Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government is considering a hike in the stipend amount provided to interns under the PM Internship Scheme, according to a recent report. The Ministry of Corporate Affairs is expected to announce this increase in the Union Budget 2026-27, which could see a rise of ₹1,000-₹2,000 in the one-time stipend amount. This move is aimed at incentivizing more young individuals to participate in the internship program and gain valuable work experience.
Currently, new interns under the PM Internship Scheme are provided a direct benefit transfer of ₹6,000. This amount is a one-time payment made to interns who successfully complete their internship tenure. The proposed hike would increase the stipend amount to ₹7,000-₹8,000, making the program more attractive to students and young professionals.
The PM Internship Scheme is a flagship program of the government aimed at promoting employment and skill development among the youth. The scheme provides an opportunity for interns to work with various government departments, ministries, and public sector undertakings, gaining hands-on experience and skills in their chosen field. The program is expected to generate 350 million jobs by July 31, 2027, and the government would allocate over ₹30,000 crore for the employment scheme.
The increase in stipend amount is expected to be a significant boost to the program, encouraging more young individuals to apply for the internship. The hike would not only provide financial support to interns but also recognize their contribution to the organization and the economy. The government’s decision to increase the stipend amount is a testament to its commitment to promoting employment and skill development among the youth.
The PM Internship Scheme has been successful in providing opportunities to young individuals to gain work experience and skills. The program has seen a significant increase in the number of applicants over the years, and the government’s decision to hike the stipend amount is expected to further increase its popularity. The scheme has also been instrumental in promoting entrepreneurship and innovation among the youth, with many interns going on to start their own businesses and create jobs.
The government’s allocation of over ₹30,000 crore for the employment scheme is a significant investment in the country’s human capital. The program is expected to have a multiplier effect on the economy, generating jobs and promoting economic growth. The government’s decision to increase the stipend amount under the PM Internship Scheme is a step in the right direction, recognizing the importance of investing in the youth and promoting employment and skill development.
The proposed hike in stipend amount under the PM Internship Scheme is a welcome move, and it is expected to have a positive impact on the program. The increase in stipend amount would not only provide financial support to interns but also recognize their contribution to the organization and the economy. The government’s decision to increase the stipend amount is a testament to its commitment to promoting employment and skill development among the youth.
In conclusion, the government’s decision to hike the stipend amount under the PM Internship Scheme is a significant move aimed at promoting employment and skill development among the youth. The proposed hike of ₹1,000-₹2,000 in the one-time stipend amount would increase the attractiveness of the program, encouraging more young individuals to apply for the internship. The government’s allocation of over ₹30,000 crore for the employment scheme is a significant investment in the country’s human capital, and the program is expected to generate 350 million jobs by July 31, 2027.
The PM Internship Scheme is a flagship program of the government, and the proposed hike in stipend amount is a step in the right direction. The program has been successful in providing opportunities to young individuals to gain work experience and skills, and the government’s decision to increase the stipend amount is expected to further increase its popularity. The scheme has also been instrumental in promoting entrepreneurship and innovation among the youth, with many interns going on to start their own businesses and create jobs.
The government’s decision to hike the stipend amount under the PM Internship Scheme is a welcome move, and it is expected to have a positive impact on the program. The increase in stipend amount would not only provide financial support to interns but also recognize their contribution to the organization and the economy. The government’s decision to increase the stipend amount is a testament to its commitment to promoting employment and skill development among the youth.
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