Internship Scheme Of The Department Of Economic Affairs
The Department of Economic Affairs (Ministry of Finance) offers paid internships for PhD and postgraduate students from top-ranked institutions to work on macroeconomic policy, capital markets, fiscal policy, and infrastructure financing. Pay is ₹10,000/month for PG students and ₹20,000/month for PhD students, on satisfactory completion of a 3–6 month internship. Apply online at mofapp.nic.in/DEA_Internship.aspx — no offline applications are accepted.
About This Scheme
The Department of Economic Affairs (Ministry of Finance) offers paid internships for PhD and postgraduate students from top-ranked institutions to work on macroeconomic policy, capital markets, fiscal policy, and infrastructure financing. Pay is ₹10,000/month for PG students and ₹20,000/month for PhD students, on satisfactory completion of a 3–6 month internship. Apply online at mofapp.nic.in/DEA_Internship.aspx — no offline applications are accepted.
Full official description
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.
Objective
To familiarize the selected candidates with the overall process of formulation of economic policies of the Government at a macro level.
To provide an opportunity to carry out brief research into a key and specific economic issue/problem faced by the country and offer solutions for the same.
Duration
The duration of the Internship maybe 3 to 6 months.
Since the time duration is very short, interns would be required to carry out a very intense study to ensure desirable outputs in a short time frame.
Slots
The number of Internships will be limited to a maximum of 15 paid interns.
Ten additional unpaid interns may also be selected, out of those ranking on top but could not be selected for the paid internship.
Attachment
The interns would be exclusively attached to a Joint Secretary / Director / Office of Chief Economic Adviser / Principal Economic Adviser.
Benefits
- ₹10,000/month for PG students (paid after satisfactory completion)
- ₹20,000/month for PhD students (paid after satisfactory completion)
- Computer with internet access and office workspace provided
- Certificate of internship issued after minimum 3 months and report submission
- Up to 15 paid slots; 10 additional unpaid slots for runners-up
Who Can Apply (Eligibility)
- Must be pursuing Post Graduation or PhD in Economics, Law, Finance, or Management
- Must be enrolled at a university in the top 25 of India's NIRF ranking, or a QS-ranked international institute
- Outstanding academic record required — the department reserves the right to refuse without reason
- Must sign a Non-Disclosure Agreement before starting
- Must submit a research report/paper and feedback at the end
Exclusions
This program is not meant for graduate students.
How to Apply
Step 1: The applicant needs to register on the MoF-DEA Internship Application Link of the Ministry of Finance.
Step 2: In the online, application form, fill in all the mandatory fields: area of interest, duration of availability with dates and three Divisions of their interest, in order of preference on which they would like to work during their internship.
NOTE 1: Details of business allocation to DEA and its Divisions are available on DEA's website. NOTE 2: Applications not received through the web portal will not be considered. NOTE 3: The only means of communication between the Department and candidates shall be by email.
Frequently Asked Questions
Can The Students Pursuing Their Postgraduation Course Apply To This Internship?
Yes, this scheme is open to students pursuing Post Graduation or a PhD.
Can Students From All The Universities In India Apply For This Internship?
Only the students from the Universities/ Institutions which are within the top 25 ranks as per the National Institutional Ranking Framework, by the Ministry of Human Resource Development or QS-ranked International Institutes, can apply for this Internship.
Under What Circumstances, Can The Tenure Of An Internship Be Ended Prematurely?
Interns, whose performance is unsatisfactory, may be relieved prematurely.
Can This Internship Be Regarded As A Job Assurance By The Department Of Economic Affairs?
This internship is neither a job nor any such assurance thereof in the Department of Economic Affairs.
What Shall Be The Deliverables On The Part Of The Interns?
The interns will have to present a Report/ Paper on the allotted subject to the concerned Divisional Head at the end of the internship. Simultaneously, they are required to give feedback on their experience of the Programme to the concerned Divisional Head.
Can I Apply Offline For This Scheme?
No, this scheme only accepts online applications. Applications not received through the web portal will not be considered.
The Department Of Economic Affairs Comes Under Which Ministry?
The Department of Economic Affairs comes under the Ministry of Finance.
Is The Letter Of Recommendation From The Institution A Mandatory Document?
Yes, the Letter of Recommendation from the Institution is mandatory for the successful submission of the application.
What Shall Be The Amount Of The Token Remuneration For PG Students?
The Token remuneration will be [?]10,000/- per month per intern for PG students.
What Shall Be The Amount Of The Token Remuneration For PhD Students?
The Token remuneration will be [?]20,000/- per month per intern for PhD students.
When Will The Remuneration Become Payable?
The token remuneration is payable on satisfactory completion of their internship and on submission of their Report/Paper/Feedback.
Will The Logistics Support Be Provided To The Interns By The DEA?
Yes, the Interns will be provided with the necessary logistics support, i.e. office space and computer with internet facility.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Passport Sized Photograph
- Proof of Identity
- Proof of Address
- Proof of the Latest Educational Qualification (Passing Certificate / Degree / Marksheet)
- Identity Card / Proof of Enrolment into a Post Graduation or PhD Program in Economics/ Law/ Finance/ Management)
- Letter of Recommendation from the Institution
- Details of the Bank Account