Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government has been actively working to promote employment and skill development among the youth. One such initiative is the PM Internship Scheme, which aims to provide internships to students and young individuals, enabling them to gain practical experience and skills in their chosen fields. According to recent reports, the Ministry of Corporate Affairs may hike the one-time stipend amount provided to interns under the PM Internship Scheme in the upcoming Union Budget 2026-27.
As per the reports, the government is considering increasing the stipend amount by ₹1,000-₹2,000, which would be a significant boost to the existing amount of ₹6,000 provided to new interns through direct benefit transfer. This move is expected to benefit a large number of interns who are currently availing of the scheme, and would also attract more young individuals to participate in the program.
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 the scheme, with reports suggesting that over ₹30,000 crore would be allocated 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 major boost to the country’s employment landscape.
The decision to hike the stipend amount under the PM Internship Scheme is a welcome move, as it would provide interns with a higher financial incentive to participate in the program. The current stipend amount of ₹6,000, although a good starting point, may not be sufficient to cover the living expenses of interns, especially those who have to relocate to other cities for their internships. An increase of ₹1,000-₹2,000 would make a significant difference, enabling interns to focus on their work and gain valuable experience without worrying about their financial constraints.
The PM Internship Scheme has been well-received by students and young individuals, who see it as an opportunity to gain practical experience and skills in their chosen fields. The scheme has also been praised by industry experts, who believe that it would help to address the skill gap in the country and provide a steady supply of skilled workers to the industry. With the proposed hike in stipend amount, the scheme is expected to become even more attractive, and would likely see a significant increase in the number of applicants.
The government’s decision to allocate over ₹30,000 crore for the employment scheme is a clear indication of its commitment to generating employment opportunities for the youth. The target of creating 350 million jobs by July 31, 2027, is ambitious, but achievable, given the government’s track record of implementing successful employment generation schemes. The PM Internship Scheme is just one of the many initiatives undertaken by the government to promote employment and skill development, and its success would have a positive impact on the country’s economy and society as a whole.
In conclusion, the proposed hike in stipend amount under the PM Internship Scheme is a welcome move, which would provide interns with a higher financial incentive to participate in the program. The government’s allocation of over ₹30,000 crore for the employment scheme is a clear indication of its commitment to generating employment opportunities for the youth. With the PM Internship Scheme and other employment generation initiatives, the government is well on its way to achieving its target of creating 350 million jobs by July 31, 2027.
The success of the PM Internship Scheme and other employment generation initiatives would have a positive impact on the country’s economy and society as a whole. It would provide a steady supply of skilled workers to the industry, addressing the skill gap and promoting economic growth. It would also provide young individuals with the opportunity to gain practical experience and skills, enabling them to pursue their career goals and become productive members of society.
As the country looks forward to the upcoming Union Budget 2026-27, there is a sense of optimism and expectation among the youth, who are eager to see the government’s plans for promoting employment and skill development. The proposed hike in stipend amount under the PM Internship Scheme is a positive step in this direction, and would likely be welcomed by students and young individuals across the country.
In the coming months, the government is expected to announce more details about the PM Internship Scheme and other employment generation initiatives. As the country moves forward, it is essential to monitor the progress of these initiatives and provide feedback to the government, to ensure that they are effective in achieving their objectives.
For now, the proposed hike in stipend amount under the PM Internship Scheme is a welcome move, which would provide interns with a higher financial incentive to participate in the program. With the government’s commitment to generating employment opportunities for the youth, the future looks bright, and the country can expect to see a significant increase in employment opportunities in the coming years.
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