the scheme even more attractive to the students and young individuals. The increase in stipend amount would help the interns to cover their expenses more easily, and would also provide them with a sense of financial security.
The government’s decision to allocate a significant amount for the employment scheme is also expected to have a positive impact on the job market. The scheme aims to generate 350 million jobs by July 31, 2027, which would be a major boost to the economy. The allocation of over ₹30,000 crore for the scheme is expected to create new job opportunities and provide a stimulus to the job market.
Overall, the proposed hike in stipend amount under the PM Internship Scheme is a welcome move, which would benefit the students and young individuals who are part of the scheme. The government’s decision to allocate a significant amount for the employment scheme is also expected to have a positive impact on the job market. We will have to wait and see how the scheme unfolds and what other initiatives the government takes to boost employment and provide opportunities to the youth.
In conclusion, the PM Internship Scheme is a flagship program of the government, which aims to provide opportunities to young individuals to gain work experience and skills. The proposed hike in stipend amount and the allocation of a significant amount for the employment scheme are expected to make the scheme even more attractive and effective. We hope that the government will continue to take initiatives to boost employment and provide opportunities to the youth, which would have a positive impact on the economy and the job market.
Read more about the PM Internship Scheme and the proposed hike in stipend amount at: https://www.newsbytesapp.com/news/business/budget-government-may-raise-intern-stipend-under-pm-internship-scheme/story
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