Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government is considering a proposal to increase the stipend amount provided to interns under the PM Internship Scheme in the upcoming Union Budget 2026-27. According to a report by Moneycontrol, the Ministry of Corporate Affairs may hike the one-time stipend amount by ₹1,000-₹2,000. This move is expected to benefit thousands of interns who are part of the scheme.
Currently, new interns under the PM Internship Scheme are provided a direct benefit transfer of ₹6,000. The proposed hike would increase the stipend amount to ₹7,000-₹8,000, depending on the final decision. This increase is seen as a positive step towards supporting the financial needs of interns who are gaining valuable work experience through the scheme.
The PM Internship Scheme is a flagship program of the government aimed at providing employment opportunities to young individuals. The scheme has been successful in generating jobs and providing a platform for interns to gain practical experience in their chosen fields. 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 expected to have a significant impact on the job market. The government aims to generate 350 million jobs by July 31, 2027, through the scheme. This is an ambitious target, and the increased stipend amount is seen as a step towards incentivizing more young individuals to join the scheme.
The PM Internship Scheme has been widely appreciated for its efforts in promoting employment and skill development among young individuals. The scheme provides interns with an opportunity to work with top organizations and gain valuable experience in their chosen fields. The scheme also provides a platform for interns to network and build connections that can be beneficial for their future careers.
The proposed hike in the stipend amount is expected to be a welcome move for interns who are part of the scheme. Many interns have reported that the current stipend amount of ₹6,000 is not sufficient to cover their living expenses, especially in cities where the cost of living is high. The increased stipend amount would provide interns with more financial support, allowing them to focus on their work and gain valuable experience without worrying about their financial needs.
The government’s decision to allocate a significant budget for the employment scheme is also expected to have a positive impact on the economy. The creation of 350 million jobs by July 31, 2027, would not only provide employment opportunities to young individuals but also contribute to the country’s economic growth.
In conclusion, the proposed hike in the stipend amount under the PM Internship Scheme is a positive step towards supporting the financial needs of interns. The allocation of over ₹30,000 crore for the employment scheme is also expected to have a significant impact on the job market and the economy. The government’s efforts to promote employment and skill development among young individuals are commendable, and the PM Internship Scheme is a shining example of the government’s commitment to supporting the youth of the country.
The decision to hike the stipend amount and allocate a significant budget for the employment scheme is expected to be announced in the upcoming Union Budget 2026-27. The government’s budget is always eagerly awaited, and this year’s budget is expected to be no exception. The proposed hike in the stipend amount and the allocation of a significant budget for the employment scheme are just a few of the many announcements that are expected to be made in the budget.
As the country waits with bated breath for the upcoming budget, one thing is clear – the government is committed to supporting the youth of the country and providing them with opportunities for employment and skill development. The PM Internship Scheme is just one example of the government’s efforts in this direction, and the proposed hike in the stipend amount is a welcome move that is expected to benefit thousands of interns across the country.
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