Budget 2026: PM Internship Scheme Set for Major Overhaul, Stipend Hike Expected

• The government is considering significant changes to the PM Internship Scheme (PMIS) to enhance youth skills and employment readiness.
• A key proposal includes increasing the monthly stipend from Rs 5,000 to approximately Rs 11,800 to boost participation.
• The Ministry of Corporate Affairs (MCA) is working on amendments, potentially linking PMIS stipends to the National Apprenticeship Promotion Scheme (NAPS).
• The number of participating companies is expected to rise from 549 to 6,000, including those involved in CSR activities.
• The age limit for interns may also be expanded from 21-24 years to 18-30 years to encourage broader youth involvement.

Why It Matters: PM Internship Scheme to see stipend increase, more companies, and expanded age limit in Budget 2026.