What is the Stipend Offered in the PM Internship Scheme?

The Prime Minister Internship Scheme (PMIS) is a flagship initiative by the Government of India aimed at equipping young individuals with practical work experience, industry exposure, and improved employability.  

Designed as a year-long program, PMIS offers structured internship opportunities across India’s top 500 companies, helping bridge the gap between academic learning and real-world job requirements. One of the most frequently asked questions about the scheme is regarding the stipend and financial support provided to interns. 

What is the Stipend for the PM Internship? 

Selected interns under the PMIS receive a monthly stipend of ₹5,000 for the entire 12-month duration of the internship. In addition to this, they are also eligible for a one-time joining grant of ₹6,000, making the overall financial benefit both structured and supportive. 

Breakdown of the Stipend 

Monthly Stipend – ₹5,000: 

• ₹4,500 is directly transferred to the intern’s Aadhaar-linked bank account via Direct Benefit Transfer (DBT) by the Government of India. 

• ₹500 is contributed by the partner company where the intern is placed. This portion may be performance-linked, depending on attendance, conduct, and engagement. 

One-Time Grant – ₹6,000: 

• This amount is disbursed upon the intern’s joining the programme and is intended to assist with initial onboarding and living expenses. 

Total Financial Assistance 

Over the internship duration, an intern can expect to receive: 

• ₹5,000 x 12 months = ₹60,000 (monthly stipend) 

• ₹6,000 (one-time joining grant) 

Total: ₹66,000 

While this amount might seem modest, the program’s true value lies in its holistic approach to skill-building and professional development. 

Additional Benefits Beyond the Stipend 

The PM Internship Scheme is not just a financial support initiative; it’s a comprehensive career accelerator. Some of the key non-monetary benefits include: 

• Real-World Industry Exposure: Interns are placed in top companies spanning sectors like IT, manufacturing, finance, services, and more, providing hands-on experience that complements academic learning. 

• Skill Development: The internship aims to enhance soft skills, technical knowledge, and workplace etiquette, significantly boosting employability. 

• Networking Opportunities: Working in reputed organisations allows interns to build a professional network and gain insights from industry mentors. 

• Insurance Coverage: Interns are covered under government schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana, with premiums paid by the government. Partner companies may also offer additional accident or health insurance coverage. 

• Certificate of Completion: After successfully completing the internship, participants receive a certificate from the hosting company, which can serve as a valuable addition to their resumes. 

Also Read: PM Internship Scheme 2025: How to Check Application Status Online? 

Conclusion 

The PM Internship Scheme represents a significant step toward empowering India’s youth by combining financial assistance with meaningful workplace exposure. With a stipend totaling ₹66,000 over a year, comprehensive insurance coverage, and invaluable work experience, the scheme opens up new pathways for skill development and career readiness. For students and fresh graduates, it can serve as a launchpad to transition confidently into the professional world. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.