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 one-time stipend to interns to help them gain practical experience and skills in their chosen field. According to a recent report, the Ministry of Corporate Affairs may hike the stipend amount provided to interns under the PM Internship Scheme in the upcoming 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 the stipend amount by ₹1,000-₹2,000, taking the total amount to ₹7,000-₹8,000. This move is expected to benefit a large number of interns who are currently availing of the scheme.
The PM Internship Scheme is a part of the government’s larger initiative to promote employment and skill development among the youth. The scheme aims to provide practical experience and skills to interns, making them more employable in the job market. The government has allocated a significant budget for the scheme, and it is expected to generate a large number of jobs in the coming years.
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 increase from the current allocation, and it reflects the government’s commitment to promoting employment and skill development among the youth.
The hike in stipend amount is expected to be a major boost to the interns who are availing of the scheme. The increased amount will help them to cover their living expenses and other costs associated with the internship, making it more feasible for them to pursue their career goals. Additionally, the increased stipend amount will also attract more students to apply for the scheme, which will ultimately lead to an increase in the number of skilled and employable youth in the country.
The PM Internship Scheme has been a successful initiative so far, with a large number of interns benefiting from the scheme. The scheme has not only provided practical experience and skills to the interns but has also helped them to secure better job opportunities in the market. The hike in stipend amount is expected to further increase the popularity of the scheme, and it is likely to attract more students to apply for the scheme in the coming years.
The government’s decision to hike the stipend amount under the PM Internship Scheme is a welcome move, and it reflects the government’s commitment to promoting employment and skill development among the youth. The increased stipend amount will not only benefit the interns but will also have a positive impact on the economy, as it will lead to an increase in the number of skilled and employable youth in the country.
In conclusion, the government’s decision to hike the stipend amount under the PM Internship Scheme is a significant move, and it is expected to have a positive impact on the youth of the country. The increased stipend amount will not only benefit the interns but will also lead to an increase in the number of skilled and employable youth in the country. The government’s commitment to promoting employment and skill development among the youth is commendable, and it is likely to have a positive impact on the economy in the long run.
The hike in stipend amount under the PM Internship Scheme is a part of the government’s larger initiative to promote employment and skill development among the youth. The government has been taking various initiatives to promote employment and skill development, including the launch of new schemes and programs. The PM Internship Scheme is one such initiative, and it has been a successful scheme so far.
The government’s decision to allocate over ₹30,000 crore for the employment scheme is a significant move, and it reflects the government’s commitment to promoting employment and skill development among the youth. The scheme is expected to generate 350 million jobs by July 31, 2027, which is a significant increase from the current number of jobs generated by the scheme.
The PM Internship Scheme has been a successful initiative so far, and it has benefited a large number of interns. The scheme has not only provided practical experience and skills to the interns but has also helped them to secure better job opportunities in the market. The hike in stipend amount is expected to further increase the popularity of the scheme, and it is likely to attract more students to apply for the scheme in the coming years.
In the end, the government’s decision to hike the stipend amount under the PM Internship Scheme is a welcome move, and it reflects the government’s commitment to promoting employment and skill development among the youth. The increased stipend amount will not only benefit the interns but will also have a positive impact on the economy, as it will lead to an increase in the number of skilled and employable youth in the country.
About the Author
