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 a recent report, 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 report by Moneycontrol, the government may increase the stipend amount by ₹1,000-₹2,000, which would be a significant boost to the interns. Currently, new interns are provided a direct benefit transfer of ₹6,000. This hike in stipend amount would not only motivate more young individuals to participate in the internship program but also provide them with a better financial support to pursue their career goals.
The PM Internship Scheme is a flagship program of the government, aimed at providing opportunities to young individuals to work with various organizations and gain hands-on experience in their chosen fields. The scheme has been successful in generating employment opportunities and promoting skill development among the youth. The government has allocated a significant budget for the scheme, and it is expected that the allocation would be increased in the upcoming budget.
According to the report, 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 target, and the government is working towards achieving it through various initiatives, including the PM Internship Scheme. The scheme has been successful in providing employment opportunities to many young individuals, and the proposed hike in stipend amount would further boost its effectiveness.
The PM Internship Scheme is a part of the government’s broader strategy to promote employment and skill development among the youth. The government has launched various initiatives, including the Make in India program, the Skill India program, and the Start-up India program, to promote entrepreneurship and job creation. The PM Internship Scheme is an important component of these initiatives, and the proposed hike in stipend amount would further enhance its impact.
The hike in stipend amount would not only benefit the interns but also the organizations that participate in the scheme. Many organizations, including private companies and public sector undertakings, participate in the PM Internship Scheme to provide opportunities to young individuals. The hike in stipend amount would make the scheme more attractive to these organizations, and they may be more likely to participate in the scheme and provide opportunities to more interns.
The proposed hike in stipend amount is also expected to have a positive impact on the economy. The increase in stipend amount would put more money in the hands of the interns, who would likely spend it on various goods and services, thereby boosting consumer demand. This, in turn, would have a positive impact on the economy, as it would lead to an increase in economic activity and job creation.
In conclusion, the proposed hike in stipend amount under the PM Internship Scheme is a welcome move, and it would have a positive impact on the interns, the organizations that participate in the scheme, and the economy as a whole. The government’s decision to allocate over ₹30,000 crore for the employment scheme is a significant step towards promoting employment and skill development among the youth. The PM Internship Scheme is an important initiative, and the proposed hike in stipend amount would further enhance its effectiveness in achieving its objectives.
The government’s initiatives to promote employment and skill development among the youth are commendable, and the proposed hike in stipend amount under the PM Internship Scheme is a significant step in this direction. The government should continue to work towards achieving its target of generating 350 million jobs by July 31, 2027, and the PM Internship Scheme should play an important role in this effort.
The success of the PM Internship Scheme would depend on various factors, including the participation of organizations, the quality of training provided, and the effectiveness of the placement process. The government should work towards addressing these challenges and ensuring that the scheme achieves its objectives.
In the end, the proposed hike in stipend amount under the PM Internship Scheme is a positive move, and it would have a significant impact on the interns, the organizations that participate in the scheme, and the economy as a whole. The government should continue to work towards promoting employment and skill development among the youth, and the PM Internship Scheme should play an important role in this effort.
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