Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government is considering a significant move to boost the employment prospects of young individuals in the country. According to a recent report, the Ministry of Corporate Affairs may announce a hike in the stipend amount provided to interns under the PM Internship Scheme in the upcoming Union Budget 2026-27. This move is expected to benefit thousands of interns who are part of the scheme, providing them with a higher financial incentive to pursue their professional development.
At present, new interns under the PM Internship Scheme are provided with a one-time stipend of ₹6,000, which is transferred directly to their bank accounts through the Direct Benefit Transfer (DBT) mechanism. However, if the proposed hike is implemented, the stipend amount could increase by ₹1,000-₹2,000, taking the total amount to ₹7,000-₹8,000. This increase would not only provide interns with a higher financial incentive but also help them to cover their living expenses and other costs associated with their internship.
The PM Internship Scheme is a flagship program of the Indian government, aimed at providing young individuals with opportunities to gain practical work experience and skills in various fields. The scheme has been successful in generating employment opportunities for thousands of young people, and the proposed hike in stipend amount is expected to further boost its effectiveness.
The government is also planning to allocate a significant amount of funds for the employment scheme in the upcoming budget. According to reports, the government would allocate over ₹30,000 crore for the scheme, which is expected to generate 350 million jobs by July 31, 2027. This allocation would not only provide a boost to the employment sector but also contribute to the country’s economic growth and development.
The PM Internship Scheme has been widely appreciated for its efforts to promote employment and skill development among young individuals. The scheme provides interns with an opportunity to work with top organizations and gain hands-on experience in their chosen field. The scheme also provides a platform for interns to network with professionals and build relationships that can be beneficial for their future careers.
The proposed hike in stipend amount is expected to attract more young individuals to the scheme, providing them with a higher financial incentive to pursue their professional development. The hike would also help to increase the popularity of the scheme, which has already gained widespread recognition and appreciation from various stakeholders.
The Indian government has been taking several initiatives to promote employment and skill development among young individuals. The PM Internship Scheme is one of the key initiatives in this regard, and the proposed hike in stipend amount is expected to further boost its effectiveness. The scheme has already generated thousands of employment opportunities, and the proposed allocation of ₹30,000 crore is expected to take this number to new heights.
The employment sector is a critical component of the Indian economy, and the government’s efforts to promote employment and skill development are widely appreciated. The PM Internship Scheme is a significant initiative in this regard, and the proposed hike in stipend amount is expected to have a positive impact on the employment sector.
In conclusion, the proposed hike in stipend amount under the PM Internship Scheme is a significant move that is expected to boost the employment prospects of young individuals in the country. The hike would provide interns with a higher financial incentive to pursue their professional development, and the proposed allocation of ₹30,000 crore would generate thousands of employment opportunities. The Indian government’s efforts to promote employment and skill development are widely appreciated, and the PM Internship Scheme is a key initiative in this regard.
The government’s decision to hike the stipend amount is a positive step towards promoting employment and skill development among young individuals. The move is expected to have a positive impact on the employment sector, and the proposed allocation of ₹30,000 crore would contribute to the country’s economic growth and development.
The PM Internship Scheme is a flagship program of the Indian government, and the proposed hike in stipend amount is expected to further boost its effectiveness. The scheme has already generated thousands of employment opportunities, and the proposed allocation of ₹30,000 crore would take this number to new heights.
The Indian government’s efforts to promote employment and skill development are widely appreciated, and the PM Internship Scheme is a significant initiative in this regard. The proposed hike in stipend amount is a positive step towards promoting employment and skill development among young individuals, and the proposed allocation of ₹30,000 crore would contribute to the country’s economic growth and development.
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