Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government has been actively working towards promoting employment and skill development among the youth. One of the key initiatives in this direction is the PM Internship Scheme, which provides a platform for young individuals to gain practical work experience and develop their skills. According to recent reports, the Ministry of Corporate Affairs may hike the one-time stipend amount provided to interns under this scheme in the upcoming Union Budget 2026-27.
As per the current provisions, new interns under the PM Internship Scheme are provided a direct benefit transfer of ₹6,000. However, if the proposed hike is implemented, the stipend amount may be increased 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 part of the scheme, providing them with a higher financial incentive to pursue their internship opportunities.
The PM Internship Scheme is a key component of the government’s employment generation strategy, which aims to create a large number of jobs across various sectors. The government has allocated a significant budget for this scheme, with reports suggesting that over ₹30,000 crore may be earmarked for the employment scheme in the upcoming budget. This allocation is expected to generate a whopping 350 million jobs by July 31, 2027, which would be a significant boost to the country’s employment landscape.
The proposed hike in the stipend amount is seen as a positive move, as it would not only benefit the interns but also encourage more young individuals to participate in the scheme. The PM Internship Scheme provides a unique opportunity for students and young professionals to gain hands-on experience in their chosen field, which can be invaluable in terms of skill development and career advancement.
The scheme has been designed to provide a platform for interns to work with top companies and organizations, gaining exposure to the latest industry trends and best practices. The stipend amount is provided as a one-time payment, which is intended to support the interns during their internship period. The hike in the stipend amount would be a welcome move, as it would help to offset the living expenses and other costs associated with pursuing an internship.
The government’s focus on employment generation and skill development is evident from the large allocation of funds for the PM Internship Scheme. The scheme is expected to play a key role in addressing the country’s unemployment challenges, which have been a major concern in recent years. By providing a platform for young individuals to gain practical work experience and develop their skills, the scheme is expected to contribute significantly to the country’s economic growth and development.
The proposed hike in the stipend amount is also seen as a move to attract more talented individuals to the scheme. The PM Internship Scheme has been designed to provide a competitive platform for interns to showcase their skills and talent, and the increased stipend amount would be a major draw for top performers. The scheme has already gained popularity among students and young professionals, and the proposed hike is expected to further boost its appeal.
In conclusion, the proposed hike in the stipend amount under the PM Internship Scheme is a positive move that is expected to benefit a large number of interns. The government’s focus on employment generation and skill development is evident from the large allocation of funds for the scheme, which is expected to generate a significant number of jobs across various sectors. The PM Internship Scheme is a key component of the government’s employment strategy, and the proposed hike in the stipend amount would be a welcome move for young individuals who are part of the scheme.
The government’s efforts to promote employment and skill development are commendable, and the PM Internship Scheme is a significant initiative in this direction. The scheme has the potential to make a significant impact on the country’s employment landscape, and the proposed hike in the stipend amount would be a major boost to its effectiveness. As the country looks to address its unemployment challenges, the PM Internship Scheme is expected to play a key role in providing opportunities for young individuals to gain practical work experience and develop their skills.
The upcoming Union Budget 2026-27 is expected to provide more details on the proposed hike in the stipend amount and the allocation of funds for the PM Internship Scheme. The government’s focus on employment generation and skill development is evident from the large allocation of funds for the scheme, and the proposed hike in the stipend amount would be a welcome move for young individuals who are part of the scheme.
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