PM Modi Schemes for Students 2026: Complete List of Scholarships, Internships & Benefits

PM Scholarship Scheme (PMSS)

Started in 2007, PMSS provides monthly scholarships to wards and widows of ex-servicemen, CAPF personnel, and Assam Rifles personnel. The scholarship is for professional degree courses — engineering, medicine, MBA, MCA, pharmacy, nursing, and more. Important: This is specifically for families of defence/paramilitary personnel — not for general students.

Eligibility: Ward or widow of ex-serviceman/CAPF/AR personnel. Must have 60%+ in 12th. Pursuing professional degree.

PM YASASVI Scholarship

PM Young Achievers Scholarship Award Scheme for Vibrant India (YASASVI) provides financial support to students from OBC (Other Backward Class), EBC (Economically Backward Class), and DNT (De-notified Tribes) categories. Class 9 and 11 students are selected on merit basis. Amount ranges from ₹75,000 to ₹1,25,000 per year depending on the level of study.

Eligibility: OBC/EBC/DNT category. Class 9–12 or college. Family income below ₹2.5 lakh per year.

National Scholarship Portal (NSP) Scholarships

NSP is the single portal for all central government scholarships. Key scholarships available here include: Pre-Matric and Post-Matric Scholarships for SC/ST students, Merit-cum-Means Scholarship for minorities, Central Sector Scheme of Scholarships for college students (top 20 percentile in 12th board), and National Fellowship for ST students (up to ₹2.5 lakh for research).

Eligibility: Varies by scheme — mostly based on category (SC/ST/OBC/Minority) and income below ₹2.5 lakh/year.

PM Internship Scheme 2026 ⭐ Most Important

This is the biggest government scheme for students in 2026. The PM Internship Scheme places youth in top Indian companies — Reliance, Tata, HDFC, Infosys, and 490+ others — for 12 months of real paid work experience. The government pays ₹4,500/month directly to your bank account, and the company adds ₹4,500 more, totalling ₹9,000/month. Plus a one-time ₹6,000 joining bonus (₹3,000 on joining + ₹3,000 after 3 months). Insurance under PM Jeevan Jyoti Bima and PM Suraksha Bima is also provided free.

2026 updates: Age limit expanded to 18–25 years. Final-year UG and PG students can now apply (with NOC from college).

NOT eligible: IIT/IIM/NLU graduates, CA/CMA/MBBS holders, family income above ₹8 lakh/year, family member in government job.

Eligible courses: Class 10/12, ITI, Diploma, any UG or PG degree.

PM Vidya Laxmi Education Loan Portal

PM Vidya Laxmi is a single portal where students can compare and apply to multiple bank education loans at once — without visiting each bank separately. Students from families with annual income below ₹4.5 lakh get full interest subsidy under the Central Sector Interest Subsidy (CSIS) scheme, meaning the government pays your loan interest while you're studying. Loans up to ₹7.5 lakh require no collateral.

Eligibility: Indian student admitted to recognized college/university. Income below ₹4.5 lakh/year for interest subsidy.

Skill India — PM Kaushal Vikas Yojana (PMKVY)

PMKVY provides free vocational training in 300+ job roles — IT, electronics, construction, hospitality, healthcare, and more. Training happens at Skill India centres across India. After completing the course, students get a government-recognized certificate that can be used for jobs. Some courses also include a stipend during training.

Eligibility: Any Indian citizen aged 15–45. No minimum qualification for most courses.

PM USHA — PM Uchchatar Shiksha Abhiyan

PM USHA provides central government funding to state universities and colleges to improve quality — better labs, libraries, faculty, and infrastructure. It directly benefits students studying in government colleges by upgrading the quality of education. RGUKT receives benefits under similar central schemes as a central university.

New National Education Policy (NEP) 2020

NEP 2020 is the biggest education reform in India since 1986. Key changes for students: flexible degree structure (exit after 1, 2, or 3 years with certificate/diploma/degree), vocational training from Class 6, teaching in mother tongue up to Grade 5, and emphasis on critical thinking over rote learning. For engineering students, NEP encourages internships from the second year onward as part of the curriculum.