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 by Moneycontrol. The Ministry of Corporate Affairs is expected to announce this increase in the Union Budget 2026-27, which is set to be presented soon. The proposed hike is likely to be in the range of ₹1,000 to ₹2,000, which would be a significant boost to the current one-time stipend amount of ₹6,000 provided to new interns under the scheme.
The PM Internship Scheme is a flagship program aimed at providing opportunities to young individuals to gain work experience and skills in various fields. The scheme has been instrumental in promoting employment and entrepreneurship among the youth, and the proposed hike in stipend amount is expected to further incentivize participation in the program. The government’s decision to increase the stipend amount is a welcome move, as it would help interns to cover their living expenses and other costs associated with their internship.
According to the report, the government would allocate over ₹30,000 crore for the employment scheme, which is expected to generate 350 million jobs by July 31, 2027. This is a significant investment in the employment sector, and the proposed hike in stipend amount is just one of the many initiatives that the government is taking to promote employment and economic growth. The allocation of such a large amount of funds for the employment scheme is a clear indication of the government’s commitment to creating jobs and promoting economic development.
The PM Internship Scheme has been successful in providing opportunities to thousands of young individuals to gain work experience and skills in various fields. The scheme has been implemented in various sectors, including IT, finance, healthcare, and education, among others. The scheme has not only helped interns to gain practical experience but also provided them with a platform to showcase their skills and talent. Many interns who have completed the program have gone on to secure full-time employment or start their own businesses, which is a testament to the effectiveness of the scheme.
The proposed hike in stipend amount is expected to attract more young individuals to participate in the PM Internship Scheme. The current stipend amount of ₹6,000 is a one-time payment, and the proposed hike would increase the amount to ₹7,000 to ₹8,000. This would be a significant increase, and it would help interns to cover their living expenses and other costs associated with their internship. The hike in stipend amount would also help to promote the scheme and attract more participants, which would ultimately contribute to the government’s goal of generating 350 million jobs by July 31, 2027.
The government’s decision to hike the stipend amount under the PM Internship Scheme is a welcome move, as it would help to promote employment and economic growth. The allocation of over ₹30,000 crore for the employment scheme is a significant investment, and it is expected to have a positive impact on the economy. The proposed hike in stipend amount would not only benefit the interns but also contribute to the overall development of the country.
In conclusion, the proposed hike in stipend amount under the PM Internship Scheme is a significant development, and it is expected to have a positive impact on the employment sector. The government’s decision to allocate over ₹30,000 crore for the employment scheme is a clear indication of its commitment to creating jobs and promoting economic development. The PM Internship Scheme has been successful in providing opportunities to thousands of young individuals, and the proposed hike in stipend amount would only add to its effectiveness.
As the Union Budget 2026-27 is set to be presented soon, it would be interesting to see if the government announces the proposed hike in stipend amount under the PM Internship Scheme. If the hike is announced, it would be a welcome move, and it would help to promote employment and economic growth. The government’s initiatives to promote employment and economic development are commendable, and it is expected that the proposed hike in stipend amount would be just one of the many initiatives that would be announced in the upcoming budget.
For more information on this development, you can visit the news source at https://www.newsbytesapp.com/news/business/budget-government-may-raise-intern-stipend-under-pm-internship-scheme/story. The report provides more details on the proposed hike in stipend amount and the government’s plans to allocate over ₹30,000 crore for the employment scheme. The news source is a reliable platform that provides updates on the latest developments in the business and economy sector.
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