Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government is considering a significant boost to the Prime Minister’s Internship Scheme, a flagship program aimed at providing young individuals with valuable work experience and skills. According to a recent report by Moneycontrol, the Ministry of Corporate Affairs may increase the one-time stipend amount provided to interns under the scheme by ₹1,000-₹2,000 in the upcoming Union Budget 2026-27. This move is expected to benefit thousands of interns who are part of the program, providing them with a higher financial incentive to pursue their professional development.
Currently, new interns under the PM Internship Scheme are provided with a direct benefit transfer of ₹6,000. The proposed hike would take the stipend amount to ₹7,000-₹8,000, a significant increase that would help interns cover their living expenses and other costs associated with their internship. The government’s decision to hike the stipend amount is a recognition of the importance of the internship program in providing young individuals with the skills and experience they need to succeed in the job market.
The PM Internship Scheme is a key component of the government’s employment generation strategy, which aims to create millions of jobs in various sectors. The scheme provides interns with the opportunity to work with top companies and organizations, gaining valuable experience and skills that can help them secure better job opportunities in the future. The government has allocated a significant budget for the scheme, with reports suggesting that over ₹30,000 crore would be allocated for the employment scheme in the upcoming budget.
The allocation of such a large amount for the employment scheme is a testament to the government’s commitment to creating jobs and promoting economic growth. The scheme is expected to generate 350 million jobs by July 31, 2027, a significant target that would help reduce unemployment and promote economic development. The government’s focus on employment generation is a key aspect of its overall economic strategy, which aims to promote growth, reduce poverty, and improve living standards.
The proposed hike in the stipend amount under the PM Internship Scheme is a welcome move that would benefit thousands of young individuals who are part of the program. The increase in the stipend amount would not only provide interns with a higher financial incentive but also recognize the value of their work and contributions to the organizations they are working with. The government’s decision to hike the stipend amount is a positive step towards promoting the internship program and encouraging more young individuals to participate in it.
The PM Internship Scheme is a unique program that provides interns with the opportunity to work with top companies and organizations, gaining valuable experience and skills that can help them succeed in their careers. The scheme is open to students and young individuals who are pursuing their higher education or have recently graduated. The program provides interns with a platform to apply their theoretical knowledge in a practical setting, working on real-world projects and assignments that help them develop their skills and expertise.
The government’s allocation of over ₹30,000 crore for the employment scheme is a significant investment in the country’s human capital. The scheme is expected to generate 350 million jobs by July 31, 2027, a target that would help reduce unemployment and promote economic development. The government’s focus on employment generation is a key aspect of its overall economic strategy, which aims to promote growth, reduce poverty, and improve living standards.
In conclusion, the proposed hike in the stipend amount under the PM Internship Scheme is a welcome move that would benefit thousands of young individuals who are part of the program. The increase in the stipend amount would not only provide interns with a higher financial incentive but also recognize the value of their work and contributions to the organizations they are working with. The government’s decision to hike the stipend amount is a positive step towards promoting the internship program and encouraging more young individuals to participate in it.
The government’s allocation of over ₹30,000 crore for the employment scheme is a significant investment in the country’s human capital, and the scheme is expected to generate 350 million jobs by July 31, 2027. The PM Internship Scheme is a unique program that provides interns with the opportunity to work with top companies and organizations, gaining valuable experience and skills that can help them succeed in their careers. As the government continues to focus on employment generation and economic development, the PM Internship Scheme is likely to play a key role in promoting economic growth and reducing unemployment.
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