Govt may hike stipend under PM Internship in Budget 2026: Report
The Indian government is considering a significant enhancement to the Prime Minister’s Internship Scheme, a flagship program aimed at promoting employment and skill development among the country’s youth. 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 potential hike is expected to provide a much-needed boost to the scheme, which has been instrumental in generating employment opportunities for millions of young Indians.
Currently, new interns under the PM Internship Scheme are provided a direct benefit transfer of ₹6,000. While this amount has been a welcome incentive for many, the proposed increase is likely to make the scheme even more attractive to aspiring interns. The government’s decision to hike the stipend amount is a clear indication of its commitment to supporting the country’s youth and promoting employment opportunities.
The PM Internship Scheme has been a key component of the government’s efforts to address the issue of unemployment in India. The scheme provides interns with valuable work experience, skills training, and a stipend to support their living expenses. By increasing the stipend amount, the government aims to make the scheme more appealing to a larger number of young people, thereby increasing participation and ultimately, employment outcomes.
The government’s plans to allocate over ₹30,000 crore for the employment scheme are a testament to its seriousness about generating jobs and promoting economic growth. The scheme is expected to generate a staggering 350 million jobs by July 31, 2027, a target that is both ambitious and crucial for the country’s economic development. The allocation of such a significant amount of funds to the scheme demonstrates the government’s commitment to creating employment opportunities and supporting the country’s youth.
The potential hike in the stipend amount under the PM Internship Scheme is also expected to have a positive impact on the country’s economy. By providing interns with a higher stipend, the government is likely to increase consumer spending, which in turn, will boost economic growth. Additionally, the scheme is expected to promote entrepreneurship and innovation, as interns gain valuable work experience and skills that will enable them to start their own businesses or contribute to the growth of existing ones.
The government’s decision to enhance the PM Internship Scheme is a welcome move, and it is expected to have far-reaching benefits for the country’s youth and economy. The scheme has already made a significant impact, and the proposed increase in the stipend amount is likely to take it to the next level. As the government prepares to present the Union Budget 2026-27, it is clear that the PM Internship Scheme will be a key area of focus, and the proposed hike in the stipend amount is a significant step in the right direction.
In conclusion, the potential hike in the stipend amount under the PM Internship Scheme is a positive development that is expected to have a significant impact on the country’s youth and economy. The government’s decision to allocate over ₹30,000 crore for the employment scheme and generate 350 million jobs by July 31, 2027, is a testament to its commitment to creating employment opportunities and promoting economic growth. As the country looks to the future, it is clear that the PM Internship Scheme will play a vital role in shaping the country’s economic destiny.
The details of the proposed hike in the stipend amount and the allocation of funds for the employment scheme are expected to be announced in the upcoming Union Budget 2026-27. The government’s plans to enhance the PM Internship Scheme are a welcome move, and it is expected to have a positive impact on the country’s youth and economy.
The PM Internship Scheme has been a flagship program of the government, and it has already made a significant impact in promoting employment and skill development among the country’s youth. The scheme has provided interns with valuable work experience, skills training, and a stipend to support their living expenses. The proposed hike in the stipend amount is likely to make the scheme even more attractive to aspiring interns, and it is expected to increase participation and employment outcomes.
The government’s decision to enhance the PM Internship Scheme is a clear indication of its commitment to supporting the country’s youth and promoting employment opportunities. The scheme has already generated a significant number of jobs, and the proposed increase in the stipend amount is expected to take it to the next level. As the country looks to the future, it is clear that the PM Internship Scheme will play a vital role in shaping the country’s economic destiny.
In the upcoming Union Budget 2026-27, the government is expected to announce the details of the proposed hike in the stipend amount and the allocation of funds for the employment scheme. The government’s plans to enhance the PM Internship Scheme are a welcome move, and it is expected to have a positive impact on the country’s youth and economy.
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