Summary: The government has significantly increased the budget allocation for the FY26 Prime Minister internship scheme, earmarking ₹10,831 crore, which is over 27 times the current fiscal year’s funding. This move indicates a commitment to supporting 1.8 million interns next year.
In a bold and strategic move, the government has announced a substantial increase in the budget allocation for the Prime Minister internship scheme for the fiscal year 2026. The decision to allocate ₹10,831 crore signifies a significant jump from the funds set aside for the current fiscal year. This substantial increase in funding aims to support a staggering 1.8 million interns in the upcoming year, highlighting the government’s focus on investing in skill development and youth empowerment.
Government’s Commitment to Skill Development
The decision to boost the funding for the Prime Minister internship scheme reflects the government’s unwavering commitment to skill development and youth empowerment. By allocating a substantial budget for this program, the government is not only investing in the future workforce but also providing valuable opportunities for young individuals to gain practical experience and enhance their employability.
Expert Quote: According to Dr. Ananya Sharma, a leading economist, “This significant increase in budget allocation for the Prime Minister internship scheme demonstrates the government’s recognition of the importance of fostering skill development among the youth. By investing in programs that provide hands-on experience and training, the government is laying a strong foundation for the country’s future workforce.”
Impact on Youth Empowerment and Employability
The surge in budget allocation for the Prime Minister internship scheme is poised to have a transformative impact on youth empowerment and employability. With a focus on providing practical training and exposure to real-world scenarios, this program equips young individuals with the skills and knowledge necessary to excel in their chosen fields. By expanding the reach of the scheme and accommodating a larger number of interns, the government is paving the way for a more skilled and competitive workforce.
The increased funding for the Prime Minister internship scheme not only enhances the employability of the youth but also contributes to overall economic growth and development. By nurturing talent and providing opportunities for hands-on learning, the government is fostering a culture of innovation and excellence that will drive the country towards progress and prosperity.
In conclusion, the government’s decision to raise the budget allocation for the Prime Minister internship scheme by 27 times for the fiscal year 2026 underscores its commitment to skill development, youth empowerment, and economic growth. By investing in programs that equip young individuals with the tools they need to succeed, the government is laying a strong foundation for a skilled and competitive workforce that will drive the country’s progress and development in the years to come.
