Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government is expected to announce a significant hike in the stipend amount provided to interns under the PM Internship Scheme in the upcoming Union Budget 2026-27. According to a report by Moneycontrol, the Ministry of Corporate Affairs may increase the one-time stipend amount by ₹1,000-₹2,000, bringing the total amount to ₹7,000-₹8,000. This move is aimed at incentivizing more students to participate in the internship program and to provide them with a more substantial financial benefit.
Currently, new interns under the PM Internship Scheme are provided with a direct benefit transfer of ₹6,000. The scheme, which was launched to promote skill development and employment among youth, has been gaining popularity over the years. The government has been actively promoting the scheme, and the proposed hike in stipend amount is expected to further boost its attractiveness.
The PM Internship Scheme is a key component of the government’s employment generation plan, which aims to create 350 million jobs by July 31, 2027. To achieve this ambitious target, the government is expected to allocate over ₹30,000 crore for the employment scheme in the upcoming budget. This allocation will be used to fund various initiatives, including the PM Internship Scheme, to promote skill development, entrepreneurship, and job creation.
The proposed hike in stipend amount is expected to benefit thousands of students who participate in the internship program every year. The PM Internship Scheme provides an opportunity for students to gain practical experience and skills in various fields, including technology, healthcare, and finance. The scheme also provides a platform for students to network with professionals and build connections that can be useful in their future careers.
The government’s decision to hike the stipend amount is also expected to have a positive impact on the overall economy. By providing a higher stipend amount, the government is encouraging more students to participate in the internship program, which can lead to an increase in the number of skilled workers in the economy. This, in turn, can lead to an increase in productivity, innovation, and economic growth.
The PM Internship Scheme is also expected to play a key role in promoting entrepreneurship and job creation in the country. The scheme provides an opportunity for students to develop innovative ideas and turn them into successful businesses. By providing a higher stipend amount, the government is encouraging more students to take the entrepreneurial route, which can lead to the creation of new jobs and opportunities.
In addition to the proposed hike in stipend amount, the government is also expected to announce other initiatives to promote employment and skill development in the country. These initiatives may include the launch of new skill development programs, the creation of new job opportunities in various sectors, and the provision of financial support to entrepreneurs and small businesses.
Overall, the proposed hike in stipend amount under the PM Internship Scheme is a positive move that is expected to have a significant impact on the employment landscape in India. By providing a higher stipend amount, the government is encouraging more students to participate in the internship program, which can lead to an increase in the number of skilled workers in the economy. The move is also expected to promote entrepreneurship and job creation, which can lead to an increase in economic growth and development.
In conclusion, the government’s decision to hike the stipend amount under the PM Internship Scheme is a welcome move that is expected to have a positive impact on the employment landscape in India. The proposed hike in stipend amount, along with other initiatives to promote employment and skill development, is expected to play a key role in achieving the government’s target of creating 350 million jobs by July 31, 2027.
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