Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government has been taking several initiatives to boost employment and provide opportunities to the youth. One such initiative is the PM Internship Scheme, which aims to provide internships to students and young professionals, helping them gain valuable work experience and skills. According to a recent report by Moneycontrol, the Ministry of Corporate Affairs may hike the one-time stipend amount provided to interns under the PM Internship Scheme in the Union Budget 2026-27.
At present, new interns under the PM Internship Scheme are provided a direct benefit transfer of ₹6,000. However, if the reports are to be believed, the government may increase this amount by ₹1,000-₹2,000, taking the total stipend amount to ₹7,000-₹8,000. This move is expected to benefit thousands of interns who are currently enrolled under the scheme or are planning to join it in the near future.
The PM Internship Scheme is a flagship program of the government, aimed at providing opportunities to young individuals to work with top companies and organizations, gaining hands-on experience and skills that can help them in their future careers. The scheme has been well-received by students and young professionals, with many applying for internships under the program every year.
The government’s decision to hike the stipend amount is seen as a positive move, as it will help interns to cover their living expenses and other costs while they are undergoing their internships. Many interns have to relocate to new cities or towns to take up their internships, and the increased stipend amount will help them to adjust to their new surroundings without having to worry about their finances.
In addition to hiking the stipend amount, the government is also planning to allocate a significant amount of funds for the employment scheme. 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 move, as it will help to boost employment opportunities in the country and provide jobs to millions of young individuals who are looking for work.
The allocation of ₹30,000 crore for the employment scheme is a significant increase from the previous budget, and it reflects the government’s commitment to creating jobs and promoting employment in the country. The scheme is expected to benefit not just interns, but also other individuals who are looking for work, including those in the unorganized sector.
The PM Internship Scheme has been successful in providing opportunities to thousands of young individuals, and the government’s decision to hike the stipend amount and allocate more funds for the scheme is expected to take it to the next level. The scheme has been well-received by industry leaders and experts, who see it as a positive move to promote employment and skill development in the country.
In conclusion, the government’s decision to hike the stipend amount under the PM Internship Scheme is a welcome move, and it is expected to benefit thousands of interns who are currently enrolled under the scheme or are planning to join it in the near future. The allocation of ₹30,000 crore for the employment scheme is also a significant move, and it reflects the government’s commitment to creating jobs and promoting employment in the country. We hope that the government will continue to take such initiatives to promote employment and skill development, and help the country to achieve its goal of becoming a developed nation.
The government’s move to hike the stipend amount and allocate more funds for the employment scheme is also expected to have a positive impact on the economy. With more money in the hands of interns and other individuals, there is likely to be an increase in consumer spending, which can help to boost economic growth. Additionally, the creation of 350 million jobs by July 31, 2027, is expected to have a significant impact on the country’s unemployment rate, which has been a major concern in recent years.
Overall, the government’s decision to hike the stipend amount under the PM Internship Scheme and allocate more funds for the employment scheme is a positive move, and it is expected to have a significant impact on the country’s employment landscape. We hope that the government will continue to take such initiatives to promote employment and skill development, and help the country to achieve its goal of becoming a developed nation.
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