Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government is considering a significant enhancement to the PM Internship Scheme, a program aimed at providing young individuals with valuable work experience and a financial stipend to support their career development. According to a recent report by Moneycontrol, the Ministry of Corporate Affairs may increase the one-time stipend amount provided to interns under the scheme by ₹1,000-₹2,000 in the upcoming Union Budget 2026-27. This move is expected to benefit thousands of interns who are currently part of the program, as well as those who will be joining in the future.
At present, new interns under the PM Internship Scheme are provided with a direct benefit transfer of ₹6,000. This amount is intended to help them cover their living expenses while they gain practical work experience and develop new skills. The proposed hike of ₹1,000-₹2,000 would take the total stipend amount to ₹7,000-₹8,000, providing a much-needed boost to the interns’ financial support.
The PM Internship Scheme is a key component of the government’s efforts to promote employment and skill development among young Indians. The program aims to provide interns with hands-on experience in various industries and sectors, enabling them to acquire the skills and knowledge required to succeed in their chosen careers. By increasing the stipend amount, the government hopes to make the program more attractive to potential interns and encourage more young people to participate.
The government’s plans to allocate over ₹30,000 crore for the employment scheme are also a significant development. This substantial investment is expected to generate 350 million jobs by July 31, 2027, a target that aligns with the government’s broader objective of promoting economic growth and employment opportunities. The allocation of such a large amount of funds demonstrates the government’s commitment to supporting the employment sector and providing opportunities for young people to develop their skills and careers.
The PM Internship Scheme has been well-received by students and young professionals, who see it as an opportunity to gain valuable work experience and build their professional networks. The program has also been praised by industry leaders, who recognize the importance of providing young people with the skills and training they need to succeed in the workforce.
The proposed hike in the stipend amount is likely to be welcomed by interns and potential applicants, who will see it as a positive development that enhances the overall value of the program. The increased stipend amount will not only provide financial support but also demonstrate the government’s commitment to supporting the career development of young Indians.
The Union Budget 2026-27 is expected to be presented in the coming weeks, and the government’s plans for the PM Internship Scheme will be closely watched by stakeholders, including students, industry leaders, and policymakers. The allocation of funds for the employment scheme and the proposed hike in the stipend amount are significant developments that will have a positive impact on the program and its beneficiaries.
In conclusion, the government’s plans to hike the stipend amount under the PM Internship Scheme are a positive development that will benefit thousands of young Indians. The proposed increase of ₹1,000-₹2,000 will provide interns with much-needed financial support, while the allocation of over ₹30,000 crore for the employment scheme will generate 350 million jobs by July 31, 2027. The government’s commitment to supporting the employment sector and providing opportunities for young people to develop their skills and careers is commendable, and the PM Internship Scheme is an important component of this effort.
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