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 platform for young individuals to gain hands-on experience in various fields. 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 report by Moneycontrol, the government is considering an increase of ₹1,000-₹2,000 in the stipend amount, which is currently set at ₹6,000. This stipend is provided to new interns as a direct benefit transfer, aiming to support their living expenses during the internship period. The proposed hike is expected to be announced in the Union Budget 2026-27, which will be presented by the Finance Minister soon.
The PM Internship Scheme has been instrumental in providing opportunities to young individuals to gain practical experience in various fields, including corporate, social, and public sectors. The scheme aims to equip interns with the necessary skills and knowledge to enhance their employability and contribute to the country’s economic growth. By increasing the stipend amount, the government intends to make the scheme more attractive and beneficial for the interns, encouraging them to participate in the program.
In addition to the stipend hike, the government is also planning to allocate a significant amount for the employment scheme. 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 is a significant increase from the previous budget and reflects the government’s commitment to promoting employment and skill development among the youth.
The PM Internship Scheme has been well-received by the youth, and the proposed stipend hike is expected to further boost its popularity. The scheme provides a unique opportunity for young individuals to work with top organizations, gain hands-on experience, and develop their skills and knowledge. The stipend provided under the scheme helps interns to cover their living expenses, allowing them to focus on their internship and gain the most out of the experience.
The government’s decision to hike the stipend amount and allocate a significant amount for the employment scheme is a positive step towards promoting employment and skill development among the youth. The move is expected to encourage more young individuals to participate in the scheme, which will not only benefit them but also contribute to the country’s economic growth.
In recent years, the Indian government has been taking various initiatives to promote employment and skill development among the youth. The government has launched several schemes, including the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), the National Skill Development Mission, and the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), to name a few. These schemes aim to provide training and employment opportunities to young individuals, enabling them to acquire the necessary skills and knowledge to compete in the job market.
The proposed stipend hike under the PM Internship Scheme is a welcome move, and it is expected to have a positive impact on the youth. The scheme provides a unique opportunity for young individuals to gain hands-on experience, develop their skills and knowledge, and enhance their employability. The stipend provided under the scheme helps interns to cover their living expenses, allowing them to focus on their internship and gain the most out of the experience.
In conclusion, the government’s decision to hike the stipend amount under the PM Internship Scheme is a positive step towards promoting employment and skill development among the youth. The proposed stipend hike, along with the significant allocation for the employment scheme, is expected to encourage more young individuals to participate in the scheme, which will not only benefit them but also contribute to the country’s economic growth. The government’s initiatives to promote employment and skill development among the youth are commendable, and it is expected that these initiatives will have a positive impact on the country’s economy in the long run.
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