DEA Internship Scheme 2025: Eligibility, Paid & Unpaid Internships for PG and PhD Students

By /

The Department of Economic Affairs of the Ministry of Finance manages the Internship Scheme for PhD or postgraduate students working on specific issues relating to macro-economic management, capital Markets, Economic Reforms, Exchange Management, Foreign Investment in India and India Investment abroad, Monetary Policy, Fiscal Policy, Inflation Management, Debt Market Operation and Debt Management (External & Domestic), Small Savings, Modernization of Budget Documents, Bilateral Investment Treaties, Infrastructure Financing, etc.

  • Capital Markets
  • Economic Reforms
  • Foreign Investment
  • Monetary & Fiscal Policies
  • Debt Market Operations
  • Infrastructure Financing

This prestigious internship is highly beneficial for students aiming to gain insights into India’s economic framework.

Objective

The internship aims to:

  • Familiarize students with the policy formulation process at a macroeconomic level.
  • Provide a research-based learning experience on economic challenges and offer policy solutions.

Internship Duration

  • The internship can last between 3 to 6 months.
  • Interns will be required to undertake intensive research to ensure substantial output within the stipulated time.

Available Slots

  • Paid Internships: Limited to 15 selected candidates.
  • Unpaid Internships: An additional 10 candidates (selected from the top-ranking applicants who were not selected for the paid internship).

Internship Attachment

Interns will be attached to a:

  • Joint Secretary
  • Director
  • Office of the Chief Economic Adviser
  • Principal Economic Adviser

Benefits of the Internship

1. Remuneration

  • ₹10,000 per month for postgraduate students.
  • ₹20,000 per month for PhD students.
  • Payment is made upon satisfactory completion of the internship and submission of research reports.

2. Logistics Support

  • Interns will receive office space, computers, and internet facilities at the Department of Economic Affairs.

3. Certification

  • A Certificate of Internship will be issued upon:
    • Completion of at least 3 months.
    • Submission of a final report or research paper.
    • Approval from the concerned Divisional Head.

Eligibility Criteria

To qualify for the Internship Scheme, applicants must:

  1. Be pursuing Postgraduate or PhD programs in:

    • Economics
    • Law
    • Finance
    • Management

  2. Be from a university that ranks within:

    • Top 25 as per the National Institutional Ranking Framework (NIRF), Ministry of Education.
    • Top QS-ranked International Institutes.

Note:

  • The Department reserves full discretion over internship selections.
  • Applications can be refused without providing any reason.

Post-Selection Conditions

  • Internship is NOT a job and does not guarantee employment in the Department of Economic Affairs.
  • If an intern’s performance is unsatisfactory, they may be relieved prematurely.
  • Interns must present a research paper/report to the concerned divisional head upon completion.
  • A Non-Disclosure Agreement (NDA) must be signed before beginning the internship.

Application Process

Step-by-Step Online Application Guide

  1. Register for the Internship

    • Visit the MoF-DEA Internship Application Portal.
    • Click on “Apply Now”.

  2. Fill Out the Application Form

    • Provide details such as:
      • Area of interest.
      • Availability (duration with dates).
      • Preferred Divisions (top 3 choices).

Note:

  • Detailed division allocation is available on the DEA’s official website.
  • Only online applications will be accepted.

  1. Submit Required Documents

    • Upload scanned copies of mandatory documents (see list below).

  2. Review and Submit

    • Carefully review your application and submit it.
    • Await confirmation via email communication from DEA.

Documents Required

Applicants must submit the following documents in the specified format:

  • Passport-Sized Photograph
  • Proof of Identity (Aadhaar Card, Passport, or Voter ID)
  • Proof of Address (Utility Bill, Aadhaar, or Passport)
  • Latest Educational Qualification Certificate (Marksheet/Degree)
  • Institution Enrollment Proof (College ID or Admission Letter)
  • Letter of Recommendation from the Institution
  • Bank Account Details (For stipend transfer)

Frequently Asked Questions (FAQs)

  1. Can postgraduate students apply for this internship?
    Yes, postgraduate and PhD students in Economics, Law, Finance, and Management can apply.
  2. Can students from all universities in India apply?
    No, only students from NIRF Top 25 institutions or QS-ranked international universities are eligible.
  3. Can this internship be regarded as a job opportunity?
    No, the internship does not guarantee employment in the Department of Economic Affairs.
  4. Can interns be relieved before the completion of the internship?
    Yes, if an intern’s performance is unsatisfactory, they can be relieved prematurely.
  5. What is the stipend amount for interns?
  • Postgraduate interns receive ₹10,000 per month.
  • PhD interns receive ₹20,000 per month.
  1. When will the stipend be paid?
    The stipend is payable after successful completion of the internship and submission of the final report.
  2. Will logistics support be provided to the interns?
    Yes, interns will receive office space, computer access, and internet facilities.
  3. Is the Letter of Recommendation mandatory?
    Yes, a recommendation letter from the institution is required.
  4. How can I apply for this internship?
    You can apply online through the MoF-DEA Internship Portal.

Sources & References

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top